UNITED STATESSECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549_____________

SCHEDULE 14A INFORMATIONProxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934_____________

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TRI Pointe Group, Inc.(Name of Registrant as Specified in Its Charter)

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NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

TotheStockholders:Anannualmeetingofstockholders(the"annualmeeting")ofTRIPointeGroup,Inc.("TRIPointe")willbeheldat10:00a.m.local

time,onTuesday,April30,2019,attheFourSeasonsHotelNewYorkDowntownlocatedat27BarclayStreet,NewYork,NewYork10007.Theannualmeetingwillbeheldforthefollowingpurposes:

• toelectthesevennomineesnamedintheproxystatementtoserveonTRIPointe'sBoardofDirectorsuntilhisorhersuccessoriselectedandqualifiedoruntilhisorherearlierresignation,removalordeath(ProposalNo.1);

• toratifytheappointmentofErnst&YoungLLPasTRIPointe'sindependentregisteredpublicaccountingfirmfor2019(ProposalNo.2);and

• totransactanyotherbusinessthatmayproperlycomebeforetheannualmeetingoranyadjournmentsorpostponementsthereof.

Theseitemsofbusinessaremorefullydescribedintheproxystatementaccompanyingthisnotice.Our Board of Directorsrecommends stockholders vote "FOR" the election of each of the seven director nominees listed in Proposal No. 1 and "FOR"Proposal No. 2.

AllTRIPointestockholdersarecordiallyinvitedtoattendtheannualmeeting,althoughonlythosestockholdersofrecordatthecloseofbusinessonMarch1,2019areentitledtoreceivenoticeoftheannualmeetingandtovoteattheannualmeetingandanyadjournmentsorpostponementsoftheannualmeeting.

WHETHER OR NOT YOU PLAN TO ATTEND THE ANNUAL MEETING IN PERSON, PLEASE COMPLETE, DATE,SIGN, AND RETURN THE ENCLOSED PROXY CARD IN THE ENCLOSED POSTAGE-PAID ENVELOPE OR VOTE YOURSHARES OF TRI POINTE COMMON STOCK BY CALLING THE TOLL-FREE TELEPHONE NUMBER OR BY USING THEINTERNET AS DESCRIBED IN THE INSTRUCTIONS INCLUDED WITH YOUR PROXY CARD AT YOUR EARLIESTCONVENIENCE.

WehaveelectedtotakeadvantageoftherulesthatallowcompaniestofurnishtheirproxymaterialsviatheInternet.Asaresult,theproxystatementwasmadeavailableontheInternetandwemailedaNoticeofInternetAvailabilityofProxyMaterialscontaininginstructionsonhowtoaccessourproxystatementandannualreportonoraboutMarch21,2019.TheNoticeofInternetAvailabilityofProxyMaterialsalsocontainsinstructionsonhowtorequestapapercopyofourproxystatementandannualreport.TRI Pointe's proxy materials areavailable online at http://www.astproxyportal.com/ast/18094.

ByOrderoftheBoardofDirectors,

DavidC.LeeSecretary

Pleasevoteyoursharespromptly.Youcanfindinstructionsforvotingontheenclosedproxycard.

March21,2019

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TABLE OF CONTENTS

Page

INFORMATIONABOUTTHEANNUALMEETING 1

QUESTIONSANDANSWERSABOUTTHEANNUALMEETING 4

PROPOSALNO.1ELECTIONOFDIRECTORS 8

PROPOSALNO.2RATIFICATIONOFSELECTIONOFINDEPENDENTREGISTEREDPUBLICACCOUNTINGFIRM 10

BOARDOFDIRECTORS 11

CORPORATEGOVERNANCE 16

COMPENSATIONDISCUSSIONANDANALYSIS 23

COMPENSATIONCOMMITTEEREPORT 40

OWNERSHIPOFOURCOMMONSTOCK 41

EQUITYCOMPENSATIONPLANINFORMATION 43

EXECUTIVECOMPENSATION 44

DIRECTORCOMPENSATION 57

REPORTOFTHEAUDITCOMMITTEE 59

MANAGEMENT 60

SECTION16(a)BENEFICIALOWNERSHIPREPORTINGCOMPLIANCE 62

CERTAINRELATIONSHIPSANDRELATEDPARTYTRANSACTIONS 63

AUDITCOMMITTEEMATTERS 64

STOCKHOLDERPROPOSALSFOR2020ANNUALMEETING 65

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INFORMATION ABOUT THE ANNUAL MEETING

General; Date; Time and Place; Purposes of the Meeting

TheenclosedproxyissolicitedonbehalfofourBoardofDirectorsforuseattheannualmeetingofstockholdersofTRIPointeGroup,Inc.("TRIPointe,""we,""us"orthe"Company")tobeheldat10:00a.m.localtime,onTuesday,April30,2019oratanyadjournmentsorpostponementsoftheannualmeeting,forthepurposessetforthinthisproxystatementandintheaccompanyingnoticeofannualmeeting.TheannualmeetingwillbeheldattheFourSeasonsHotelNewYorkDowntownlocatedat27BarclayStreet,NewYork,NewYork10007.

Attheannualmeeting,stockholderswillbeaskedto:

• electthesevennomineesnamedinthisproxystatementtoserveonourBoardofDirectorsuntilhisorhersuccessoriselectedandqualifiedoruntilhisorherearlierresignation,removalordeath(ProposalNo.1);

• ratifytheappointmentofErnst&YoungLLPasourindependentregisteredpublicaccountingfirmfor2019(ProposalNo.2);and

• transactanyotherbusinessthatmayproperlycomebeforetheannualmeetingoranyadjournmentsorpostponementsthereof.

Whenthisproxystatementreferstothe"annualmeeting,"itisalsoreferringtoanyadjournmentorpostponementoftheannualmeeting,ifitisdeterminedbyourBoardofDirectorstobenecessaryorappropriate.ThesematerialswerefirstsentormadeavailabletostockholdersonMarch21,2019.

Electronic Delivery

InaccordancewiththerulesandregulationsadoptedbytheSecuritiesandExchangeCommission("SEC"),wehaveelectedtofurnishtheproxymaterialstoourstockholdersviatheInternet.Webelieveelectronicdeliverywillexpeditestockholders'receiptofproxymaterials,whileloweringcostsandreducingtheenvironmentalimpactoftheannualmeetingbyreducingprintingandmailingoffullsetsofproxymaterials.ThisproxystatementwasmadeavailableontheInternetandwemailedaNoticeofInternetAvailabilityofProxyMaterials(the"Notice")containinginstructionsonhowtoaccesstheproxymaterialsonoraboutMarch21,2019.Ifastockholderwouldliketoreceiveapapercopyoftheproxymaterials,theNoticecontainsinstructionsonhowtoreceiveapapercopy.

Record Date; Quorum

HoldersofrecordofourcommonstockatthecloseofbusinessonMarch1,2019,therecorddatefortheannualmeeting,areentitledtoreceivenoticeof,andtovoteat,theannualmeetingandanyadjournmentsorpostponementsthereof.Atthecloseofbusinessontherecorddate,142,210,147sharesofourcommonstockwereoutstandingandentitledtovote.Stockholdersareentitledtoonevoteoneachmattersubmittedtothestockholdersforeachshareofourcommonstockheldasoftherecorddate.

Aquorummustbeestablishedinorderforourstockholderstotakeactionattheannualmeeting.Thepresenceattheannualmeeting,inpersonorbyproxy,oftheholdersofstockhavingamajorityofvotesthatcouldbecastbytheholdersofalloutstandingstockentitledtovoteattheannualmeetingwillconstituteaquorum.Ifashareisrepresentedforanypurposeattheannualmeeting,itwillbedeemedpresentforpurposesofdeterminingwhetheraquorumexists.Abstentionsand"brokernon-votes"willbe

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countedaspresentandentitledtovoteforpurposesofdeterminingaquorum.Ifaquorumispresentwhentheannualmeetingisconvened,thesubsequentwithdrawalofstockholders,eveniflessthanaquorumremainsaftersuchwithdrawal,willnotaffecttheabilityoftheremainingstockholderstolawfullytransactbusiness.

AsofMarch1,2019,ourdirectorsandcurrentexecutiveofficersheldapproximately1.5%ofthesharesentitledtovoteattheannualmeeting.See"OwnershipofOurCommonStock."

Solicitation of Proxies

Wewillbeartheentirecostofsolicitingproxiesfromourstockholders.Inadditiontosolicitationofproxiesbymail,proxiesmaybesolicitedinperson,bytelephoneorotherelectroniccommunications,suchasemailsorpostingsonourwebsitebyourdirectors,officers,andemployees,whowillnotreceiveadditionalcompensationfortheseservices.WehaveretainedD.F.King&Co.,Inc.toassistinthesolicitationofproxiesforafeeof$12,000plusexpenses.Banks,brokers,andothernomineeswillberequestedtoforwardsolicitingmaterialtobeneficialownersofstockheldofrecordbythem,andwewillreimbursethosepersonsfortheirreasonableexpensesindoingso.

Adjournments and Postponements

Althoughitisnotcurrentlyexpected,ifitisdeterminedbyourBoardofDirectorstobenecessaryorappropriate,theannualmeetingmaybeadjournedorpostponed.Noticewillnotbegivenofanysuchadjournedmeetingifthedate,time,andplace,ifany,thereofandthemeansofremotecommunication,ifany,bywhichstockholdersandproxyholdersmaybedeemedpresentinpersonandvoteatsuchadjournedmeetingareannouncedatthemeetingatwhichtheadjournmentistaken.Attheadjournedmeeting,anybusinessmaybetransactedwhichmighthavebeentransactedattheoriginalmeeting.Iftheadjournmentisformorethan30days,orifaftertheadjournmentanewrecorddateisfixedfortheadjournedmeeting,anoticeoftheadjournedmeetingwillbegiventoeachstockholderofrecordentitledtovoteattheadjournedmeeting.IfourBoardofDirectorsfixesanewrecorddatefordeterminationofstockholdersentitledtovoteatanadjournedmeeting,ourBoardofDirectorswillalsofixastherecorddateforstockholdersentitledtonoticeofsuchadjournedmeetingthesameoranearlierdateastherecorddatedeterminedforstockholdersentitledtovoteattheadjournedmeeting.

Attending the Annual Meeting

Allstockholders,includingstockholdersofrecordandstockholderswhoholdtheirsharesin"streetname"throughbanks,brokers,orothernominees,areinvitedtoattendtheannualmeeting.Stockholdersofrecordcanvoteinpersonattheannualmeeting.Toattendtheannualmeeting,stockholdersofrecordneedtobringavalidpictureidentification.Ifastockholderholdssharesin"streetname"throughanaccountwithabank,brokerorothernominee,theholderwillneedtocontactitsbank,brokerorothernomineeandobtaina"legalproxy"fromthebank,brokerorothernomineeandpresentthe"legalproxy"andvalidpictureidentificationattheannualmeeting,which"legalproxy"willserveasthestockholder'sadmissionticket.Cellphonesmustbeturnedoffpriortoenteringtheannualmeeting.Camerasandvideo,audiooranyotherelectronicrecordingdeviceswillnotbeallowedinthemeetingroomduringtheannualmeeting,excepttotheextentpermittedbyus.Youcanobtaindirectionstobeabletoattendtheannualmeetingandvoteinperson,byrequestingtheminwritingorbytelephonefromusatthefollowingaddressandtelephonenumber:TRIPointeGroup,Inc.,19540JamboreeRoad,Suite300,Irvine,California92612,Attention:InvestorRelations;Telephone:(949)478-8696.

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Householding

SECrulesallowdeliveryofasingledocumenttohouseholdsatwhichtwoormorestockholdersreside.Thisprocedure,referredtoas"householding,"reducesthevolumeofduplicateinformationreceivedbystockholders,aswellasourexpenses.Ifastockholderofrecordiseligibleforhouseholding,butitandotherstockholdersofrecordwithwhichitsharesanaddressreceivemultiplecopiesoftheNotice,orifastockholderofrecordholdsstockinmorethanoneaccount,andineithercasethestockholderwishestoreceiveasinglecopyoftheNoticeforitshousehold,itshouldnotifyourCorporateSecretary.IfastockholderparticipatesinhouseholdingandwishestoreceiveaseparatecopyoftheNotice,ordoesnotwishtoparticipateinhouseholdingandpreferstoreceiveseparatecopiesoftheNoticeinthefuture,itshouldnotifyourCorporateSecretary.AstockholdermaynotifyourCorporateSecretaryinwritingatTRIPointeGroup,Inc.,19540JamboreeRoad,Suite300,Irvine,California92612,Attention:CorporateSecretary,orbytelephoneat(949)438-1400.

Ifastockholderholdsitssharesthroughanintermediarythatisutilizinghouseholdingandthestockholderwishestoreceiveseparatecopiesofourannualreportandproxystatementinthefuture,orifitisreceivingmultiplecopiesofourproxymaterialsandannualreportandwishestoreceiveonlyone,itshouldcontactitsbank,broker,orothernomineerecordholder.

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QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING

Thefollowingaresomeofthequestionsthatstockholdersmayhaveabouttheannualmeetingandanswerstothosequestions.Thesequestionsandanswersarenotmeanttobeasubstitutefortheinformationcontainedintheremainderofthisproxystatement,andthisinformationisqualifiedinitsentiretybythemoredetaileddescriptionsandexplanationscontainedelsewhereinthisproxystatement.Weurgeourstockholderstoreadthisproxystatementinitsentiretypriortomakinganydecision.

Q: What proposals will be voted on at the annual meeting?

A: Stockholderswillvoteonthefollowingproposals:

• toelectthesevennomineesnamedinthisproxystatementtoserveonourBoardofDirectorsuntilhisorhersuccessoriselectedandqualifiedoruntilhisorherearlierresignation,removalordeath(ProposalNo.1);and

• toratifytheappointmentofErnst&YoungLLPasourindependentregisteredpublicaccountingfirmfor2019(ProposalNo.2).

Q: How does our Board of Directors recommend stockholders vote?

A: OurBoardofDirectorsrecommendsthatstockholdersvote:

• "FOR "theelectionofeachofthesevennomineestoourBoardofDirectorsuntilhisorhersuccessoriselectedandqualifiedoruntilhisorherearlierresignation,removal,ordeath(ProposalNo.1);and

• "FOR "theratificationoftheappointmentofErnst&YoungLLPasourindependentregisteredpublicaccountingfirmfor2019(ProposalNo.2).

Questions With Respect to the Election of Directors (Proposal No. 1)

Q: What vote is required for election of directors?

A: OurBylawsprovideformajorityvotinginuncontesteddirectorelections.Uncontesteddirectorelectionsaredefinedasanymeetingofstockholdersatwhichdirectorsaretobeelectedandthenumberofnomineesdoesnotexceedthenumberofdirectorstobeelected.Theelectionofdirectorsattheannualmeetingwillbeanuncontesteddirectorelection,asdefined.Therefore,eachnomineeforelectionasadirectorwillbeelectedattheannualmeetingifthenumberofvotescast"FOR "thenominee'selectionexceedsthenumberofvotescast"AGAINST "thenominee'selection.Abstentionsand"brokernon-votes"willnotbecountedasvotescastandwillnotaffecttheoutcomewithregardtothisproposal.Thereisnocumulativevotingintheelectionofdirectors.

Q: What if a stockholder returns a proxy but does not indicate how the shares should be voted with respect to Proposal No. 1?

A: Ifastockholdersubmitsaproperlyexecutedproxytousbuttheproxydoesnotindicatehowitshouldbevotedonthisproposal,thesharessubjecttotheproxywillbevoted"FOR "theelectionofeachofthesevennomineesnamedinthisproxystatementtoourBoardofDirectors.

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Q: What if a stockholder returns a proxy but instructs the proxy holder to abstain with respect to one or more nominees?

A: Ifastockholdersubmitsaproperlyexecutedproxytousandinstructstheproxyholdertoabstainwithrespecttooneormorenominees,thesharessubjecttotheproxywillnotbevotedfororagainstthatnomineeorthosenomineesandwillbevoted"FOR "or"AGAINST "theremainingnominee(s),ifany,asindicatedontheproxy.

Q: What if a stockholder is a beneficial owner of shares held in "street name" and fails to provide voting instructions withrespect to Proposal No. 1?

