KB HOME, DEF 14A filed on 3/13/2026
Proxy Statement (definitive)
v3.25.4
Cover
 12 Months Ended
Nov. 30, 2025
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name KB Home
Entity Central Index Key 0000795266
v3.25.4
Pay vs Performance Disclosure - USD ($)
 12 Months Ended 24 Months Ended 36 Months Ended 48 Months Ended 60 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2022
Nov. 30, 2023
Nov. 30, 2024
Nov. 30, 2025
Pay vs Performance Disclosure                  
Pay vs Performance Disclosure, Table Pay Versus Performance
The following table presents information as required under Item 402(v) of SEC Regulation S-K regarding the relationship for the five most
recently completed fiscal years between the compensation of our NEOs – as reported in the Summary Compensation Table and adjusted to
reflect “compensation actually paid” (“CAP”) as defined under SEC rules – and our performance relative to the identified metrics.
Our compensation philosophy and how we align executive compensation with our performance is described under “Compensation Discussion
and Analysis.” The CAP amounts disclosed do not reflect the actual amount of compensation earned, realized, or received by our NEOs during
the applicable fiscal year. The Compensation Committee did not consider the information provided in this section in making its compensation
decisions for the years shown.
Fiscal
Year 
Summary
Compensation
Table Total
for PEO
($)
Compensation
Actually Paid
to PEO
($)(a)
Average
Summary
Compensation
Table Total for
Other NEOs
($)(b)
Average
Compensation
Actually Paid to
Other NEOs
($)(a)(b)
Value of Initial Fixed $100
Investment Based on:
Net
Income
($000s)(e)
AEPS
($)(f)
Total
Stockholder
Return
($)(c)
Peer Group
Total
Stockholder
Return
($)(d)
2025
$14,717,242
$(4,354,437)
$3,625,668
$(993,295)
$197.40
$232.34
$428,789
$6.16
2024
16,709,331
51,037,727
4,439,688
11,843,645
249.67
255.39
655,018
8.45
2023
15,689,055
43,713,700
4,483,491
10,469,248
155.12
176.92
590,177
7.18
2022
15,814,791
12,168,706
4,416,324
4,273,279
92.08
112.90
816,666
9.36
2021
14,366,518
25,125,414
4,556,264
7,144,468
115.18
133.37
564,746
6.14
                
Named Executive Officers, Footnote Mr. Mezger served as our PEO for each fiscal year shown. Our other NEOs were as follows: Messrs. McGibney, Dillard, Praw, Woram and Kaminski for the
2025 fiscal year; Messrs. Kaminski, McGibney, Praw and Woram for the 2024, 2023 and 2022 fiscal years; and Messrs. Kaminski, McGibney, Praw, and
Matthew W. Mandino for the 2021 fiscal year.
                
Peer Group Issuers, Footnote The peer group used in this disclosure is the Dow Jones US Home Construction Index, which is the same index used in the Stock Performance Graph in our
Annual Report. The amounts reported reflect the cumulative TSR of the Dow Jones US Home Construction Index for each of the last five fiscal years ended
November 30, 2025, assuming an investment of $100 on November 30, 2020, and the reinvestment of dividends.
                
PEO Total Compensation Amount $ 14,717,242 $ 16,709,331 $ 15,689,055 $ 15,814,791 $ 14,366,518        
PEO Actually Paid Compensation Amount $ (4,354,437) 51,037,727 43,713,700 12,168,706 25,125,414        
Adjustment To PEO Compensation, Footnote
2025
PEO
Average
Other NEOs
Summary Compensation Table Total
$14,717,242
$3,625,668
Adjustments:
Grant date fair value of stock awards from Summary Compensation Table
(7,200,017)
(1,629,999)
Fair value at fiscal year end of outstanding and unvested equity awards granted in the fiscal year(1)
13,488,907
2,658,315
Change in fair value of outstanding and unvested equity awards granted in prior fiscal years(2)
(20,567,402)
(4,152,535)
Change in fair value as of the vesting date of equity awards granted in prior fiscal years that vested in
the fiscal year(3)
(5,353,332)
(1,019,151)
Fair Value at prior fiscal year end of forfeited equity awards in the fiscal year (4)
—
(604,128)
Dividends paid on awards during the year before vesting
667,346
128,535
“Change in pension value and nonqualified deferred compensation earnings” from Summary
Compensation Table 
(434,464)
—
Service cost for pension plans
327,283
—
Compensation Actually Paid (as calculated per SEC rules)
$(4,354,437)
$(993,295)
                
