American Homes Leadership Transition and Executive Compensation Update

American Homes (AMH) has released an update.

American Homes 4 Rent CEO David P. Singelyn is set to retire at the end of 2024, with COO Bryan Smith named as his successor. Upon Smith’s promotion, his annual salary will increase to $750,000, and CFO Christopher C. Lau will advance to Senior Executive Vice President. As part of the transition, Singelyn will provide advisory services until mid-2025 and receive a $1.6 million restricted stock unit award, with his 2024 salary set at $825,000 and eligibility for a performance-based bonus.

For further insights into AMH stock, check out TipRanks’ Stock Analysis page.