A: Ifastockholderisthebeneficialownerofsharesheldin"streetname"throughitsbank,brokerorothernominee,thebank,brokerorothernomineewilltypicallybeprohibitedfromvotinginitsdiscretiononthisproposalwithrespecttothatstockholder'ssharesandthese"brokernon-votes"willnotaffecttheoutcomeoftheelection.

Questions With Respect to the Ratification of the Appointment of Auditors (Proposal No. 2)

Q: What vote is required to approve the ratification of the appointment of auditors?

A: PursuanttoourBylaws,thisproposalrequirestheaffirmativevoteoftheholdersofstockhavingamajorityofthevotesthatcouldbecastbythestockholdersentitledtovoteontheproposalthatarepresentinpersonorbyproxyattheannualmeeting.

Q: What if a stockholder returns a proxy but does not indicate how the shares should be voted with respect to Proposal No. 2?

A: Ifastockholdersubmitsaproperlyexecutedproxytousbuttheproxydoesnotindicatehowitshouldbevotedonthisproposal,thesharessubjecttotheproxywillbevoted"FOR "theratificationoftheappointmentofErnst&YoungLLPasourindependentregisteredpublicaccountingfirmfor2019.

Q: What if a stockholder returns a proxy but instructs the proxy holder to abstain with respect to Proposal No. 2?

A: Ifastockholdersubmitsaproperlyexecutedproxytousandtheproxyinstructstheproxyholdertoabstainfromvotingonthisproposal,thesharessubjecttotheproxywillnotbevoted,andwillhavetheeffectofavote"AGAINST ",withregardtothisproposal.

Q: What if a stockholder is a beneficial owner of shares held in "street name" and fails to provide voting instructions withrespect to Proposal No. 2?

A: Ifastockholderisthebeneficialownerofsharesheldin"streetname"throughitsbank,brokerorothernominee,thebank,brokerorothernomineewilltypicallyhavetheauthoritytoexerciseitsvotingdiscretiontovoteonthisproposal.

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General Questions

Q: How can stockholders cast their vote?

A: Stockholdersmayvoteinoneofthefollowingways:

• byusingthetoll-freenumbershownontheproxycard(orvotinginstructioncardifastockholderreceiveditsproxymaterialsfromabank,brokerorothernominee);

• byvisitingthewebsiteshownontheproxycard(orvotinginstructioncard)tosubmitaproxyviatheInternet;

• bycompleting,signing,datingandreturningtheenclosedproxycard(orvotinginstructioncard)intheenclosedpostage-paidenvelope;or

• byattendingtheannualmeetingandvotingtheirshares.

Q: If a stockholder is not going to attend the annual meeting, should that stockholder return its proxy card or otherwise vote itsshares?

A: Yes.Returningtheproxycard(orvotinginstructioncardifastockholderreceiveditsproxymaterialsfromabank,brokerorothernominee)orvotingbycallingthetoll-freenumbershownontheproxycard(orvotinginstructioncard)orvisitingthewebsiteshownontheproxycard(orvotinginstructioncard)tosubmitaproxyviatheInternetensuresthattheshareswillberepresentedandvotedattheannualmeeting,evenifthestockholderwillbeunableto,ordoesnot,attend.

Q: If a stockholder's shares are held in "street name" through its bank, broker, or other nominee, will that bank, broker orother nominee vote those shares?

A: Banks,brokers,orothernomineeswillnotvotesharesofastockholderwithrespecttoProposalNo.1unlessthestockholderinstructsitsbank,brokerorothernomineehowtovote.Astockholdershouldfollowthedirectionsonthevotinginstructioncardprovidedbyitsbank,broker,orothernomineeregardinghowtoinstructitsbank,broker,orothernomineetovoteitsshares.Ifastockholderdoesnotprovideitsbank,broker,orothernomineewithinstructions,underNewYorkStockExchange("NYSE")rules,thatbank,broker,orothernomineewillnotbeauthorizedtovotewithrespecttoProposalNo.1,butmayvoteinitsdiscretionwithrespecttoProposalNo.2.

Q: Can a stockholder change or revoke its proxy after mailing its proxy card?

A: Yes.Ifastockholderhasproperlycompletedandsubmitteditsproxycard,thatstockholdercanchangeorrevokeitsproxyvoteinanyofthefollowingways:

• byfilingwithourCorporateSecretaryaninstrumentinwritingrevokingtheproxy;

• byfilingwithourCorporateSecretaryadulyexecutedproxybearingalaterdate;

• byloggingontothewebsitespecifiedontheproxycard(orvotinginstructioncardifastockholderreceiveditsproxymaterialsfromabank,brokerorothernominee)inthesamemannerastockholderwouldtosubmititsproxyelectronicallyorbycallingthetoll-freenumberspecifiedontheproxycard(orvotinginstructioncard)priortotheannual

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meeting,ineachcaseifthestockholderiseligibletodoso,andfollowingtheinstructionsontheproxycard(orvotinginstructioncard);or

• byattendingtheannualmeetingandvotinginperson.

Simplyattendingtheannualmeetingwillnotrevokeaproxy.Intheeventofmultipleonlineortelephoneproxiessubmittedbyastockholder,eachproxywillsupersedeanyearlierdatedproxyandtheproxybearingthelatestdatewillbedeemedtobethefinalproxyofthatstockholderunlessthatproxyisrevoked.

Ifastockholderholdssharesin"streetname"throughitsbank,broker,orothernominee,andhasdirectedthatpersontovoteitsshares,itshouldinstructthatpersontochangeitsvote,orif,inthealternative,astockholderholdingsharesin"streetname"wishestovoteinpersonattheannualmeeting,thestockholdermustobtaina"legalproxy"fromthebank,broker,orothernomineeandpresentthe"legalproxy"attheannualmeeting.

Q: What should stockholders do now?

A: Aftercarefullyreadingandconsideringtheinformationcontainedinthisproxystatement,stockholdersshouldcompletetheirproxiesorvotinginstructioncardsassoonaspossiblesothattheirshareswillberepresentedandvotedattheannualmeeting.Stockholdersshouldfollowtheinstructionssetforthontheenclosedproxycard(orthevotinginstructioncardifastockholderreceiveditsproxymaterialsfromabank,broker,orothernominee).

Q: Who can answer my questions?

A: Ifyouhaveanyquestionsabouttheannualmeeting,needassistanceinvotingyoursharesorneedadditionalcopiesofthisproxystatementortheproxycard(orvotinginstructioncardifyoureceivedyourproxymaterialsfromabank,broker,orothernominee),youshouldcontact:

D.F.King&Co.,Inc.48WallStreet,22ndfloor

NewYork,NewYork10005(800)207-3158(TollFree)(212)269-5550(CallCollect)

or

TRIPointeGroup,Inc.19540JamboreeRoad,Suite300

Irvine,California92612Attention:InvestorRelationsTelephone:(949)478-8696

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PROPOSAL NO. 1 ELECTION OF DIRECTORS

Allofourdirectorsareelectedannuallyattheannualmeetingofstockholders.StockholdersarerequestedtoelectthesevennomineesnamedinthisproxystatementtoserveonourBoardofDirectorsuntilhisorhersuccessoriselectedandqualifiedoruntilhisorherearlierresignation,removal,ordeath.

Thenamesofthesevennomineesfordirectorandtheircurrentpositionsandofficeswithusaresetforthbelow.Eachofthenomineesisnowadirector.Detailedbiographicalinformationregardingeachofthesenomineesisprovidedin"BoardofDirectors—DirectorNominees."TheNominatingandCorporateGovernanceCommitteeofourBoardofDirectorshasreviewedthequalificationsofeachofthenomineesandhasrecommendedtoourBoardofDirectorsthateachnomineebesubmittedtoavoteattheannualmeeting.

Allofthenomineesforelectionhaveconsentedtobeingnamedinthisproxystatementandtoserveifelected.Ifanynomineeisunableorunwillingtoserve,ourBoardofDirectorsmaydesignateasubstitutenomineeorreducethesizeofourBoardofDirectors.IfourBoardofDirectorsdesignatesasubstitutenominee,proxiesmaybevotedforthatsubstitutenominee.OurBoardofDirectorsknowsofnoreasonwhyanynomineewillbeunableorunwillingtoserveifelected.Listedbelowarethesevennomineesforelectionasadirectorattheannualmeeting.

Name Age PositionMr.StevenJ.Gilbert 71 ChairmanoftheBoardMr.DouglasF.Bauer 57 ChiefExecutiveOfficerandDirectorMr.LawrenceB.Burrows 66 IndependentDirectorMr.DanielS.Fulton 70 IndependentDirectorMs.VickiD.McWilliams 61 IndependentDirectorMs.ConstanceB.Moore 63 IndependentDirectorMr.ThomasB.Rogers 79 IndependentDirector

Required Vote

Eachnomineeforelectionasadirectorwillbeelectedifthenumberofvotescast"FOR "thenominee'selectionexceedsthenumberofvotescast"AGAINST "thenominee'selection.Abstentionsand"brokernon-votes"willnotbecountedasvotescastandwillnotaffecttheoutcomewithregardtothisproposal.Thereisnocumulativevotingintheelectionofdirectors.

Director Resignation Policy

Underourdirectorresignationpolicy,anyincumbentdirectorwhoisnotre-electedmustpromptlytenderawrittenofferofresignationasadirector.TheNominatingandCorporateGovernanceCommitteewillconsidertheresignationofferandrecommendtotheBoardofDirectorswhethertoacceptorrejecttheresignationoffer,orwhetherotheractionshouldbetaken.IndeterminingwhethertorecommendthattheBoardofDirectorsacceptanyresignationoffer,theNominatingandCorporateGovernanceCommitteewillbeentitledtoconsiderallfactorsbelievedrelevantbytheNominatingandCorporateGovernanceCommittee'smembers,including,butnotlimitedto:(i)anystatedorperceivedreasonsforthedirectornotreceivingamajorityvote,(ii)anyalternativesforcuringtheunderlyingcauseofthevotesagainst,(iii)thedirector'stenure,(iv)thedirector'squalifications,(v)thedirector'spastandexpectedfuturecontributionstotheBoardofDirectors,and(vi)theoverallcompositionoftheBoardof

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Directors,includingwhetheracceptingtheresignationwouldcauseustofailtomeetanyapplicableSECorNYSErequirementsorviolateanyofourmaterialagreements.

Indeterminingwhatactiontorecommendortakeregardingadirector'sresignation,eachoftheNominatingandCorporateGovernanceCommitteeandtheBoardofDirectorsmayconsiderarangeofalternativesasitdeemsappropriate,including,butnotlimitedto:(i)acceptingtheresignationoffer,(ii)rejectingtheresignationoffer,(iii)rejectingtheresignationoffertoallowthedirectortoremainontheBoardofDirectorsbutagreeingthatthedirectorwillnotbenominatedforre-electiontotheBoardofDirectorsatthenextelectionofdirectors,(iv)deferringacceptanceoftheresignationofferuntiltheBoardofDirectorscanfindareplacementdirectorwiththenecessaryqualificationstofillthevacancythatacceptingtheresignationofferwouldcreate,or(v)deferringacceptanceoftheresignationofferifthedirectorcancuretheunderlyingcausefornotreceivingamajorityvotewithinaspecifiedperiodoftime.

TheBoardofDirectorswillactontheNominatingandCorporateGovernanceCommittee'srecommendationwithin90daysfollowingthecertificationofthestockholdervote.Indecidingwhethertoaccepttheresignationoffer,theBoardofDirectorswillconsiderthefactorsconsideredbytheNominatingandCorporateGovernanceCommitteeandanyadditionalinformationandfactorstheBoardofDirectorsbelievestoberelevant.IftheBoardofDirectorsacceptsadirector'sresignationofferpursuanttothisprocess,theNominatingandCorporateGovernanceCommitteewillrecommendtotheBoardofDirectorsandtheBoardofDirectorswillthereafterdeterminewhethertofillsuchvacancyorreducethesizeoftheBoardofDirectors.AnydirectorwhotendershisorherresignationpursuanttothisprovisionwillnotparticipateintheproceedingsofeithertheNominatingandCorporateGovernanceCommitteeortheBoardofDirectorswithrespecttohisorherownresignationoffer.IfotherdirectorswhoaremembersoftheNominatingandCorporateGovernanceCommitteedidnotreceiveamajorityvoteinthesameuncontestedelectionofdirectors,sothataquorumoftheNominatingandCorporateGovernanceCommitteecannotbeachieved,thentheotherindependentdirectorsontheBoardofDirectorswhoreceivedamajorityofvotescastinthatelectionwillconsidersuchresignationofferandrecommendtotheBoardofDirectorswhethertoacceptorrejecttheresignationoffer,orwhetherotheractionshouldbetaken,regardingtheresignationofeachdirectorwhodidnotreceiveamajorityvote.

Our Board of Directors recommends that stockholders vote "FOR" the election of each of the seven nominees to our Board ofDirectors.

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PROPOSAL NO. 2RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

TheAuditCommitteehasapprovedtheappointmentofErnst&YoungLLPasourindependentregisteredpublicaccountingfirmforthefiscalyearendingDecember31,2019andhasfurtherrecommendedthatourBoardofDirectorssubmittheselectionofourindependentregisteredpublicaccountingfirmforratificationbystockholdersattheannualmeeting.Ernst&YoungLLPhasservedasourindependentregisteredpublicaccountingfirmsince2010.RepresentativesofErnst&YoungLLPareexpectedtobepresentattheannualmeeting.Theywillhaveanopportunitytomakeastatementiftheysodesireandwillbeavailabletorespondtoappropriatequestions.

NoneofourBylaws,ourCertificateofIncorporation,oranyothergoverningdocumentsorapplicablelawrequiresstockholderratificationoftheselectionofErnst&YoungLLPasourindependentregisteredpublicaccountingfirm.However,ourBoardofDirectorsissubmittingtheselectionofErnst&YoungLLPtostockholdersforratificationasamatterofgoodcorporatepractice.Ifthestockholdersfailtoratifytheselection,theAuditCommitteewillreconsiderwhetherornottoretainErnst&YoungLLP,butmay,nonetheless,retainErnst&YoungLLPasourindependentregisteredpublicaccountingfirm.Eveniftheselectionisratified,theAuditCommittee,initsdiscretion,maychangetheappointmentatanytimeifitdeterminesthatsuchachangewouldbeinthebestinterestofstockholders.ForinformationconcerningfeesbilledtousforthefiscalyearsendedDecember31,2017and2018,see"AuditCommitteeMatters—IndependentRegisteredPublicAccountingFirmFees."

Required Vote

Thisproposalmustbeapprovedbytheaffirmativevoteoftheholdersofstockhavingamajorityofthevotesthatcouldbecastbystockholdersentitledtovoteontheproposalthatarepresentinpersonorbyproxyattheannualmeeting.Abstentionswillbetreatedasbeingpresentandentitledtovote,andwillhavetheeffectofavoteagainst,withregardtothisproposal.Thisproposalisconsidered"routine,"thereforebanks,brokersorothernomineesmayexercisetheirvotingdiscretionintheabsenceofspecificinstructionswithregardtothisproposal.

Our Board of Directors recommends that stockholders vote "FOR" the ratification of the appointment of Ernst & YoungLLP as our independent registered public accounting firm for 2019.

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BOARD OF DIRECTORS

Composition of our Board of Directors

OurCertificateofIncorporationprovidesthattheauthorizednumberofdirectorsshallnotbefewerthanthreeandshallbefixedfromtimetotimesolelybyresolutionadoptedbyaffirmativevoteofamajorityofdirectorstheninoffice.OurBoardofDirectorscurrentlyconsistsofsevendirectors.

PursuanttoouremploymentagreementwithMr.Bauer,wehaveagreedthatwhileheisemployedunderthatagreement,wewillnominatehimforre-electionasamemberofourBoardofDirectors.See"ExecutiveCompensation—EmploymentAgreementsandPerformance-BasedRSUAwards."

Director Nominees

ThenomineesforelectiontoourBoardofDirectors,togetherwithbiographicalinformationfurnishedbyeachofthemandinformationregardingeachnominee'squalifications,aresetforthbelow.Therearenofamilyrelationshipsamongourexecutiveofficersanddirectors.