Non-PEO NEO Average Total Compensation Amount $ 3,625,668 4,439,688 4,483,491 4,416,324 4,556,264        
Non-PEO NEO Average Compensation Actually Paid Amount $ (993,295) 11,843,645 10,469,248 4,273,279 7,144,468        
Adjustment to Non-PEO NEO Compensation Footnote
2025
PEO
Average
Other NEOs
Summary Compensation Table Total
$14,717,242
$3,625,668
Adjustments:
Grant date fair value of stock awards from Summary Compensation Table
(7,200,017)
(1,629,999)
Fair value at fiscal year end of outstanding and unvested equity awards granted in the fiscal year(1)
13,488,907
2,658,315
Change in fair value of outstanding and unvested equity awards granted in prior fiscal years(2)
(20,567,402)
(4,152,535)
Change in fair value as of the vesting date of equity awards granted in prior fiscal years that vested in
the fiscal year(3)
(5,353,332)
(1,019,151)
Fair Value at prior fiscal year end of forfeited equity awards in the fiscal year (4)
—
(604,128)
Dividends paid on awards during the year before vesting
667,346
128,535
“Change in pension value and nonqualified deferred compensation earnings” from Summary
Compensation Table 
(434,464)
—
Service cost for pension plans
327,283
—
Compensation Actually Paid (as calculated per SEC rules)
$(4,354,437)
$(993,295)
                
Compensation Actually Paid vs. Total Shareholder Return
CAP vs. Cumulative TSR
549755829255
05 KBH NPS 2026_Artboard 1_3.gif
PEO
05 KBH NPS 2026_Artboard 1_4.gif
Average for
other NEOs
2_KBH NPS 2026_linelegends-3.gif
KB Home
2_KBH NPS 2026_linelegends-4.gif
Dow Jones US Home
Construction Index
                
Compensation Actually Paid vs. Net Income
CAP vs. Net Income
549755829266
02_KBH NPS 2026_legends-1.jpg
PEO
02_KBH NPS 2026_legends-2.jpg
Average for
other NEOs
2_KBH NPS 2026_linelegends-3.gif
Net Income
                
Compensation Actually Paid vs. Company Selected Measure
CAP vs. AEPS
3298534898674
02_KBH NPS 2026_legends-1.jpg
PEO
02_KBH NPS 2026_legends-2.jpg
Average for
other NEOs
2_KBH NPS 2026_linelegends-3.gif
AEPS
                
Total Shareholder Return Vs Peer Group
KB Home and Peer Cumulative
TSR Comparison
3298534898665
2_KBH NPS 2026_linelegends-1.gif
KB Home
2_KBH NPS 2026_linelegends-2.gif
Dow Jones US Home
Construction Index
                
Tabular List, Table Pay Versus Performance Tabular List
Below is a list of the most important financial performance measures we used to link CAP for our NEOs to our performance for the fiscal year
ended November 30, 2025. Our use of these measures is discussed under “Compensation Discussion and Analysis.” 
■AEPS (the company-selected measure);
■AROIC;
■Adjusted pretax income;
■Revenue growth, relative to our peer group;
■Strategic measures, to the extent they incorporate or reflect financial performance metrics.
                
