On January 4, 2022, the Board of Directors of LGI Homes, Inc., acting upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Maria Renna Sharpe to fill the vacancy in the Board created by the previously announced retirement of Duncan Gage and appointed Ms. Sharpe to serve on the Compensation Committee of the Board. Ms. Sharpe's term as a director will continue until the Company's 2022 Annual Meeting of Stockholders or until her earlier death, resignation or removal . The Board determined that Ms. Sharpe is an “independent director” under the relevant NASDAQ rules.

Ms. Sharpe brings more than 37 years of legal, human resources and accounting expertise to the Company. She is the Managing Principal of Sharpe Human Solutions, LLC and serves on the Board of Directors of Lamb Weston Holdings Inc. Ms. Sharpe served as Senior Vice President, Global Human Capital Management, Services & Operations at PepsiCo, Inc. from 2014 to 2016, as Chief Human Resources Officer, PepsiCo Europe from 2010 to 2014 and as Senior Vice President, Compensation, Benefits & Human Resource Systems from 2008 to 2010. From 2004 to 2008, Ms. Sharpe served as Chief Human Resources Officer & Corporate Secretary of UST Inc. Prior to that, Ms. Sharpe held various senior human resources and legal positions at PepsiCo, Inc., including Vice President, Benefits from 2002 to 2004, Vice President, Compensation from 1999 to 2002 and Vice President, Human Resources Counsel from 1995 to 1999.