DOUGLASF.BAUER,57,hasservedasourChiefExecutiveOfficerandasamemberofourBoardofDirectorssinceJanuary30,2013.HewasamemberofTRIPointeHomes,LLC's("TPHLLC")boardofmanagerspriortoitsconversionintoacorporation.PriortoformingTPHLLCinApril2009,from1989to2009,Mr.Bauerservedinseveralcapacities,includingmostrecentlythePresidentandChiefOperatingOfficer,forWilliamLyonHomes,ahomebuildingcompanywhosecommonstockwaslistedontheNYSEfrom1999untilthecompanywastakenprivatein2006.HispriortitlesatWilliamLyonHomesalsoincludedChiefFinancialOfficerand,priorthereto,PresidentofitsNorthernCaliforniaDivision.Priortohis20-yeartenureatWilliamLyonHomes,Mr.BauerspentsevenyearsatSecurityPacificNationalBankinLosAngeles,Californiainvariousfinancialpositions.Mr.Bauerhasmorethan30yearsofexperienceintherealestatefinance,developmentandhomebuildingindustry.Mr.BauerhasbeeninvolvedinbothlegislativeeffortsandcommunityenhancementprogramsthroughhisinvolvementintheCaliforniaBuildingIndustryAssociationandHomeAidOrangeCounty,acharitableorganizationwiththemissionofbuildingorrenovatingsheltersforthetemporarilyhomeless,whichservesindividualsandfamilieswhofindthemselveswithoutshelterduetosuchfactorsasdomesticviolence,jobloss,catastrophicillnessandcrisispregnancy.Mr.BauerreceivedhisB.A.fromtheUniversityofOregonandlaterreceivedhisM.B.A.fromtheUniversityofSouthernCalifornia.AsourChiefExecutiveOfficer,Mr.Bauerhasintimateknowledgeofourbusinessandoperations,andheprovidesourBoardofDirectorswithextensiveexperienceinrealestatefinance,operationsanddevelopment,aswellasafamiliaritywiththeworkingsofthehomebuildingindustry.

LAWRENCEB.BURROWS,66,hasservedasamemberofourBoardofDirectorssinceJuly7,2014.Mr.BurrowsservedasanexecutiveofficeroftheWeyerhaeuserCompanyfrom2008through2013,whenheretiredafter25yearswiththecompany.HewasSeniorVicePresidentofWoodProductsforWeyerhaeuserCompanyfrom2010through2013.From2008to2010,Mr.BurrowswasPresidentandChiefExecutiveOfficerofWeyerhaeuserRealEstateCompany("WRECO").PriortobecomingWRECO'sPresidentandChiefExecutiveOfficer,heservedasPresidentofWinchesterHomes,aWRECOsubsidiary,from2003to2008.Currently,Mr.BurrowsservesontheBoardofConnorIndustries,aprivately-heldindustrialwoodandpackagingsolutionscompany.HealsoservesasChairoftheDean'sAdvisoryBoardoftheEdwardJ.BlousteinSchoolofPlanningandPublicPolicyatRutgersUniversitywhereheisalsoaSeniorPlanningFellow.Mr.BurrowsisalsoanofficerandTreasurerofthenon-profitChesapeakeMulti-CulturalResourceCenter.BeforejoiningWeyerhaeuserCompanyand

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WRECO,Mr.Burrowswasarealestateconsultantanddeveloper.Mr.BurrowsservedontheBoardofHabitatforHumanity,Seattle/KingCounty,andHomeAidofNorthernVirginia.Mr.BurrowsearnedaB.A.fromRutgersUniversity,aMastersinCityPlanningfromtheUniversityofPennsylvania,andisagraduateoftheWhartonSchoolofBusinessAdvancedManagementProgram.HeistheauthorofGrowthManagement:Issues,TechniquesandPolicyImplications,publishedbytheCenterforUrbanPolicyResearchatRutgersUniversity.OurBoardofDirectorsbelievesthatMr.Burrows'experienceinrealestatedevelopmentandhomebuildingisatremendousbenefittoourBoardofDirectors.

DANIELS.FULTON,70,hasservedasamemberofourBoardofDirectorssinceJuly7,2014.Mr.FultonservedasPresident,ChiefExecutiveOfficerandamemberoftheboardofdirectorsofWeyerhaeuserCompanyfrom2008through2013,whenheretiredafternearly38yearswiththecompany.PriortobecomingWeyerhaeuserCompany'sChiefExecutiveOfficer,Mr.FultonservedasthePresidentandChiefExecutiveOfficerofWRECOfrom2001to2008.DuringMr.Fulton'stenureasWeyerhaeuserCompany'sChiefExecutiveOfficer,hewasamemberoftheBusinessRoundtable(BRT),whereheservedasthechairoftheBRTHousingSubcommittee,andservedontheboardsofanumberofindustryassociations,includingNAFO(theNationalAllianceofForestOwners),NAREIT(NationalAssociationofRealEstateInvestmentTrusts),SFI(SustainableForestInitiative)andtheAF&PA(AmericanForestandPaperAssociation).Mr.FultonisthepastchairoftheWashingtonRoundtable,wherehecontinuesasamember,andisthepastchairofthePolicyAdvisoryBoardoftheJointCenterforHousingStudiesatHarvardUniversity,wherehecontinuestoserveasanExecutiveFellow.Mr.FultonisadirectorofSaltchukResources,aprivately-ownedcompanyprimarilyengagedintransportationanddistribution,andamemberoftheAdvisoryBoardfortheFosterSchoolofBusinessattheUniversityofWashington.HeisalsoadirectorofGreenDiamondResourceCompany,aprivately-held,Seattle-basedtimbercompany.Mr.FultongraduatedwithaB.A.ineconomicsfromMiamiUniversity(Ohio)in1970.HereceivedanM.B.A.infinancefromtheUniversityofWashingtonin1976,andhecompletedtheStanfordUniversityExecutiveProgramin2001.From1970to1974,heservedonactivedutyasanofficerintheU.S.NavySupplyCorps.OurBoardofDirectorsbelievesthatMr.Fulton'sextensiveexperienceinrealestatefinanceanddevelopment,alongwithhisexecutiveandleadershipexperience,makeshimavaluablecontributortoourBoardofDirectors.

STEVENJ.GILBERT,71,hasservedasadirectoronourBoardofDirectorssinceJanuary30,2013.Mr.GilbertisChairmanoftheBoardofGilbertGlobalEquityPartners,L.P.,abilliondollarprivateequityfund,andhasservedinthiscapacitysince1998.HeisalsoadirectorofFairholmeFunds(Nasdaq:FAIRX),anopen-endinvestmentcompany;SeniorAdvisortoContinentalGrain;adirectorofMBIA,Inc.,(NYSE:MBI)andOaktreeCapitalGroup(NYSE:OAK);andistheLeadIndependentDirectoroftheEmpireStateRealtyTrust(NYSE:ESRT).HeisViceChairmanofMidOceanEquityPartners,LP,andservedastheViceChairmanofStoneTowerCapitalfromJanuary2007untilApril2012andastheSeniorManagingDirectorandChairmanofSunGroup(USA)until2009.From1992to1997hewasaFounderandManagingGeneralPartnerofSorosCapitalL.P.,theprincipalventurecapitalandleveragedtransactionentityoftheQuantumGroupofFunds,andaprincipalAdvisortoQuantumIndustrialHoldingsLtd.From1988to1992,hewastheManagingDirectorofCommonwealthCapitalPartners,L.P.,aprivateequityinvestmentfirm.Priortothat,from1984to1988,Mr.GilbertwastheManagingGeneralPartnerofChemicalVenturePartners(nowJ.P.MorganCapitalPartners),whichhefounded.Mr.GilbertwasadmittedtotheMassachusettsBarin1970andpracticedlawatGoodwinProcter&HoarinBoston,Massachusetts.HewasanassociateincorporatefinanceatMorganStanley&Co.from1972to1976,aVicePresidentatWertheim&Co.,Inc.from1976to1978andaManagingDirectoratE.F.HuttonInternationalfrom1978to1980.Mr.GilbertwasrecentlyChairmanoftheBoardofDuraAutomotiveSystems,Inc.,ChairmanofCPMHoldings,TrueTemperSportsandaDirectorofJ.O.HambroCapitalManagementGroupandtheAsianInfrastructureFund.Previously,Mr.GilberthasbeenaDirectorofnumerouscompanies,includingMontpelierRe,OlympusTrust,OfficeDepot,Inc.,

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Funk&Wagnalls,Inc.,ParkerPenLimited,PigglyWigglySouthern,Inc.,CoastCommunityNews,Inc.,GTS-Duratek,MagnavoxElectronicSystemsCompany,UroMedCorporation,StarCityCasinoHoldings,Ltd.,KatzMediaCorporation,AirportGroupInternational,BataviaInvestmentManagement,Ltd.,AffinityFinancialGroup,Inc.,ESATTelecom,Ltd.,ColepHolding,Ltd.,NFOWorldwide,TerraNova(Bermuda)Holdings,LimitedandVeritas-DCG.Hewastheprincipalowner,ChairmanandChiefExecutiveOfficerofLion'sGateFilmsfrom1980to1984.Mr.GilbertisamemberoftheCouncilonForeignRelationsandtheGlobalAgendaCouncilonCapitalFlowsoftheWorldEconomicForumandamemberoftheBoardofGovernorsoftheLauderInstitute.Mr.GilbertreceivedhisB.A.fromtheWhartonSchoolattheUniversityofPennsylvania,hisJ.D.fromtheHarvardLawSchoolandhisM.B.A.fromtheHarvardGraduateSchoolofBusiness.Mr.GilbertprovidesourBoardofDirectorswithvastinvestmentmanagementandleadershipexperience,andhispriorandcurrentserviceasadirectorofnumerouspublicly-heldcompaniesallowshimtomakevaluablecontributionstoourBoardofDirectors.

VICKID.McWILLIAMS,61,hasservedasamemberofourBoardofDirectorssinceJuly19,2018.ShehasservedasExecutiveVicePresidentofStoresforWilliams-Sonoma,Inc.(NYSE:WSM),aspecialtyretailerofhigh-qualityproductsforthehome,since2008.Herresponsibilitiesincludeleadingapproximately20,000associatesin620stores,aswellasthecustomercarefunction.Ms.McWilliams’responsibilitiesincludedevelopingretailstrategies,humanresources,profitandloss,margin,customerservice,innovationinserviceofferings,productfeedback,andrealestaterelocationsandremodels.PriortojoiningWilliams-Sonoma,Ms.McWilliamsheldseveralpositionsatNordstrom(NYSE:JWN)duringher29-yeartenurewiththeCompany.From1996to2008,sheservedasExecutiveVicePresident,leadingstoresinNorthernCaliforniaandWashington,D.C.Herresponsibilitiesincludedoverseeingstores,developingretailstrategies,distributioncenters,productdevelopment,annualbudgets,andnetincome.PriortoherEVProle,Ms.McWilliamsheldvariouspositionsatNordstrom,includingleadingthelargeststore,SanFranciscoCentre,andservinginbuyingrolesearlierinhercareer.Ms.McWilliamsreceivedherB.A.inClothingandTextilesfromWashingtonStateUniversity.Ms.McWilliamswashonoredbytheSanFranciscoBoardofSupervisorsin2006forexcellenceinbusinesspartnership,servedontheJuvenileDiabetesSanFranciscoBoardofDirectorsforovertenyears,andhasleadcampaignsforboththeUnitedWayandSt.Jude’s.Mrs.McWilliamsprovidesourBoardofDirectorswithexpertiseinconsumerretailandthenewhomespaceandprovidestheBoardofDirectorswithvaluableinsightsregardingthecustomerexperience.

CONSTANCEB.MOORE,63,hasservedasamemberofourBoardofDirectorssinceJuly7,2014.ShehasservedasadirectorofCiveoCorporation(NYSE:CVEO)sinceJune2014.ShehasservedasadirectorofColumbiaPropertyTrust(NYSE:CXP)sinceNovember2017andasadirectorofStriveCommunities,aprivatecompany,sinceJanuary2019.Ms.MooreservedasaDirectorofBREProperties,Inc.(NYSE:BRE)fromSeptember2002untilBREwasacquiredinApril2014.Ms.MooreservedasPresidentandChiefExecutiveOfficerofBREfromJanuary2005untilApril2014,servedasPresidentandChiefOperatingOfficerfromJanuary2004untilDecember2004andservedasExecutiveVicePresident&ChiefOperatingOfficerfromSeptember2002toDecember2003.Ms.Moorehasmorethan40yearsofexperienceintherealestateindustry.PriortojoiningBREin2002,shewasamanagingdirectorofSecurityCapitalGroup&Affiliates.From1993to2002,Ms.MooreheldseveralexecutivepositionswithSecurityCapitalGroup,includingco-chairmanandchiefoperatingofficerofArchstoneCommunitiesTrust.Ms.MooreholdsanM.B.A.fromtheUniversityofCalifornia,Berkeley,HaasSchoolofBusinessandabachelor'sdegreefromSanJoseStateUniversity.In2009,sheservedaschairoftheNAREIT.Currently,sheisthechairoftheFisherCenterforRealEstateandUrbanEconomicsPolicyAdvisoryBoardatUCBerkeley,aGovernorandaTrusteeoftheUrbanLandInstituteandservesontheBoardoftheUrbanLandInstituteFoundationandtheUrbanLandGlobalBoardofDirectors,servesontheboardofBridgeHousingCorporation,servesontheboardoftheHaasSchoolofBusinessatUCBerkeley,andservesontheboardoftheTowerFoundationatSanJoseStateUniversity.OurBoard

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ofDirectorsbelievesthatMs.Mooreprovidesitwithsignificantleadershipandrealestatemanagementexperience.

THOMASB.ROGERS,79,hasservedasadirectorofourBoardofDirectorssinceJanuary30,2013.UntilhisretirementinJanuary2009,Mr.RogersservedasExecutiveVicePresidentinchargeofCityNationalBank'sSouthernRegion.Inthatposition,heoversawthedeliveryofcommercialbanking,privateclientandwealthmanagementservicestoclientsthroughoutOrangeCounty,thegreaterSanDiegoareaandtheInlandEmpire.BeforejoiningCityNationalBankin2000,Mr.RogersservedforeightyearsasSeniorVicePresidentandTreasurerofTheIrvineCompany.Priortothat,Mr.Rogersspentmorethan25yearswithtwomajorfinancialinstitutions.Specifically,heservedasExecutiveVicePresidentandDivisionAdministratorofSecurityPacificNationalBank'sRealEstateIndustriesGroup,SouthernDivision,andpriortothatwasSeniorVicePresidentandChiefCreditOfficerforSecurityPacific'sCaliforniaCorporateGroup.Hispreviousbankingcareeralsoincluded15yearswiththeNationalBankofDetroitincorporatelendingassignments.Inhisretirement,Mr.RogersservedasChairmanoftheBoardofDirectorsofPlazaBancorpandPlazaBank,untilitssaleonNovember1,2017.HeservesontheBoardofDirectorsofMemorialHealthServices,anotforprofit,fourhospital,integratedhealthcareorganizationheadquarteredinFountainValley,California.Mr.RogersreceivedhisB.A.inBusinessAdministrationfromEasternMichiganUniversity,attendedgraduateschoolatWayneStateUniversityinDetroit,andcompletedthecurriculumoftheGraduateSchoolofBankingattheUniversityofWisconsininMadisonandtheNationalCommercialLendingSchoolattheUniversityofOklahoma.Mr.RogersprovidesourBoardofDirectorswithawealthoffinancialmanagementknowledge,andhisextensiveexecutiveandleadershipexperiencemakeshimavaluablecontributortoourBoardofDirectors.

Qualifications and Characteristics for Directors

OurBoardofDirectorsbelievesthattheBoard,asawhole,shouldpossessacombinationofskills,professionalexperienceanddiversityofbackgroundsnecessarytooverseeourbusiness.Inaddition,ourBoardofDirectorsbelievestherearecertainattributeseverydirectorshouldpossess,includinghighpersonalandprofessionalethicalstandards,practicalwisdom,maturejudgmentandintegrity.OurBoardofDirectorsseeksout,andourBoardofDirectorsiscomprisedof,individualswhosebackgroundandexperiencecomplementthoseofourotherdirectors.Accordingly,ourBoardofDirectorsandtheNominatingandCorporateGovernanceCommitteeconsiderthequalificationsofdirectorsanddirectorcandidatesindividuallyandinthebroadercontextofourBoardofDirectors'overallcompositionandourcurrentandfutureneeds.OurBoardofDirectorsbelievesthateachdirectornomineepossessesthequalitiesandexperiencethatourBoardofDirectorsandtheNominatingandGovernanceCommitteebelieveareimportant,asdescribedinfurtherdetailbelowinthesectionentitled"CorporateGovernance—CommitteesofourBoardofDirectors—NominatingandCorporateGovernanceCommittee."

