PulteGroup (PHM) Proxy Filing summary

Executive summary

• Achieved strong financial results in 2025, closing over 29,500 homes and generating $16.7 billion in home sale revenues, with gross and operating margins of 26.3% and 16.9%, respectively, and a return on equity of 18%.

• Ended 2025 with $2.0 billion in cash after investing $5.2 billion in the business and returning $1.4 billion to shareholders via share repurchases and dividends.

• Navigated challenging market conditions, including interest rate volatility and affordability issues, through cost containment, production cycle improvements, and targeted incentives.

• The 2026 Annual Meeting will be held virtually on April 29, 2026, with shareholders voting on director elections, auditor ratification, and executive compensation.

Voting matters and shareholder proposals

• Shareholders will vote on: (1) election of eleven directors, (2) ratification of Ernst & Young LLP as independent auditor for 2026, and (3) advisory say-on-pay vote on executive compensation.

• Board recommends voting FOR all director nominees and both proposals.

• Shareholders can vote online, by phone, or by mail, and may submit questions during the virtual meeting.

Board of directors and corporate governance

• Board comprises eleven nominees with diverse backgrounds in real estate, finance, and consumer markets; ongoing refreshment with new members Kristin Gannon and nominee Benjamin Schall.

• All directors except the CEO are independent; strong independent Chairman role and fully independent key committees.

• Annual board and committee self-assessments, director age and time commitment limits, and meaningful share ownership guidelines for directors.

• Shareholder rights include annual director elections, majority vote standard, right to call special meetings, and proxy access for board nominations.