Total Shareholder Return Amount $ 197.40       115.18 $ 92.08 $ 155.12 $ 249.67  
Peer Group Total Shareholder Return Amount         133.37 $ 112.90 $ 176.92 $ 255.39 $ 232.34
Net Income (Loss) $ 428,789,000 $ 655,018,000 $ 590,177,000 $ 816,666,000 $ 564,746,000        
Company Selected Measure Amount 6.16 8.45 7.18 9.36 6.14        
PEO Name Mr. Mezger Mr. Mezger Mr. Mezger Mr. Mezger Mr. Mezger        
Measure:: 1                  
Pay vs Performance Disclosure                  
Name AEPS                
Measure:: 2                  
Pay vs Performance Disclosure                  
Name AROIC                
Measure:: 3                  
Pay vs Performance Disclosure                  
Name Adjusted pretax income                
Measure:: 4                  
Pay vs Performance Disclosure                  
Name Revenue growth, relative to our peer group                
Measure:: 5                  
Pay vs Performance Disclosure                  
Name Strategic measures, to the extent they incorporate or reflect financial performance metrics                
PEO | Grant date fair value of stock awards from Summary Compensation Table [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount $ (7,200,017)                
PEO | Fair value at fiscal year end of outstanding and unvested equity awards granted in the fiscal year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 13,488,907                
PEO | Change in fair value of outstanding and unvested equity awards granted in prior fiscal years [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (20,567,402)                
PEO | Change in fair value as of the vesting date of equity awards granted in prior fiscal years that vested in the fiscal year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (5,353,332)                
PEO | Fair Value at prior fiscal year end of forfeited equity awards in the fiscal year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 0                
PEO | Dividends paid on awards during the year before vesting [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 667,346                
PEO | “Change in pension value and nonqualified deferred compensation earnings” from Summary Compensation Table [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (434,464)                
PEO | Service cost for pension plans [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 327,283                
Non-PEO NEO | Grant date fair value of stock awards from Summary Compensation Table [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (1,629,999)                
Non-PEO NEO | Fair value at fiscal year end of outstanding and unvested equity awards granted in the fiscal year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 2,658,315                
Non-PEO NEO | Change in fair value of outstanding and unvested equity awards granted in prior fiscal years [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (4,152,535)                
Non-PEO NEO | Change in fair value as of the vesting date of equity awards granted in prior fiscal years that vested in the fiscal year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (1,019,151)                
Non-PEO NEO | Fair Value at prior fiscal year end of forfeited equity awards in the fiscal year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (604,128)                
Non-PEO NEO | Dividends paid on awards during the year before vesting [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 128,535                
Non-PEO NEO | “Change in pension value and nonqualified deferred compensation earnings” from Summary Compensation Table [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 0                
Non-PEO NEO | Service cost for pension plans [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount $ 0                
v3.25.4
Award Timing Disclosure
 12 Months Ended
Nov. 30, 2025
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure Our equity-based award grant policy governs the timing and establishes certain internal controls over the grant of equity-based awards,
including stock options (which we have not granted since 2016), restricted stock and PSUs. The policy establishes, among other things, that
the Compensation Committee (or the Board) must approve all grants of equity-based awards and their terms, and the delegation of this
authority to our management is not permitted. The policy also specifies that the exercise or grant price of any relevant equity-based award
cannot be less than the closing price of our common stock on the grant date; annual long-term incentive equity-based awards to existing
employees are to be granted only at a regularly scheduled meeting of the Compensation Committee or Board (either, a “granting body”),
typically held in October; new hire or promotion awards are to be granted at a regularly scheduled meeting of the granting body that is on (or
that is the earliest following) the date of an applicable circumstance; and the granting body generally avoids approving equity-based awards
and setting grant dates during the trading blackout periods established under our Trading Policy to align with that policy’s prohibition on our
and covered persons’ trading in our securities when aware of material, non-public information about the company. While the quarterly trading
blackouts under the Trading Policy begin 15 days before each fiscal quarter-end and end after we have filed with the SEC the applicable
periodic report for that fiscal quarter, absent an event-specific trading blackout being in effect, the granting body may approve equity-based
awards and set grant dates in the period beginning after we have publicly released the quarter’s earnings and ending when the next trading
blackout starts under the Trading Policy. We do not time the disclosure of material nonpublic information for the purpose of affecting the value
of equity-based awards granted to our employees.
Award Timing Method Our equity-based award grant policy governs the timing and establishes certain internal controls over the grant of equity-based awards,
including stock options (which we have not granted since 2016), restricted stock and PSUs. The policy establishes, among other things, that
the Compensation Committee (or the Board) must approve all grants of equity-based awards and their terms, and the delegation of this
authority to our management is not permitted. The policy also specifies that the exercise or grant price of any relevant equity-based award
cannot be less than the closing price of our common stock on the grant date; annual long-term incentive equity-based awards to existing
employees are to be granted only at a regularly scheduled meeting of the Compensation Committee or Board (either, a “granting body”),
typically held in October; new hire or promotion awards are to be granted at a regularly scheduled meeting of the granting body that is on (or
that is the earliest following) the date of an applicable circumstance; and the granting body generally avoids approving equity-based awards
and setting grant dates during the trading blackout periods established under our Trading Policy to align with that policy’s prohibition on our
and covered persons’ trading in our securities when aware of material, non-public information about the company. While the quarterly trading
blackouts under the Trading Policy begin 15 days before each fiscal quarter-end and end after we have filed with the SEC the applicable
periodic report for that fiscal quarter, absent an event-specific trading blackout being in effect, the granting body may approve equity-based
awards and set grant dates in the period beginning after we have publicly released the quarter’s earnings and ending when the next trading
blackout starts under the Trading Policy.
Award Timing Predetermined true
MNPI Disclosure Timed for Compensation Value false
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Nov. 30, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true