IndeterminingtonominateMessrs.BurrowsandFulton,ourBoardofDirectorsconsideredtheirpriorserviceasexecutiveofficersofWRECO,withwhichwecompletedamergertransactioninJuly2014,andWRECO'sformerparent,WeyerhaeuserCompany,alargepubliclytradedcompanythatisnotaffiliatedwithTRIPointe.Messrs.BurrowsandFultonceasedservingasexecutiveofficersofWRECOmorethanfiveyearsagoin2010and2008,respectively,andceasedservingasexecutiveofficersofWeyerhaeuserCompanyin2013,theyearbeforetheywereappointedtoourBoardofDirectors.Moreover,followingtheWRECOmergertransaction,theseniormanagementofTRIPointeremainedinplaceandWRECO'sprincipalexecutiveandfinancialofficersdepartedandwerereplacedbyexecutiveofficersofTRIPointe.TheseniorleadersofWRECO'shomebuildingsubsidiariesnowreporttoTRIPointe'sseniorexecutiveteam.Thus,indeterminingtonominateMessrs.BurrowsandFulton,our

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BoardofDirectorsconcludedthatMessrs.BurrowsandFultonhadnosubstantialconnectionstoWRECO'smanagementthatwouldimpacttheirabilitytoexerciseindependentjudgment.OurBoardofDirectorsalsoconcludedthattheirextensiverealestateindustryexperience,whichincludesexperienceinhomebuilding,realestatefinanceanddevelopment,makeMessrs.BurrowsandFultonvaluablecontributorstoourBoardofDirectors.

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CORPORATE GOVERNANCE

Corporate Governance Highlights

ü SeparateindependentChairmanofourBoardofDirectorsandChiefExecutiveOfficer("CEO") ü AlldirectorsareindependentunderNYSEstandards,exceptCEO

ü Audit,CompensationandNominatingandCorporateGovernanceCommitteesareeachcomprisedsolelyofindependentdirectors

ü Annualelectionofdirectors

ü Majorityvotinginuncontesteddirectorelections

ü Directorresignationpolicyrequiringincumbentdirectorswhoarenotre-electedtotenderpromptlyawrittenofferofresignation

ü Stockownershipguidelinesforourdirectorsandexecutiveofficers

ü Policyforrecoupmentofexecutiveofficerincentivebasedcompensationintheeventofcertainrestatementsofourfinancialresults

ü Regularexecutivesessionsofindependentdirectors

Director Independence

OurBoardofDirectorshasdeterminedthatsixofitsdirectors,Mses.McWilliamsandMooreandMessrs.Burrows,Fulton,Gilbert,andRogers,constitutingamajorityofdirectors,satisfythelistingstandardsforindependenceoftheNYSE.

Thenon-managementdirectorsmeetregularlyinexecutivesessionsoutsidethepresenceofmanagement,andMr.Gilbert,asChairmanofourBoardofDirectors,currentlypresidesatallexecutivesessionsofthenon-managementdirectors.

Leadership Structure of our Board of Directors

OurCorporateGovernanceGuidelinesprovidethatourBoardofDirectorsisfreetoselectaChairmaninthemanneritconsiderstobeinourbestinterestandthattherolesofChairmanofourBoardofDirectorsandChiefExecutiveOfficermaybefilledbyasingleindividualortwodifferentpersons.In2014,ourBoardofDirectorsamendedourBylawstoprovidethatthepositionofChairmanofourBoardofDirectorsisnotanofficerposition.ThisprovidesourBoardofDirectorswithflexibilitytodecidewhatleadershipstructureisinourbestinterestsatanypointintime.Currently,twodifferentpersonsserveintheseroles:Mr.GilbertservesasChairmanofourBoardofDirectorsandMr.BauerservesasChiefExecutiveOfficer.Atthistime,ourBoardofDirectorshasdeterminedthathavingMr.GilbertserveasChairmanofourBoardofDirectorsandMr.BauerserveasChiefExecutiveOfficerisinourbestinterest,asitallowsMr.GilberttofocusontheeffectivenessofourBoardofDirectorsandoversightofourseniormanagementteamwhileMr.Bauerfocusesonexecutingourstrategyandmanagingourbusiness.Inthefuture,however,ourBoardofDirectorsmaydeterminethatitisinourbestinteresttohaveasingleindividualserveasbothChairmanofourBoardofDirectorsandChiefExecutiveOfficer.

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Role of our Board of Directors in Risk Oversight

OneofthekeyfunctionsofourBoardofDirectorsisinformedoversightoftheriskmanagementprocess.OurBoardofDirectorsadministersthisoversightfunctiondirectly,withsupportfromthreeofitsstandingcommittees—theAuditCommittee,theCompensationCommittee,andtheNominatingandCorporateGovernanceCommittee,eachofwhichaddressesrisksspecifictoitsrespectiveareasofoversight.ThefullBoardofDirectorsmonitorsrisksthroughregularreportsfromeachofthecommitteechairs,andisapprisedofparticularriskmanagementmattersinconnectionwithitsgeneraloversightandapprovalofcorporatematters.Inconnectionwithitsreviewsofouroperationsandcorporatefunctions,ourBoardofDirectorsaddressestheprimaryrisksassociatedwiththoseoperationsandcorporatefunctions.Inaddition,ourBoardofDirectorsreviewstherisksassociatedwithourbusinessstrategiesperiodicallythroughouttheyearaspartofitsconsiderationofundertakinganysuchbusinessstrategies.

Inconnectionwithitsriskmanagementrole,theAuditCommitteeconsidersanddiscusseswithmanagementourmajorfinancialriskexposuresandthestepsmanagementtakestomonitorandcontroltheseexposures.TheAuditCommitteeoverseesthepoliciesandprocessesrelatingtofinancialstatements,financialreportingprocesses,complianceandauditing,aswellastheguidelines,policiesandprocessesformonitoringandmitigatingrelatedrisks.TheAuditCommitteealsomonitorscompliancewithlegalandregulatoryrequirements,inadditiontooversightoftheperformanceofourinternalauditfunction.TheCompensationCommitteeassessesandmonitorswhetheranyofourcompensationpoliciesandprogramshavethepotentialtoencourageexcessiverisk-takingandreviewsanddiscusses,atleastannually,therelationshipbetweenriskmanagementpoliciesandpractices,businessstrategyandourcompensationpoliciesandprograms.Basedonthisoversightapproach,wedonotbelievethatourpresentemployeecompensationpoliciesandprogramsarelikelytohaveamaterialadverseeffectonus.TheNominatingandCorporateGovernanceCommitteeprovidesoversightwithrespecttocorporategovernanceandethicalconductandmonitorstheeffectivenessofourCorporateGovernanceGuidelines,includingwhethersuchguidelinesaresuccessfulinpreventingillegalorimproperliability-creatingconduct.Inperformingtheirrespectivefunctions,eachcommitteehasfullaccesstomanagement,aswellastheabilitytoengageadvisors.

Itisneitherfeasiblenordesirabletoattempttomonitororeliminateallrisk.Accordingly,wenecessarilyface,andwillcontinuetoface,avarietyofrisksintheconductofourbusinessandtherecanbenoassurancethatourBoardofDirectorsandcommittees'oversightwillbeeffectiveinidentifyingandaddressingallmaterialrisks.TheforegoingdescriptionoftheroleofourBoardofDirectorsinriskoversightdoesnotexpressorimplyanyadditionalorspecialduties,thedutiesofdirectorsbeingonlythoseprescribedbyapplicablelaw,norisitarepresentationastotheexistenceornon-existenceoffactsrelatingtorisksassociatedwithourbusiness.

Meetings of our Board of Directors

OurBoardofDirectorsheldfourmeetingsduringfiscalyear2018.EachmemberofourBoardofDirectorsattended75%ormoreoftheaggregatenumberofmeetingsofourBoardofDirectors,andofthecommitteesonwhichheorshewasserving,heldduringfiscalyear2018.InaccordancewithourCorporateGovernanceGuidelines,weinviteandgenerallyexpectourdirectorstoattendtheannualmeeting.AllofthemembersofourBoardofDirectorsattendedthe2018annualmeetingofstockholders.

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Committees of our Board of Directors

OurBylawspermitourBoardofDirectorstodesignateoneormorecommittees,including(i)anAuditCommittee,(ii)aCompensationCommitteeand(iii)aNominatingandCorporateGovernanceCommittee.Thecurrentmembersofeachofthesecommitteesaresetforthinthefollowingtable:

Name Audit Compensation Nominating and

Corporate GovernanceLawrenceB.Burrows XDanielS.Fulton X X StevenJ.Gilbert X X*VickiD.McWilliams X X ConstanceB.Moore X X* ThomasB.Rogers X* X__________*CommitteeChair

TheAudit,Compensation,andNominatingandCorporateGovernancecommitteeseachhaveawrittencharterthatisavailableonourwebsiteatwww.tripointegroup.comintheCorporateGovernance—GovernanceDocumentssectionoftheInvestorswebpage.WealsohaveanExecutiveLandCommittee,comprisedofMessrs.Burrows,Fulton,andGilbert,whichreviewsandapproveslandacquisitionsordispositionswithapurchasepricegreaterthan$30millionbutlessthan$75million.

Audit Committee . TheAuditCommitteeofourBoardofDirectors,pursuanttoitswrittencharter,oversees,amongothermatters:

• ourfinancialreporting,auditingandinternalcontrolactivities;

• theintegrityandauditsofourfinancialstatements;

• ourcompliancewithlegalandregulatoryrequirements;

• thequalificationsandindependenceofourindependentauditors;

• theperformanceofourinternalauditfunctionandindependentauditors;and

• ouroverallriskexposureandmanagement.

DutiesoftheAuditCommitteealsoincludethefollowing:

• annuallyreviewingandassessingtheadequacyoftheAuditCommitteecharterandtheperformanceoftheAuditCommittee;

• beingresponsiblefortheappointment,retentionandterminationofourindependentauditorsanddeterminingthecompensationofourindependentauditors;

• reviewingwiththeindependentauditorstheplansandresultsoftheauditengagement;

• evaluatingthequalifications,performanceandindependenceofourindependentauditors;

• havingsoleauthoritytoapproveinadvanceallauditandnon-auditservicesbyourindependentauditors,thescopeandtermsthereof,andthefeestherefor;

• reviewingtheadequacyofourinternalaccountingcontrols;

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• periodicallyreviewingwithmanagementourcybersecurityprogram;

• meetingatleastquarterlywithourseniormanagementteam,internalauditstaffandindependentauditorsinseparateexecutivesessions;and

• preparingtheAuditCommitteereportrequiredbySECregulationstobeincludedinourannualproxystatement.

TheAuditCommitteeiscurrentlycomprisedoffourdirectors,Messrs.RogersandFultonandMses.McWilliamsandMoore,eachofwhomisanon-employeeandsatisfiestheindependencerequirementsundertheapplicablelistingstandardsoftheNYSEandtheapplicablerulesoftheSEC,andotherwisesatisfiestheapplicablerequirementsforauditcommitteeserviceimposedbytheExchangeAct,theNYSE,aswellasanyotherapplicablelegalorregulatoryrequirements.OurBoardofDirectors,initsbusinessjudgment,hasdeterminedthateachofthesemembersis"financiallyliterate"undertherulesoftheNYSE.Mr.RogersservesastheChairpersonoftheAuditCommittee.OurBoardofDirectorshasdesignatedMr.RogersastheAuditCommittee"financialexpert,"asthattermisdefinedbytheSEC.TheAuditCommitteemetfourtimesduringfiscalyear2018.

Compensation Committee . TheCompensationCommitteeofourBoardofDirectors,pursuanttoitswrittencharter,hasthefollowingresponsibilities,amongothers:

• assistsourBoardofDirectorsindevelopingandevaluatingpotentialcandidatesforexecutiveofficerpositionsandoverseeingthedevelopmentofexecutivesuccessionplans;

• administers,reviewsandmakesrecommendationstoourBoardofDirectorsregardingourcompensationplans;

• annuallyreviewsandapprovesourcorporategoalsandobjectiveswithrespecttocompensationforexecutiveofficersand,atleastannually,evaluateseachexecutiveofficer'sperformanceinlightofsuchgoalsandobjectivestoseteachexecutiveofficer'sannualcompensation,includingsalary,bonusandequityandnon-equityincentivecompensation,subjecttoapprovalbyourBoardofDirectors;

• providesoversightofmanagement'sdecisionsregardingtheperformance,evaluationandcompensationofotherofficers;

• reviewsourincentivecompensationarrangementstoconfirmthatincentivepaydoesnotencourageunnecessaryrisk-takingandreviewsanddiscusses,atleastannually,therelationshipbetweenriskmanagementpoliciesandpractices,businessstrategyandourexecutiveofficers'compensation;

• assistsmanagementincomplyingwithourproxystatementandannualreportdisclosurerequirements;

• discusseswithmanagementthecompensationdiscussionandanalysisrequiredbySECregulations;and

• preparesareportonexecutivecompensationtobeincludedinourannualproxystatement.

TheCompensationCommitteemayform,anddelegateauthorityto,subcommitteeswhenitdeemsappropriatetotheextentpermittedunderapplicablelaw.Inaddition,theCompensationCommitteemaydelegatesomeorallofitsauthorityunderour2013Long-TermIncentivePlan(the"2013LTIP")toourBoardofDirectorsor,subjecttoapplicablelaw,toourChiefExecutiveOfficerorsuch

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otherexecutiveofficerastheCompensationCommitteedeemsappropriate;provided,thattheCompensationCommitteemaynotdelegateitsauthorityunderthe2013LTIPtoourChiefExecutiveOfficeroranyotherofficerwithregardtotheselectionforparticipationinthe2013LTIPofanexecutiveofficer,director,orotherpersonsubjecttoSection16oftheExchangeActordecisionsconcerningthetiming,price,oramountofanawardtosuchanofficer,director,orotherperson.

TheCompensationCommitteeiscurrentlycomprisedoffourdirectors,Mses.McWilliamsandMooreandMessrs.FultonandGilbert,eachofwhomisanon-employeeand(i)satisfiestheindependencerequirementsundertheapplicablelistingstandardsoftheNYSEandtheapplicablerulesoftheSEC,(ii)otherwisesatisfiestheapplicablerequirementsforcompensationcommitteeserviceimposedbytheExchangeActandtheNYSE,(iii)meetstherequirementsfora"non-employeedirector"containedinRule16b‑3undertheExchangeAct,and(iv)meetstherequirementsforan"outsidedirector"forthepurposesofSection162(m)oftheInternalRevenueCode(beforeenactmentoftheTaxCutsandJobsAct),aswellasanyotherapplicablelegalorregulatoryrequirements.

OurChiefExecutiveOfficer,President,ChiefFinancialOfficer,andChiefHumanResourcesOfficerdonotparticipateintheCompensationCommittee'sdeliberationsconcerningtheirowncompensationorthecompensationofdirectors.However,theymeetwiththeCompensationCommitteeandprovideinputregardingtheamountandformofthecompensationofourexecutiveofficersandkeyemployees.NootherexecutiveofficersparticipateintheCompensationCommittee'sdeliberationsoftheamountorformofthecompensationofexecutiveofficersordirectors.

TheCompensationCommitteehastheauthoritytoretainandterminateanycompensationconsultanttobeusedtoassistintheevaluationofexecutiveofficercompensation.TheCompensationCommitteehasengagedSemlerBrossyConsultingGroup,LLC("SemlerBrossy")asitsindependentcompensationconsultant.ThecompensationconsultantprovidestheCompensationCommitteewithdataaboutthecompensationpracticesandlevelsofapeergroupofcompaniesandothercompaniesthatmaycompetewithusforexecutivesanddevelopsrecommendationsforstructuringourcompensationprograms.Thecompensationconsultantisretainedby,andreportsdirectlyto,theCompensationCommitteeanddoesnotprovideanyservicesdirectlytousorourmanagement.TheCompensationCommitteemetthreetimesduringthefiscalyear2018.

Compensation Committee Interlocks and Insider Participation. NomemberoftheCompensationCommitteeis,orhasbeenatanytime,ourofficeroremployee,norhasanymemberhadanyrelationshipwithusrequiringdisclosureunderItem404ofRegulationS-K.Noneofourexecutiveofficerscurrentlyserves,orinthepastyearhasserved,asamemberoftheboardofdirectorsorcompensationcommitteeofanyentitythathasoneormoreexecutiveofficersservingonourBoardofDirectorsorCompensationCommittee.

Nominating and Corporate Governance Committee. TheNominatingandCorporateGovernanceCommitteeofourBoardofDirectors,pursuanttoitswrittencharter,hasthefollowingresponsibilities,amongothers:

• identifiesindividualsqualifiedtobecomemembersofourBoardofDirectorsandensuresthatourBoardofDirectorshastherequisiteexpertiseanditsmembershipconsistsofpersonswithsufficientlydiverseandindependentbackgrounds;

• develops,andrecommendstoourBoardofDirectorsforitsapproval,qualificationsfordirectorcandidatesandperiodicallyreviewsthesequalificationswithourBoardofDirectors;

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• reviewsthecommitteestructureofourBoardofDirectorsandrecommendsdirectorstoserveasmembersorchairsofeachcommitteeofourBoardofDirectors;

• reviewsandrecommendscommitteeslatesannuallyandrecommendsadditionalcommitteememberstofillvacanciesasneeded;

• developsandrecommendstoourBoardofDirectorsasetofcorporategovernanceguidelinesapplicabletousand,atleastannually,reviewssuchguidelinesandrecommendschangestoourBoardofDirectorsforapprovalasnecessary;and

• overseestheannualself-evaluationsofourBoardofDirectorsandmanagement.

TheNominatingandCorporateGovernanceCommitteeiscurrentlycomprisedofthreedirectors,Messrs.Gilbert,BurrowsandRogers,eachofwhomisanon-employeeandsatisfiestheindependence-relatedrequirementsoftheNYSEaswellasanyotherapplicablelegalorregulatoryrequirements.TheNominatingandCorporateGovernanceCommitteemetonceduringfiscalyear2018.

InevaluatingcandidatesfornominationtoourBoardofDirectors,theNominatingandCorporateGovernanceCommitteetakesintoaccounttheapplicablerequirementsfordirectorsundertheExchangeActandthelistingstandardsoftheNYSE.TheNominatingandCorporateGovernanceCommitteemaytakeintoconsiderationsuchotherfactorsandcriteriathatitdeemsappropriateinevaluatingacandidate,includingthecandidate'sjudgment,skill,integrity,diversity,businessorotherexperience,timeavailabilityinlightofothercommitments,andconflictsofinterest.TheNominatingandCorporateGovernanceCommitteemay(butisnotrequiredto)considercandidatessuggestedbymanagementorothermembersofourBoardofDirectors.AlthoughtheNominatingandCorporateGovernanceCommitteedoesnothaveaformalpolicyondiversitywithregardtoitsconsiderationofdirectornominees,itconsidersdiversityinitsselectionprocessandseekstonominatecandidatesthathaveadiverserangeofviews,backgrounds,leadership,andbusinessexperience.

Policy Regarding Stockholder Recommendations

Weidentifynewdirectorcandidatesthroughavarietyofsources.AlthoughtheNominatingandCorporateGovernanceCommitteedoesnothaveaformalpolicyregardingconsiderationofdirectorcandidatesrecommendedbystockholders,ourCorporateGovernanceGuidelinesprovidethat,whenformulatingitsdirectornominationrecommendations,theNominatingandCorporateGovernanceCommitteewillconsidercandidatesrecommendedbystockholdersandothers,asitdeemsappropriate.Inconsideringcandidatessubmittedbystockholders,theNominatingandCorporateGovernanceCommitteewilltakeintoconsiderationapplicablelegalandexchangelistingrequirements,theneedsofourBoardofDirectorsandthequalificationsofthecandidate.Stockholdersmayproposedirectornomineesbyadheringtotheadvancenoticeproceduresdescribedinthesectionentitled"StockholderProposalsfor2020AnnualMeeting"inthisproxystatement.TheNominatingandCorporateGovernanceCommitteemayalsoestablishprocedures,fromtimetotime,regardingsubmissionofcandidatesbystockholdersandothers.

Inconsideringdirectorcandidatesforelectionattheannualmeeting,theNominatingandCorporateGovernanceCommitteedidnotconsidernomineesotherthanthesevenincumbentdirectorslistedinProposalNo.1ofthisproxystatement,asnonewcandidateswereproposedandthesevenincumbentdirectorscontinuetoexhibitthequalificationsdescribedabove.

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Code of Business Conduct and Ethics

OurBoardofDirectorshasadoptedtheTRIPointeGroup,Inc.CodeofBusinessConductandEthicsthatappliestoallofficers,directorsandemployees.Additionally,ourBoardofDirectorshasadoptedtheTRIPointeGroup,Inc.CodeofEthicsforSeniorExecutiveandFinancialOfficersthatappliestotheChiefExecutiveOfficer,ChiefFinancialOfficer,andChiefAccountingOfficer(orpersonsperformingsimilarfunctionstotheaforementionedofficers).TheCodeofBusinessConductandEthicsalongwiththeCodeofEthicsforSeniorExecutiveandFinancialOfficersareavailableonourwebsiteatwww.tripointegroup.comintheCorporateGovernance—GovernanceDocumentssectionoftheInvestorswebpage.IfanysubstantiveamendmentstoeithertheCodeofBusinessConductandEthicsortheCodeofEthicsforSeniorExecutiveandFinancialOfficersaremade,oranywaiverfromaprovisionofeitherCodeisgrantedtoanyexecutiveofficerordirector,wewillpromptlydisclosethenatureoftheamendmentorwaiveronourwebsite.Wehaveadoptedthesecodesasguidesforfutureconductandtheyshouldnotbeconsideredtoconstituterepresentationsastopastcompliance.

Corporate Governance Guidelines

OurCorporateGovernanceGuidelinesareavailableonourwebsiteatwww.tripointegroup.comintheCorporateGovernance—GovernanceDocumentssectionoftheInvestorswebpage.

Stockholder Communications with our Board of Directors

OurstockholdersandotherinterestedpersonswhowanttocommunicatedirectlywithourBoardofDirectorsasagroup,theChairmanofourBoardofDirectors,thenon-managementdirectorsasagroup,oranyindividualdirectormaydosobydeliveringsuchcommunicationincareofourCorporateSecretaryat:TRIPointeGroup,Inc.,PresidingDirectororNon-ManagementDirectorsc/oCorporateSecretary,19540JamboreeRoad,Suite300,Irvine,California92612.

Allcommunicationsmustbeaccompaniedbythefollowinginformation:

• ifthepersonsubmittingthecommunicationisastockholder,astatementofthenumberofsharesofourcommonstockthatthepersonholds;

• ifthepersonsubmittingthecommunicationisnotastockholder,thenatureoftheperson'sinterestinus;

• anyspecialinterest,meaninganinterestnotinthecapacityasastockholder,ofthepersoninthesubjectmatterofthecommunication;and

• theaddress,telephonenumberande-mailaddress,ifany,ofthepersonsubmittingthecommunication.

Communicationsreceivedinwritingareforwardedto(i)ourBoardofDirectors,(ii)thenon-managementdirectorsasagroup,or(iii)anyindividualdirectortowhomthecommunicationisdirected.However,thefollowingcommunicationswillnotbeforwarded:anythreatening,incoherent,obscene,defamatoryorsimilarlyinappropriatecommunication;anycommunicationthatinvolvesanordinarybusinessmatter(suchasajobinquiry,abusinessaccountortransaction,arequestforinformationaboutus,formletters,spam,invitationsandotherformsofmassmailings);surveys;andanycommunicationthatdoesnotrelatetomattersrelevanttousorourbusiness,unlessrequestedbyadirectororatmanagement'sdiscretion.AteachmeetingofourBoardofDirectors,asummaryofallsuchcommunicationsreceivedsincethelastmeetingthatwerenotforwardedwillbepresentedandthosecommunicationsareavailabletodirectorsonrequest.

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COMPENSATION DISCUSSION AND ANALYSIS

InthisCompensationDiscussionandAnalysis,wedescribeourcompensationpractices,programs,anddecisionsforournamedexecutiveofficers("NEOs"),whowereasfollowsfor2018:

• DouglasF.Bauer,CEO

• ThomasJ.Mitchell,PresidentandChiefOperatingOfficer("COO")

• MichaelD.Grubbs,ChiefFinancialOfficer("CFO")andTreasurer

• DavidC.Lee,VicePresident,GeneralCounselandSecretary

• GlennJ.Keeler,VicePresidentandChiefAccountingOfficer

Formoreinformationregardingourcurrentexecutiveofficers,see"Management."

Introduction and Compensation Philosophy

Wedesignourcompensationprogramstoachievethefollowingkeyobjectives:

• aligntheinterestsofourexecutiveofficerswiththoseofourstockholders;

• motivateexecutiveofficerstogrowlong-termstockholdervalue;

• reinforceourpayforperformanceculturebyaligningthecompensationrealizedbyourexecutiveofficerswiththeachievementofcompanygoals;

• providetotalcompensationopportunitiesthatallowustoattract,retainandmotivatetalentedexecutiveofficers;and

• promotedesiredbehaviorthroughincentivecompensationwithoutencouragingimprudentrisk-taking.

Outlinedbelowarethetoolsweusetoobtaintheseobjectives:

Link Pay to Performance :Welinkasignificantportionofexecutiveofficercompensationtoperformance.Onaverage,morethanone-halfof2018NEOtotalcompensationwasperformance-basedandwastiedtoseveralfinancialperformancemetrics.

Balance Performance Considerations :Weutilizeshort-termandlong-termperformanceawardstomotivateperformancewhilemitigatingincentivesforunduerisk-taking.

Short-TermPerformance.In2018,wegrantedcashincentiveawardswithpayoutsbasedonachievementofpre-taxincomeobjectivesfortheyear.

Long-TermPerformance.In2018,wegrantedequityawardsintheformofrestrictedstockunits("RSUs")tomotivatelong-termperformance,aligntheinterestsofourexecutiveofficerswiththoseofourstockholders,andencourageretention.Onaverage,morethanone-halfof2018NEOtotalcompensationwasequitybased.InthecaseofMessrs.Bauer,Mitchell,andGrubbs,60%oftheRSUsgrantedin2018(attargetperformance)wereperformance-basedand40%weretime-based.TheRSUsawardedtoMessrs.LeeandKeelerwere100%time-based.

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Maintain Rigorous Stock Ownership Guidelines :Ourminimumstockownershipguidelinesencourageownershipandfurtheraligntheinterestsofourexecutiveofficerswiththoseofourstockholders.

Thesepaypracticesarediscussedinmoredetailunder"—2018NEOCompensationDecisions"below.

Other Compensation and Governance Practices

What We Do

ü Independent Consultant: OurCompensationCommitteeengagesanindependentcompensationconsultantthatdoesnotprovideanyotherservicestous.

ü Independent Chairman of the Board of Directors: WeseparatetherolesofChairmanoftheBoardofDirectorsandChiefExecutiveOfficer.ThisseparationallowstheChairmantofocusontheeffectivenessofourBoardofDirectorsandoversightofourseniormanagementwhileourCEOfocusesonexecutingourstrategyandmanagingourbusiness.

ü Prohibition on Hedging: Weprohibitalldirectors,officersandemployeesfromengagingintransactionsthathavetheeffectofhedgingtheeconomicvalueoftheirinterestsinourcommonequity.

ü Clawback Policy: Wehaveapolicythatprovidesforrecoupmentofincentivecompensationintheeventofanaccountingrestatementandmisconductofanexecutiveofficer.

ü Equity Grant Time Policy: Wehaveadoptedapolicyregardingthetimingofequityawards.

What We Do Not Do

û Provide Tax Gross Ups on Change in Control Benefits.û Provide Excessive Executive Perquisites.û Provide Tax Gross Ups on Perquisites or Benefits.û Guarantee Base Salary Increases or Incentive Payments for Executives.û Allow for Re-Pricing of Underwater Stock Options without Stockholder Approval.

Compensation Decision-Making Process

Role of the Compensation Committee

TheCompensationCommitteeisresponsibleforreviewingandapproving,onanannualbasis,thecorporategoalsandobjectiveswithrespecttothecompensationofallofourexecutiveofficers,asdescribedintheCompensationCommitteeCharter.TheCompensationCommitteereliesonitsownreviewandtheadviceofitsindependentcompensationconsultantinestablishingexecutiveofficerpay.TheCompensationCommitteeseekstheinputoftheCEOinmakingexecutiveofficerpaydecisions,buttheCompensationCommitteemakesalldecisions.

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InFebruary2018,theCompensationCommitteeapproved,subjecttotheapprovalofourBoardofDirectors,annualincentiveperformanceobjectivesforfiscalyear2018andlong-termincentiveawardstoourNEOsunderour2013LTIP.Afterthecompletionoffiscalyear2018,theCompensationCommitteerecommendedandourBoardofDirectors(i)approved2018annualincentivepayoutsforourNEOsbasedontheachievementoftheperformanceobjectivesestablishedatthebeginningoftheyear,and(ii)determinedachievementofperformanceobjectiveswithrespecttothelong-termincentiveawardsgrantedtoMessrs.Bauer,Mitchell,andGrubbsin2016thathadaperformanceperiodendingDecember31,2018.Adescriptionofthesepayoutscanbefoundunder"—2018NEOCompensationDecisions"below.InFebruary2019,theCompensationCommitteerecommendedandourBoardofDirectorsapprovedannualincentiveperformanceobjectivesforfiscalyear2019andlong-termincentiveawardstoourexecutiveofficersunderour2013LTIP.

Independent Compensation Consultant to the Compensation Committee

TheCompensationCommitteehasengagedSemlerBrossyasitsindependentcompensationconsultant.SemlerBrossy'sdutiesincludepreparationofmaterialfortheCompensationCommittee'sexecutiveofficerpayanalysis,reviewofourpeergroup,recommendationsfornon-employeedirectorcompensation,discussionandanalysisofpotentialincentiveprograms,reviewandanalysisofexecutiveofficeremploymentagreements,andworkonbehalfoftheCompensationCommitteetoreviewmanagement'srecommendationstotheCompensationCommitteeaboutexecutiveofficerpaymatters.SemlerBrossyhasbeenretainedby,andreportsdirectlyto,theCompensationCommittee,anddoesnotprovideanyservicestousotherthanthosedescribedabove.TheCompensationCommitteehasassessedSemlerBrossy'sindependenceinlightoftheSECrequirementsandNYSElistingstandardsrelatingtoadviserindependenceanddeterminedthatSemlerBrossy'sworkdoesnotraiseanyconflictofinterestorindependenceconcerns.

Peer Group and Market Data

TheCompensationCommitteeexaminesmarketdataannuallytounderstandbothpaylevelsandpaypractices.TheCompensationCommitteeprimarilyreviewsdatafromapeergroupthatconsistsofpublicly-tradedhomebuildingcompanies,whichtheCompensationCommitteebelievesisanappropriatelistofcompetitorsforbusinessandtalent.TheCompensationCommitteeusespeergroupdatatoassessthereasonablenessofexecutiveofficerpayandgenerallyseekstoensuretheaggregatecompensationfortheexecutiveofficersiscomparableovertimetocompaniessimilartous.ForMessrs.LeeandKeeler,theCompensationCommitteereviewspaydatafromcompensationsurveysforbothhomebuildersandnon-homebuilderswhenassessingpaydecisions.

Overtime,theCompensationCommitteeintendstotargetaggregatepayforourexecutiveofficersaroundthemedianofourpeers.TheCompensationCommitteedoesnothaveanexplicitpaypositioningstrategyrelativetopeersbycomponentofpayorbyexecutive,andourpaylevelsforMessrs.BauerandMitchellareintentionallylessdifferentiatedthanwouldbeexpectedinthemarketgivenourlegacyasaprivatecompanyandthegreatersharingofmanagementresponsibilitiesbetweentheseexecutivesthanwouldbethecaseatmanyotherpeercompanies.

TheCompensationCommittee,inconsultationwithSemlerBrossyandourmanagement,periodicallyreviewsandconsiderschangestothemakeupofourpeergroup.Thecompaniesinour2018peergroupareshowninthetablebelow.Asfurtherdiscussedbelow,theCompensationCommitteealsobasedvestingofone-halfoftheperformance-basedRSUsgrantedtoMessrs.Bauer,Mitchell,andGrubbsin2018onourtotalstockholderreturn("TSR")relativetoourpeergroup.

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Our Peer GroupBeazerHomesUSA M/IHomesD.R.Horton MeritageHomesHovnanianEnterprises NVRKBHome PulteGroupLennar TaylorMorrisonM.D.C.Holdings TollBrothers

For2018,theCompensationCommitteeeliminatedD.R.HortonandLennarfromourpeergroupforaggregatepaybenchmarkingpurposes,althoughbothD.R.HortonandLennarremainedinourpeergroupforpurposesofmeasuringourrelativeTSR.D.R.HortonandLennarwereremovedforbenchmarkingpurposesbecausetheannualrevenueofeachcompanywasgreaterthanfivetimestheannualrevenueofTRIPointe.Asaresult,theCompensationCommitteedeterminedbothtobeoutliersforpaycomparisonpurposes.

Advisory Vote on Executive Compensation

Atour2014AnnualMeetingofStockholders,ourstockholdersvotedonanadvisorybasiswithrespecttothefrequencyoffutureadvisoryvotestoapprovethecompensationofourNEOs.Approximately66.4%ofthevotescastonthisproposalwerecastforafrequencyofeverythreeyears.OurBoardofDirectorsconcludedthatavoteeverythreeyearswasthemostappropriatetimeframeforstockholderstoassessourexecutiveofficerpaypracticesbecausethesepracticescontinuetoevolveandchangewiththetransformationoftheCompany,andthesechangeswilltakeplaceoveratimeframelongerthanasingleyear.

Atour2017AnnualMeetingofStockholders,ourstockholdersvotedtoapproveonanadvisorybasisthecompensationofourNEOs.Morethan97.5%ofthevotescastwithrespecttothisproposalwerecastforapprovalofourNEOs'compensation.TheCompensationCommitteedeterminedthattheexecutivecompensationphilosophyandcompensationelementscontinuedtobeappropriate.Althoughwecontinuetorefineourcompensationprogramsasapubliccompany,wehavenotmadeanychangespecificallyinresponsetotheadvisoryvoteofourstockholders.

Pay Design and Compensation Elements

Ourcompensationprogramsarecomprisedofthefollowingcompensationelements:

• Base salary. Thebasesalariesofourexecutiveofficersareintendedtoprovideacompetitiveleveloffixedcompensationinordertoattract,retain,andmotivatetalentedexecutiveofficers.Basesalariesaregenerallysetbasedoneachexecutiveofficer’sresponsibilities,performance,skills,andexperienceascomparedwithrelevantmarketdata.

• Annual Incentive Program. Infurtheranceofourcompensationphilosophytoawardincentivebonusesbasedonperformance,wedesignourannualincentiveprogramstomotivateandrewardexecutiveofficersforachievingpre-establishedcompanyfinancialperformanceobjectives.

• Long-term Incentive Awards. TheCompensationCommitteebelievesthatasubstantialportionofeachexecutiveofficer'scompensationshouldbeintheformoflong-termequityincentivecompensation.Whileourannualincentiveprogramsrewardexecutiveofficersforactionsthatimpactshort-andmid-termperformance,theCompensationCommitteerecognizesthatlong-termequityincentiveawardsalsoservetheinterestsofourstockholdersby:

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◦ givingthesekeyemployeestheopportunitytoparticipateinthelong-termappreciationofourcommonstock;

◦ encouragingexecutiveofficerstocreateandsustainstockholdervalueoverlongerperiodsbecausethevalueofequityawardsisdirectlyattributabletochangesinthepriceofourcommonstockovertime;and

◦ promotingexecutiveofficerretentionbecausethefullvalueofequityawardscannotberealizeduntilvestingoccurs,whichgenerallyrequirescontinuedemploymentformultipleyears.

Inaddition,asignificantportionofthelong-termincentiveawardsgrantedtoMessrs.Bauer,Mitchell,andGrubbsareintheformofperformance-basedequityawardslinkedtospecifiedperformancemetrics.

2018 NEO Pay Programs

In2018,theCompensationCommitteecontinuedtheprocessofaligningourpaypracticeswithotherlargehomebuilders.

Thegraphsbelowillustratetherelativeaveragemixofthe(i)basesalary,(ii)annualincentivetarget,and(iii)long-termincentiveawardtargetforMessrs.Bauer,Mitchell,andGrubbsandallotherNEOsfor2018.TheincentivemixforMessrs.Bauer,Mitchell,andGrubbswasmoresubstantiallyperformance-based,recognizingthehigherlevelofresponsibilityoftheseNEOsandtheirgreaterabilitytoinfluenceoverallbusinessresults.

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Thetablebelowsummarizesthethreeelementsof2018compensationforourNEOs.Inadditiontothesecompensationelements,ourNEOsparticipateinbenefitsandotherprogramsasdescribedin"—OtherCompensationProgramsandPolicies."

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Pay Element Purpose 2018 Description Base Salary

Provideacompetitiveleveloffixedcompensationtoattract,retainandmotivatetalentedexecutiveofficers

TheCompensationCommitteereviewedfixedcashcompensationlevelsandmadeadjustmentsdependingontheexecutiveofficer’sresponsibilities,performance,skills,andexperienceascomparedtorelevantmarketdata.

Annual CashIncentive

Motivateandrewardexecutiveofficersforachievingpre-establishedcompanyperformancegoals

TheCompensationCommitteeapprovedcashperformanceawardsforourNEOsunderthe2013LTIPwithaperformanceperiodofJanuary1,2018toDecember31,2018.ActualpayoutamountswerebasedontheCompany'slevelofachievementofthe2018fiscalyearadjustedpre-taxincomeannualincentiveperformanceobjective(equaltotheCompany'sbusinessplan)establishedbytheCompensationCommittee.

Long-term Incentive

Motivateandrewardexecutiveofficers'contributionstoenhancinglong-termstockholdervalueandtheachievementoflong-termbusinessobjectives;encourageexecutiveretention

Messrs.Bauer,Mitchell,andGrubbsweregrantedamixofperformance-basedandtime-basedRSUs,with60%oftheawardsintheformofperformance-basedRSUs(attargetperformance)and40%oftheawardsintheformoftime-basedRSUs.Thismixofperformance-basedandtime-basedincentivesisconsistentwithourpeersandbalancesperformanceandretentionobjectives.Theperformance-basedRSUshaveaperformanceperiodfromJanuary1,2018toDecember31,2020andareallocatedinequalpartstotwoseparateperformancemetrics:(i)TSR,withvestingbasedonourTSRrelativetoourpeer-group;and(ii)earningspershare("EPS").TheCompensationCommitteebelievestheseperformancemetricsrewardappropriatelyforCompanyperformanceovertimeandaligntheexecutive'sinterestswiththoseofourstockholders.Thelong-termincentiveawardsforMessrs.LeeandKeelerwere100%time-basedRSUs.TheawardvaluesforMessrs.LeeandKeelerareintendedtoreflecttheirindividualperformance,contributions,responsibilities,skills,andexperience.

2018 NEO Compensation Decisions

Inevaluating2018NEOcompensationdecisionsandmakingitsrecommendationtoourBoardofDirectors,theCompensationCommitteeconsideredmedianexecutivepayforthetopthreeexecutivesatotherpublicly-tradedhomebuildingcompanies(see"—PeerGroupandMarketData"above)butdidnottargetanyspecificpercentileofmarketwhenmakingindividualpaydecisions.PayforourCEOandCOOcontinuestobelessdifferentiatedthanistypicalofotherlargehomebuildersgivenourlegacyasaprivatecompanyandthenatureofthesharedmanagementresponsibilitiesofMessrs.BauerandMitchell.

Base Salary

BasedontheCompensationCommittee'srecommendation,ourBoardofDirectorsapproved2018basesalaryincreasesforcertainofourNEOs.TheCompensationCommitteeandourBoardofDirectorsconsideredeachoftheNEO'sresponsibilities,performance,skillsandexperienceascomparedwithrelevantpeergroupmarketdataindeterminingtoincreasetheirbasesalaries.TheCompensationCommitteetooktherecommendationsofMr.BauerintoconsiderationwhendeterminingthecompensationofMessrs.LeeandKeeler.

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ThetablebelowcomparestheNEOs'basesalariesfor2018and2017.

Executive 2018

Base Salary 2017

Base Salary %

Increase

DouglasF.Bauer $ 800,000 $ 775,000 3%ThomasJ.Mitchell $ 770,000 $ 745,000 3%MichaelD.Grubbs $ 600,000 $ 600,000 0%DavidC.Lee $ 500,000 —(1) —(1)

GlennJ.Keeler $ 290,000 $ 280,000 4%__________

(1) Mr.LeebecameanexecutiveofficeroftheCompanyinJanuary2018inconnectionwithhisappointmentasVicePresident,GeneralCounselandSecretary.

Annual Cash Incentive

Atthebeginningof2018,basedontheCompensationCommittee'srecommendation,ourBoardofDirectorsapprovedannualincentivetargetsforourNEOs.TheseannualincentivetargetsweredefinedasapercentageoftheirbasesalariesandweredeterminedbasedoneachNEO'sresponsibilities,skills,andexperienceascomparedwithrelevantmarketdata.The2018annualincentivetargetsforMessrs.Bauer,Mitchell,andGrubbswereincreasedaspartofourtransitiontomarket-basedpracticesandreflectedarebalancingbetweenshort-termandlong-termincentivesdesignedtobringthemixofpaymoreintolinewithpeerpractices.

ThetablebelowcomparestheNEOs'2018and2017annualincentivetargets:

2018 Annual Incentive Target 2017 Annual Incentive TargetExecutive % of Salary $ % of Salary $

DouglasF.Bauer 160% $ 1,280,000 140% $ 1,085,000ThomasJ.Mitchell 160% $ 1,232,000 140% $ 1,043,000MichaelD.Grubbs 125% $ 750,000 120% $ 720,000DavidC.Lee 25% $ 125,000 —(1) —(1)

GlennJ.Keeler 75% $ 217,500 75% $ 210,000__________(1) Mr.LeebecameanexecutiveofficeroftheCompanyinJanuary2018inconnectionwithhisappointmentasVicePresident,GeneralCounseland

Secretary.

For2018,basedontheCompensationCommittee'srecommendation,ourBoardofDirectorsestablishedpre-taxincomeastheperformancemetricforcashperformanceawardstoallNEOs.Pre-taxincomeisacommonmetricusedwithinthehomebuildingindustryingeneralandtheCompensationCommitteeandourBoardofDirectorsbelieveitiswellalignedwiththeobjectiveofstockholdervaluecreation.

For2018,basedontheCompensationCommittee'srecommendation,ourBoardofDirectorsapprovedanadjustedpre-taxincomeannualincentiveperformanceobjectiveof$357.4million,whichwasequaltoourbusinessplan.Adjustedpre-taxincomemeansourincomefromcontinuingoperationsbeforetaxes,asreportedinourconsolidatedfinancialstatementsfortherelevantperiods,aftersuchadjustmentstheretoastheCompensationCommitteerecommendsandourBoardofDirectorsdeemsappropriateinitssolediscretion(i)toexcludetheeffectofextraordinary,unusualand/ornonrecurringitems,includingnetincomeattributabletonon-controllinginterests,andchangesinapplicableaccounting

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standardsand(ii)toreflectsuchotherfactorsastheCompensationCommitteeandourBoardofDirectorsdeemappropriatetofairlyreflectpre-taxincome.PayoutswerebasedonourlevelofachievementofthisperformanceobjectiveandwerecalculatedbasedonpercentagesofeachNEO'sannualincentivetarget,assetforthinthetablebelow:

Performance ObjectiveAchievement Level % of Business Plan

NEO Payout(as % of 2018 Annual Incentive

Target)BelowThreshold Below75% 0%

Threshold 75% 50%

Target 100% 100%

Maximum 125% 200%

Achievementbetweenthethreshold,target,andmaximumlevelswouldbedeterminedbystraightlineinterpolationandachievementbelowthresholdwouldresultinzeroincentivepayoutfortheNEO.

TheCompany'spre-taxincomeforfiscalyear2018wasapproximately$362.1million,andbasedontheCompensationCommittee'sdetermination,ourBoardofDirectorscertifiedthatouradjustedpre-taxincomefor2018wasapproximately$379.3million,or106.1%oftheannualincentiveperformanceobjective.See "—Non-GAAP Measures" below for a reconciliation of adjusted pre-tax income to themost directly comparable GAAP financial measure.

Thetablebelowpresentstheresultsofour2018annualcashincentiveprogramandthecorrespondingpayoutstoeachoftheNEOsbasedontheseresults.

2018 Annual Incentive PayoutAnnual Incentive Based on Pre-tax Income % of Target % of Salary $

DouglasF.Bauer 124.4% 199.2% $ 1,593,600ThomasJ.Mitchell 124.4% 199.2% $ 1,533,840MichaelD.Grubbs 124.4% 155.6% $ 933,750DavidC.Lee 124.4% 31.1% $ 155,625GlennJ.Keeler 124.4% 93.4% $ 270,788

Long-Term Incentives

Atthebeginningof2018,basedontheCompensationCommittee'srecommendation,ourBoardofDirectorsdeterminedthetargetvalueofthelong-termincentiveawardsthatwouldbegrantedtoeachoftheNEOsin2018basedontheNEO'sresponsibilities,skills,experienceandcontributions.TheCompensationCommitteeandourBoardofDirectorsalsotookintoconsiderationtherelativemixofcashandequitycompensationrelativetoourpeerswhendeterminingthetargetvalueoflong-termincentives.RecognizingthehigherlevelofresponsibilityofMessrs.Bauer,Mitchell,andGrubbsandtheirgreaterabilitytoinfluenceoverallbusinessresults,basedontheCompensationCommittee'srecommendation,ourBoardofDirectorsstructuredthe2018long-termincentiveprogramsothatthesethreeNEOsweregrantedamixofperformance-basedandtime-basedRSUs.Allofthelong-termincentiveawardsgrantedtoMessrs.LeeandKeelerin2018weretime-basedRSUs.

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Thetargetvalueofthelong-termincentiveawardsgrantedtotheNEOsin2018wasasfollows:

2018 Long-term Incentive Award Target Values

Executive Performance- Based

RSUs Time-Based RSUs Total

DouglasF.Bauer $ 1,560,000 $ 1,040,000 $ 2,600,000ThomasJ.Mitchell $ 1,500,000 $ 1,000,000 $ 2,500,000MichaelD.Grubbs $ 720,000 $ 480,000 $ 1,200,000DavidC.Lee $ — $ 50,000 $ 50,000GlennJ.Keeler $ — $ 244,575 $ 244,575

Indeterminingthetargetvalueoflong-termincentiveawardsthatwouldbegrantedin2018,theCompensationCommitteeandourBoardofDirectorsconsideredthevalueofthelong-termincentiveawardsgrantedin2017andthestructureofthe2017long-termincentiveprogram.BasedontheCompensationCommittee'srecommendation,ourBoardofDirectorsmaintainedthetargetvalueofthelong-termincentiveawardsgrantedtoMessrs.Bauer,Mitchell,andGrubbsin2018ascomparedto2017.OurBoardofDirectorsincreasedthetargetvalueoflong-termincentiveawardswithrespecttoMr.KeelerinrecognitionofhisrolesandresponsibilitieswithintheCompany.

BasedontheCompensationCommittee'srecommendation,ourBoardofDirectorsstructuredthe2018long-termincentiveprogramforMessrs.Bauer,Mitchell,andGrubbstobe60%performance-basedRSUs(attargetperformance)and40%time-basedRSUs.Thismixofperformance-basedandtime-basedincentiveawardsisconsistentwithourpeersandbalancesperformanceandretentionobjectives.

Performance-basedRSUs

OurBoardofDirectorsgranted184,179,177,095,and85,005performance-basedRSUstoMessrs.Bauer,Mitchell,andGrubbs,respectively,pursuanttoour2013LTIP.Thenumberofperformance-basedRSUswasdeterminedbymultiplying(i)thequotientof(x)thetargetvalueoftheawardand(y)theclosingmarketpriceoftheCompany'scommonstockonthedateofgrantby(ii)two,representingthemaximumnumberofRSUsthatmayvestassumingourattainmentofthemaximumperformanceobjectivesetbytheCompensationCommittee.BasedontheCompensationCommittee'srecommendation,ourBoardofDirectorsselectedTSRastheperformancemetricforone-halfoftheperformance-basedRSUsgrantedin2018,withvestingoftheRSUsbasedonourTSRrelativetoourpeergroup,whichtheCompensationCommitteeandourBoardofDirectorsbelieverewardsappropriatelyforperformanceovertimeandalignstheexecutive'sinterestswiththoseofourstockholders.TheCompensationCommitteerecommendedandourBoardofDirectorsselectedEPSastheperformancemetricfortheotherone-halfoftheperformance-basedRSUsgrantedin2018inordertofurtheraligntheinterestsoftheNEOswiththoseofourstockholders.

BasedontheCompensationCommittee'srecommendation,ourBoardofDirectorsstructuredtheperformance-basedRSUssothatthevesting,ifatall,oftheseRSUswillbebasedonourpercentageattainmentofspecifiedthreshold,target,andmaximumperformanceobjectiveswithrespecttoeachperformancemetric.Withrespecttotheperformance-basedRSUsallocatedtoeachperformancemetric:

• atthresholdperformance,theNEOwillvestin25%oftheperformance-basedRSUs,representing50%ofthetargetvalueoftheperformance-basedRSUsonthegrantdate;

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• attargetperformance,theNEOwillvestin50%oftheperformance-basedRSUs,representing100%ofthetargetvalueoftheperformance-basedRSUsonthegrantdate;

• atmaximumperformance,theNEOwillvestin100%oftheperformance-basedRSUs,representing200%ofthetargetvalueoftheperformance-basedRSUsonthegrantdate;

• thepercentageoftheperformance-basedRSUsthatwillvestifourperformanceisbetweenthethreshold,target,andmaximumperformancelevelswillbedeterminedbystraightlineinterpolation;and

• achievementbelowthresholdwouldresultinvestingofzerooftheperformance-basedRSUs.

InthecaseoftheTSRperformance-basedRSUs,theperformanceobjectivesareassetforthinthetablebelow(TSRpercentilemeansourpercentilerankduringtheperformanceperiodrelativetotheTSRforourpeergroup):

Performance Level The Company’s TSR Percentile on Vesting Date Percentage of Award that VestsMaximum 75thTSRPercentileandAbove 100%Target 50thTSRPercentile 50%Threshold 35thTSRPercentile 25%BelowThreshold Below35thTSRPercentile 0%

InthecaseoftheEPSperformance-basedRSUs,theperformanceobjectivesareassetforthinthetablebelow:

Performance Level The Company’s Cumulative EPS Percentage of Award that VestsMaximum 125%ofCumulativeEPSPlanandAbove 100%Target 100%ofCumulativeEPSPlan 50%Threshold 75%ofCumulativeEPSPlan 25%BelowThreshold Below75%ofCumulativeEPSPlan 0%

Theperformanceperiodfortheperformance-basedRSUsisJanuary1,2018toDecember31,2020.Iftheperformance-basedRSUsdonotvestonorbeforeDecember31,2020,theywillbecancelledandforfeitedfornoconsideration.TSRisdeterminedbasedonchangesinstockpriceplusdividendspaidduringtheapplicableperformanceperiod.OurBoardofDirectorsmaymakeadjustmentstoourpeergroupbasedondevelopmentsthatoccurduringtheperformanceperiod,suchasremovingfromthepeergroup,retroactivelytothebeginningoftheperformanceperiod,anycompanynolongerexistingasanindependententityorwhichhasannounceditisbeingacquired.

InthecaseoftheEPSperformance-basedRSUs,ourBoardofDirectorsmayadjustEPSasitdeemsappropriateto(i)excludetheeffectofextraordinary,unusual,and/ornonrecurringitemsandchangesinapplicableaccountingstandardsand(ii)reflectsuchotherfactorsasitdeemsappropriatetofairlyreflectearningspersharegrowth.

TheCompensationCommitteeandourBoardofDirectorsbelieveexceptionalCompanyperformanceisrequiredtoachievethemaximumperformanceobjectiveandthatitwouldbedifficulttoachievemaximumvestingoftheperformance-basedRSUs.Thedifficultyofattainingtheperformanceobjectivesfortheperformance-basedRSUsisinherentlyuncertainbecausetheyaresubjecttoanumber

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offactorsbeyondthecontrolofeithertheCompanyortheNEO,includingoveralleconomicconditions,theperformanceofthesecuritiesmarketsgenerally,andotherrisksanduncertaintiesthatweface,includingthosedescribedinourannualreportonForm10‑KandotherSECfilings.

Time-basedRSUs

OurBoardofDirectorsalsogranted61,393,59,031,28,335,2,951,and14,437time-basedRSUstoMessrs.Bauer,Mitchell,Grubbs,Lee,andKeeler,respectively,vestingone-thirdeachyearbeginningonthefirstanniversary.Thenumberoftime-basedRSUsgrantedtoeachNEOwasdeterminedbydividingthetargetvalueoftheawardbytheclosingmarketpriceoftheCompany'scommonstockonthedateofgrant.The2018time-basedRSUawardspromoteexecutiveofficerretentionbyvestingannuallyastoone-thirdofeachawardoverathree-yearperiod.

ThevalueoftheawardstoMessrs.LeeandKeelerwasbasedonrecommendationsmadebyourCEOtotheCompensationCommitteeafterevaluationofeachsuchNEO'sresponsibilities,skills,experience,andcontributions,andrelevantmarketinformation.

2019 Executive Officer Pay Programs

BasedontheCompensationCommittee'srecommendation,ourBoardofDirectorstookthefollowingactionswithrespectto2019executivecompensation:

• Base Salary. OurBoardofDirectorsapproveda2019basesalaryincreaseforMr.Keelerof$35,000basedoncompetitivemarketpracticesforexecutiveofficersinasimilarrole.OurBoardofDirectorsdidnotmakeanychangestothe2019basesalariesfortheotherNEOs.

• Annual Cash Incentive Program. OurBoardofDirectorsapprovedatargetannualincentivepercentageincreaseforMr.Lee,increasinghis2019targetannualincentivepercentageto35%from25%in2018.OurBoardofDirectorsdidnotmakeanychangestothetargetannualincentivepercentagesfortheotherNEOs.Thepayoutamounts,ifany,mayrangefrom0%to200%ofthetargetannualincentivebasedontheCompany'sachievementofanadjustedpre-taxincomeperformanceobjectiveandwillbecalculatedbasedonpercentagesofeachofficer'starget.

• Long-Term Incentive Program.

For2019,ourBoardofDirectorsgrantedMessrs.Bauer,Mitchell,andGrubbsamixofperformance-basedandtime-basedRSUs,with60%oftheawardsintheformofperformance-basedRSUs(attargetperformance)and40%oftheawardsintheformoftime-basedRSUs.Thismixofperformance-basedandtime-basedincentivesisconsistentwiththeawardsmadein2018andbalancesperformanceandretentionobjectives.Theperformance-basedRSUsareallocatedtotwoseparateperformancemetricsasfollows:(i)30%aretiedtoTSR,withvestingbasedontheCompany'sTSRrelativetoitspeer-grouphomebuilders;and(ii)70%aretiedtoEPS.BasedontherecommendationoftheCompensationCommittee,ourBoardofDirectorsadjustedtheallocationofperformance-basedRSUstiedtoTSRandEPSfor2019toplaceadditionalemphasisonlong-termfinancialresults,aswellasbetteralignwiththecompetitivepracticesofourpeergroup.Theperformanceperiodfortheperformance-basedRSUsisJanuary1,2019toDecember31,2021.TheCompensationCommitteeandourBoardofDirectorsbelievetheseperformancemetricsreward

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appropriatelyforCompanyperformanceovertimeandaligntheexecutive'sinterestswiththoseofourstockholders.Thelong-termincentiveawardsforMessrs.LeeandKeelerare100%time-basedRSUsastheseexecutiveshavelessdirectresponsibilityandimpactoverdrivingTSR.

OurBoardofDirectorsgranted247,619,238,095,and114,285performance-basedRSUstoMessrs.Bauer,Mitchell,andGrubbs,respectively.Thenumberofperformance-basedRSUsgrantedtotheseexecutiveofficersin2019wasdeterminedbymultiplying(i)thequotientof(x)thetargetvalueoftheawardand(y)theclosingmarketpriceoftheCompany'scommonstockonthedateofgrantby(ii)two,representingthemaximumnumberofRSUsthatmayvestassumingourattainmentofthemaximumperformanceobjectivesetbyourBoardofDirectorsbasedontheCompensationCommittee'srecommendation.Theseperformance-basedRSUsweregrantedpursuanttoour2013LTIP.

OurBoardofDirectorsalsoawarded82,539,79,365,38,095,8,904,and22,261time-basedRSUstoMessrs.Bauer,Mitchell,Grubbs,Lee,andKeeler,respectively,vestingone-thirdeachyearbeginningonthefirstanniversaryofthegrantdateoftheawardunits.

Thetargettotalannualcompensationofourcurrentexecutiveofficersfor2019isasfollows:

2019 Total Target Compensation by Element

Executive Base

Salary Target

Annual Incentive

TargetLong-termIncentive Total

DouglasF.Bauer $ 800,000 $ 1,280,000 $ 2,600,000 $ 4,680,000ThomasJ.Mitchell $ 770,000 $ 1,232,000 $ 2,500,000 $ 4,502,000MichaelD.Grubbs $ 600,000 $ 750,000 $ 1,200,000 $ 2,550,000GlennJ.Keeler $ 325,000 $ 243,750 $ 280,500 $ 849,250DavidC.Lee $ 500,000 $ 175,000 $ 112,200 $ 787,200

Forcomparison,thetargettotalannualcompensationofMessrs.Bauer,Mitchell,Grubbs,Lee,andKeelerin2018wasasfollows:

2018 Total Target Compensation by Element

Executive Base

Salary Target

Annual Incentive

TargetLong-termIncentive Total

DouglasF.Bauer $ 800,000 $ 1,280,000 $ 2,600,000 $ 4,680,000ThomasJ.Mitchell $ 770,000 $ 1,232,000 $ 2,500,000 $ 4,502,000MichaelD.Grubbs $ 600,000 $ 750,000 $ 1,200,000 $ 2,550,000GlennJ.Keeler $ 290,000 $ 217,500 $ 244,575 $ 752,075DavidC.Lee $ 500,000 (1) $ 125,000 $ 50,000 $ 725,000

__________(1)Inaddition,Mr.Leereceiveda$50,000signingbonuswhenhewashiredinJanuary2018.

2016 Performance-Based RSUs

InMarch2016,ourBoardofDirectorsgrantedMessrs.Bauer,Mitchell,andGrubbsperformance-basedRSUstiedtoTSR,withvestingbasedontheCompany'sTSRrelativetoitspeer-

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grouphomebuilders.Theperformanceperiodfortheperformance-basedRSUswasJanuary1,2016toDecember31,2018.Thevesting,ifatall,oftheseperformance-basedRSUswasbasedonourpercentageattainmentofspecifiedthreshold,target,andmaximumperformanceobjectivesassetforthinthetablebelow:

Performance Level The Company's TSR Percentile on Vesting Date Percentage of Award that VestsMaximum 75thTSRPercentileandAbove 100%Target 55thTSRPercentile 50%Threshold 35thTSRPercentile 37.5%BelowThreshold Below35thTSRPercentile 0%

OnFebruary20,2019,basedontheCompensationCommittee'srecommendation,ourBoardofDirectorsdeterminedthattheCompany’srelativeTSRfortheperformanceperiodendingDecember31,2018wasbelowthresholdandthereforenoneoftheTSRperformance-basedRSUsvested.

Other Compensation Programs and Policies

Severance and Change in Control Benefits

TheCompanyhasemploymentagreementswitheachofMessrs.Bauer,Mitchell,andGrubbs.Theseagreementsgoverntheirtreatmentuponaterminationofemployment,amongotherconsiderations.Thechangeincontrolcomponentoftheseagreementsreflectsourbeliefthattheinterestsofstockholderswillbebestservediftheinterestsoftheseexecutivesarealignedwiththestockholders,andthatprovidingchangeincontrolbenefitsshouldeliminateoratleastreducedisincentivestopursuepotentialchangeincontroltransactionsthatmaybeinthebestinterestsofstockholders.

TheCompanyalsohasseveranceandchangeincontrolprotectionagreementswitheachofMessrs.LeeandKeeler.Theseagreementsgovernthetreatmentofeachofthemuponaterminationofemployment,includinginconnectionwithachangeincontrol.

Seethe"ExecutiveCompensation—PotentialPaymentsUponTerminationorChangeinControl"sectionofthisproxystatementforfurtherinformationregardingtheseveranceandchangeincontrolprovisionsoftheseagreementsandaquantificationofthecompensationtobereceivedintheeventofachangeincontrolorterminationoftheemploymentofMessrs.Bauer,Mitchell,Grubbs,Lee,andKeelerasofDecember31,2018.

Benefits

Ourexecutiveofficersparticipateinretirementandbenefitplansgenerallyavailabletoour,andonthesametermsas,otheremployees.Thesebenefitsincludea50%matchontheir401(k)contributionsupto$8,250aswellasmedical,vision,dental,employeeassistanceprogram,lifeinsuranceandlong-termdisabilitycoverage.Wealsoprovidecertainofourexecutiveofficerswithareimbursementoflifeinsurancepremiumsandreimbursementofclubmembershipdues.

Equity Grant Time Policy

ItisthepolicyoftheCompensationCommitteethatregularannualequityawardsaregrantedonthelaterofthesecondbusinessdayafterthepublicreleaseoffiscalyear-endearnings,or(iflater)the

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MondayfollowingthedateonwhichtheCompensationCommitteeapprovestheawards.TheCompensationCommitteemayinitsdiscretionmakeequityawardsatothertimesinconnectionwithnewhires,promotions,orspecialcircumstances.ThegrantdatefortheseawardswillbetheMondayfollowingthedateonwhichtheCompensationCommitteeapprovestheaward.IfthegrantdateisaMondayandaclosingpriceisnotreportedforthatday,thegrantdatewillbethenextfollowingdayonwhichaclosingpriceisreported.

Stock Ownership Guidelines

OurBoardofDirectorshasadoptedthefollowingstockownershipguidelines:

Position Ownership GuidelineDirectors 5timesannualcashretainerCEO 5timesbasesalaryCOO 5timesbasesalaryCFO 3timesbasesalaryCorporatevicepresidents 1timesbasesalaryPresidentsofhomebuildingsubsidiaries 1timesbasesalary

Directorsandexecutiveofficershavefiveyearsfromthedateonwhichtheybecomesubjecttotheguidelinestosatisfytheapplicableguidelinelevel.Forthepurposesoftheseguidelines,ownershipincludessharesbeneficiallyownedandunvestedrestrictedstockandRSUawardssubjectonlytotime-basedvesting.Unexercisedoptions,whethervestedornot,donotcountasstock"owned"undertheseguidelines.Duringtheapplicablefive-yeartransitionperiod,ifaparticipantisnotincompliancewiththeapplicableguideline,heorsheisrequiredtoretain60%ofsharesearnednetoftaxesfromanyofourincentiveplansuntilheorsheisincompliancewiththeguidelines.Ifaparticipantfailstoachievetherequiredownershipduringtheapplicablefive-yeartransitionperiod,thatpersonwillthereafterberequiredtoretain100%ofsharesearnednetoftaxesuntilthetargetedownershiplevelisattained.

"Clawback "Policy

TheCompensationCommitteeadministersour"clawback"policythatprovidesforrecoupmentfromourexecutiveofficersofincentivecompensationintheeventofcertainrestatementsofourfinancialresults.Incentivecompensationunderthispolicymeansallcashbonusesandequitycompensationawardedtoacoveredexecutive,theamount,paymentand/orvestingofwhichwascalculatedbasedwhollyorinpartontheapplicationofobjectiveperformancecriteria.Itdoesnotcoveranexecutive'sbasesalary.Atriggereventoccursunderthepolicywhenwearerequiredtoprepareanaccountingrestatementofourfinancialstatementsduetoamaterialnoncompliancewithanyfinancialreportingrequirementunderthesecuritieslaws.If,followingatriggerevent,theCompensationCommitteedeterminesthat:

• theamountofanyincentivecompensationawardedto,orreceivedby,acoveredexecutiveduringthethree-yearperiodprecedingthedateonwhichwearerequiredtopreparetheaccountingrestatementwouldhavebeenlower(andnotearned)haditbeencalculatedbasedontherestatedfinancialresults;and

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• theexecutiveengagedinfraud,intentionalmisconductorgrossnegligence,theCompensationCommitteewillseektorecoupfromtheexecutivetheafter-taxportionofthedifferencebetweentheawardedcompensationandtheactualcompensation.

TheCompensationCommitteeisnotrequiredtoseekrecoupmentfromanexecutiveifitdeterminesthatseekingrecoverywouldnotbeinourbestinterests.Inmakingthisdetermination,theCompensationCommitteemaytakeintoaccount,amongotherfactors,theprobabilityofsuccessunderapplicablelaw;thecostofseekingrecoupment;theeffectofseekingrecoupmentonanypendingorthreatenedinvestigations,litigationorotherproceedingsinvolvingus;thedifficultyofproof;thepossibilityofcounterclaimsagainstus;andtheamountsubjecttorecoupment.TheCompensationCommitteeisauthorizedunderthepolicytodetermineinitsdiscretionthemethodforobtainingrecoupment.

No Hedging of Company Stock

Asdescribedfurtherintheourpolicyoninsidertrading,alldirectors,officers,andotheremployeesareprohibitedfromenteringintotransactionswhichhavetheeffectofhedgingtheeconomicvalueofanydirectorindirectinterestsofthepersoninourcommonequity.

Tax Deductibility; Section 162(m)

Asapublicly-tradedcompany,wearesubjecttoSection162(m)oftheInternalRevenueCode("Section162(m)")whichlimitsourabilitytodeductforU.S.incometaxpurposescompensationinexcessof$1millionpaidtoourCEOandthreeothermosthighlycompensatedofficers(otherthantheCFO)unlessthecompensationisperformance-basedunderSection162(m).TheTaxCutsandJobsActmadesignificantchangestoSection162(m).Beginningin2018,Section162(m)limiteddeductionsto$1millionforcompensationpaidtoourCFOaswellasourCEOandourthreeothermosthighlycompensatedofficers.Inaddition,beginningin2018theexceptiontothe$1milliondeductionlimitationforcommissionandperformance-basedcompensationwaseliminated.However,compensationpaidpursuanttoawrittenbindingagreementineffectonNovember2,2017thathasnotbeenmateriallymodifiedthereafterisgrandfatheredandcancontinuetoqualifyfortheperformance-basedcompensationexemption,assumingallotherSection162(m)requirementsaremet.Becauseoftheambiguitiesanduncertaintiesastothescopeofthisgrandfatherprovision,noassurancecanbegiventhatcompensationoriginallyintendedtoqualifyfortheexemptionwill,infact,befullydeductible.

TheCompensationCommitteeandourBoardofDirectorsconsidertaxdeductibilitytobeanimportant,butnotthesole,orprimary,considerationinsettingexecutivecompensation.BecausetheCompensationCommitteeandourBoardofDirectorsalsorecognizetheneedtomaintainflexibilitytomakecompensationdecisionsthatmaynotmeetthestandardsofSection162(m)whennecessarytoenableustocontinuetoattract,retain,andmotivatetalentedexecutiveofficers,itreservestheauthoritytoapprovepotentiallynon-deductiblecompensation.

Non-GAAP Measures

InthisCompensationDiscussionandAnalysis,wereferenceadjustedpre-taxincome,afinancialmeasureusedbytheCompensationCommitteeinconnectionwithexecutivecompensationcalculatedotherthaninaccordancewithU.S.generallyacceptedaccountingprinciples("GAAP"),whichisreconciledtothenearestGAAPfinancialmeasureintheinformationbelow.Thisnon-GAAPfinancialmeasuremaynotbecomparabletoothersimilarlytitledmeasuresofothercompaniesandshouldnotbeconsideredinisolationorasasubstitutefor,orsuperiorto,financialmeasurespreparedinaccordancewithGAAP.

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Reconciliation of Adjusted Pre-Tax Income for 2018 Annual Cash Incentive (dollars in thousands) Year Ended December 31, 2018Income before income taxes $ 362,067Add:$17.5millionsettlementpaymentinconnectionwiththesettlementofalawsuitinvolvinga1987legacyWRECOlandsaleandtransactionrelatedexpensesof$1,286,000inconnectionwithanacquisition

$ 18,786

Less:Netincomeattributabletononcontrollinginterest $ (1,602)

Adjusted pre-tax income $ 379,251

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COMPENSATION COMMITTEE REPORT

TheCompensationCommitteehasreviewedanddiscussedtheCompensationDiscussionandAnalysiswithmanagement.

Basedonsuchreviewanddiscussionwithmanagement,theCompensationCommitteerecommendedtoourBoardofDirectorsthattheCompensationDiscussionandAnalysisbeincludedinthisproxystatementandincorporatedbyreferenceinourAnnualReportonForm10-KfortheyearendedDecember31,2018.

Respectfullysubmittedby:

THECOMPENSATIONCOMMITTEEOFTHEBOARDOFDIRECTORS

ConstanceB.Moore,CompensationCommitteeChairDanielS.FultonStevenJ.GilbertVickiD.McWilliams

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OWNERSHIP OF OUR COMMON STOCK

ThefollowingtablesetsforththebeneficialownershipofourcommonstockasofMarch1,2019by(i)eachofourdirectors,(ii)eachoftheexecutiveofficersnamedinthetableentitled"Fiscal2018SummaryCompensationTable",(iii)allofourdirectorsandcurrentexecutiveofficersasagroupand(iv)eachpersonknownbyustobethebeneficialownerof5%ormoreofouroutstandingcommonstock.

Toourknowledge,exceptasotherwisesetforthinthefootnotestothetable,eachpersonnamedinthetablehassolevotingandinvestmentpowerwithrespecttoallofthesecuritiesshownasbeneficiallyownedbysuchperson.Thenumberofsecuritiesshownrepresentsthetotalnumberofsecuritiestheperson"beneficiallyowns,"asdeterminedbytherulesoftheSEC.TheSEChasdefined"beneficial"ownershipofasecuritytomeanthepossession,directlyorindirectly,ofvotingpowerand/orinvestmentpower.Asecurityholderisalsodeemedtobe,asofanydate,thebeneficialownerofallsecuritiesthatsuchsecurityholderhastherighttoacquirewithin60daysafterthatdatethrough(i)theexerciseofanyoption,warrantorright,(ii)theconversionofasecurity,(iii)thepowertorevokeatrust,discretionaryaccountorsimilararrangementor(iv)theautomaticterminationofatrust,discretionaryaccountorsimilararrangement.Exceptasnotedbelow,theaddressforallbeneficialownersinthetablebelowis19540JamboreeRoad,Suite300,Irvine,California92612.

Name of Beneficial Owner Shares Beneficially Owned (1) Percentage (2)

Directors and Executive Officers:

DouglasF.Bauer(3) 977,236 *LawrenceB.Burrows 54,805 *

DanielS.Fulton(4) 76,342 *StevenJ.Gilbert 65,480 *VickiD.McWilliams 6,677 *ConstanceB.Moore 66,269 *ThomasB.Rogers 62,770 *

MichaelD.Grubbs(5) 364,513 *GlennJ.Keeler 11,159 *DavidC.Lee 582 *

ThomasJ.Mitchell(6) 879,625 *Alldirectorsandcurrentexecutiveofficersasagroup(11persons) 2,565,458 1.8%

5% or more Stockholders:

BlackRock,Inc.(7)(8) 17,645,317 12.4%

DimensionalFundAdvisorsLP(7)(9) 12,757,242 9.0%

FMRLLC(7)(10) 11,504,235 8.1%

HotchkisandWileyCapitalManagement,LLC(7)(11) 8,450,228 5.9%T.RowePriceAssociates,Inc.(7)(12) 8,565,545 6.0%

TheVanguardGroup(7)(13) 13,243,175 9.3%

WellingtonManagementGroupLLP(7)(14) 13,784,491 9.7%__________*Representslessthan1%ofthenumberofsharesofourcommonstockoutstanding.

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(1) Beneficialownershipincludesthefollowingsharesthatthedirectorsandexecutiveofficerscouldacquirebyexercisingstockoptionsonorwithin60daysofMarch1,2019:Mr.Bauer:146,921;Mr.Gilbert:3,699;Mr.Grubbs:144,278;andMr.Mitchell:145,600.ForeachofMessrs.Burrows,Fulton,Gilbert,andRogersandMs.Moore,thebeneficialownershipalsoincludes8,182RSUsthatvestonorwithin60daysofMarch1,2019.ForMs.McWilliams,thebeneficialownershipincludes6,677RSUsthatvestonorwithin60daysofMarch1,2019.Foralldirectorsandcurrentexecutiveofficersasagroup,thesestockoptionsandRSUsrepresentanaggregateof488,085shares.

(2) Thepercentagesarecalculatedbasedon142,210,147sharesofourcommonstockoutstandingandentitledtovoteasofMarch1,2019.Foreachperson,separately,hisorherpercentageiscalculatedbyincludinghisorheroptionsandRSUssetforthinFootnote(1)aboveinboththenumeratoranddenominator,andforthedirectorsandcurrentexecutiveofficersasagroup,thepercentageiscalculatedbyincludingthestockoptionsandRSUssetforthinFootnote(1)aboveinboththenumeratoranddenominator.

(3) Amountincludes830,315sharesareheldintrustforthebenefitofMr.Bauerandhisimmediatefamily.Mr.Bauerhassolevotinganddispositivepowerwithrespectto146,921sharesandsharedvotinganddispositivepowerwithrespectto830,315shares.

(4) Amountincludes30,073sharesheldinajointaccountwithMr.Fulton'sspouse.Mr.Fultonhassolevotinganddispositivepowerwithrespectto46,269sharesandsharedvotinganddispositivepowerwithrespectto30,073shares.

(5) Amountincludes197,149sharesareheldintrustforthebenefitofMr.Grubbsandhisimmediatefamily.Mr.Grubbshassolevotinganddispositivepowerwithrespectto167,364sharesandsharedvotinganddispositivepowerwithrespectto197,149shares.

(6) Amountincludes610,000sharesareheldintrustforthebenefitofMr.Mitchellandhisimmediatefamily.Mr.Mitchellhassolevotinganddispositivepowerwithrespectto269,625sharesandsharedvotinganddispositivepowerwithrespectto610,000shares.

(7) Thebeneficialownershipfiguresforthe5%ormorestockholdersweretakenfromtheirrespectiveSchedule13GorSchedule13G/AfilingswiththeSEC.

(8) AccordingtotheSchedule13G/AfiledonJanuary31,2019,BlackRock,Inc.hassolevotingpowerwithrespectto17,270,734sharesandsoledispositivepowerwithrespectto17,645,317shares.Itsaddressis55East52ndStreet,NewYork,NY10022.

(9) AccordingtotheSchedule13G/AfiledonFebruary8,2019,DimensionalFundAdvisorsLPhassolevotingpowerwithrespectto12,556,932sharesandsoledispositivepowerwithrespectto12,757,242shares.ItsaddressisBuildingOne,6300BeeCaveRoad,Austin,TX78746.

(10) AccordingtotheSchedule13GfiledonFebruary13,2019,FMRLLChassolevotingpowerwithrespectto752sharesandsoledispositivepowerwithrespectto11,504,235shares.Itsaddressis245SummerStreet,Boston,MA02210.

(11) AccordingtotheSchedule13G/AfiledonFebruary13,2019,HotchkisandWileyCapitalManagement,LLChassolevotingpowerwithrespectto7,671,338sharesandsoledispositivepowerwithrespectto8,450,228shares.Itsaddressis725S.FigueroaStreet39thFl.,LosAngeles,CA90017.

(12) AccordingtoSchedule13G,filedonFebruary14,2019,T.RowePriceAssociates,Inc.hassolevotingpowerwithrespectto1,758,595sharesandsoledispositivepowerwithrespectto8,565,545shares.Itsaddressis100E.PrattStreet,Baltimore,MD21202.

(13) AccordingtotheSchedule13G/AfiledonFebruary12,2019,TheVanguardGrouphassolevotingpowerwithrespectto150,374shares,soledispositivepowerwithrespectto13,090,506shares,sharedvotingpowerwithrespectto18,092shares,andshareddispositivepowerwithrespectto152,669shares.Itsaddressis100VanguardBlvd.,Malvern,PA19355.

(14) AccordingtotheSchedule13GfiledonFebruary12,2019,WellingtonManagementGroupLLPhassharedvotingpowerwithrespectto7,997,895sharesandshareddispositivepowerwithrespectto13,784,491shares.Itsaddressis280CongressStreet,Boston,MA2210.

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EQUITY COMPENSATION PLAN INFORMATION

Thefollowingtablesetsforthcertaininformation,asofDecember31,2018,withrespecttoourequitycompensationplansunderwhichourequitysecuritiesareauthorizedforissuance.

Plan Category

Number of Securities to be

Issued Upon Exercise of

Outstanding Options,

Warrants and Rights (#)

(a)

Weighted-Average Exercise Price of

Outstanding Options, Warrants

and Rights ($) (b)

Number of Securities Remaining Available for Future

Issuance Under Equity Compensation Plans

(Excluding Securities Reflected in Column (a)) (#)

(c)

Equitycompensationplansapprovedbysecurityholders 4,295,753 $3.24(1) 6,455,011

Equitycompensationplansnotapprovedbysecurityholders — — —

Total 4,295,753 $3.24(1) 6,455,011__________(1)Thisweighted-averageexercisepriceincludesoutstandingRSUsthatcanbeexercisedfornoconsideration,resultinginareducedprice.Theweighted-averageexercisepriceofoutstandingoptions,excludingthoseRSUsthatcanbeexercisedfornoconsideration,is$14.58.AtDecember31,2018,therewere513,407sharesofourcommonstocktobeissuedupontheexerciseofoutstandingoptionsandvestingofRSUsthatweassumedinconnectionwithourmergertransactionwithWRECOduringtheyearendedDecember31,2014.Theweighted-averageexercisepriceoftheseassumedoptionsandRSUswas$12.74atDecember31,2018.Theweighted-averageexercisepriceoftheseassumedoptions,excludingthoseRSUsthatcanbeexercisedfornoconsideration,was$12.74atDecember31,2018.

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EXECUTIVE COMPENSATION

Fiscal 2018 Summary Compensation Table

Thefollowingtablesummarizesinformationregardingthecompensationawardedto,earnedbyorpaidtoMr.DouglasBauer,ourChiefExecutiveOfficer,Mr.ThomasMitchell,ourPresidentandChiefOperatingOfficer,Mr.MichaelGrubbs,ourChiefFinancialOfficerandTreasurer,Mr.DavidLee,ourVicePresident,GeneralCounselandSecretary,andMr.GlennKeeler,ourVicePresidentandChiefAccountingOfficer,collectivelyourNEOsfor2018.

Name and PrincipalPosition Year Salary ($) Bonus ($)

Stock Awards($) (1)

OptionAwards ($)

Non-EquityIncentive Plan

Compensation ($) All Other

Compensation ($) Total ($)

DouglasF.BauerChiefExecutiveOfficer

2018 793,269 — 2,830,216 — 1,593,600(2) 34,305(3) 5,251,391

2017 754,808 — 2,614,175 — 1,272,705 29,640 4,671,328

2016 673,077 — 2,455,747 — 1,108,380 29,070 4,266,274

ThomasJ.Mitchell

PresidentandChiefOperatingOfficer

2018 763,269 — 2,721,347 — 1,533,840(2) 16,210(4) 5,034,667

2017 726,154 — 2,513,617 — 1,223,439 15,810 4,479,020

2016 648,077 — 2,361,284 — 1,067,795 15,660 4,092,816

MichaelD.Grubbs

ChiefFinancialOfficerandTreasurer

2018 600,000 — 1,306,234 — 933,750(2) 14,350(5) 2,854,334

2017 586,539 — 1,206,539 — 844,560 13,950 2,651,587

2016 536,539 — 1,038,962 — 746,460 13,800 2,335,761

DavidC.Lee(6)

VP–GeneralCounselandSecretary

2018 471,154 50,000(7) 49,990 — 155,625(2) 8,250 735,019

2017 — — — — — — —

2016 — — — — — — —

GlennJ.Keeler

VP–ChiefAccountingOfficer

2018 287,308 — 244,563 — 270,788(2) 8,500 811,159

2017 274,616 — 230,432 — 246,330 8,100 759,478

2016 257,308 — 202,992 — 254,280 7,950 722,530

__________(1) InaccordancewithSECrules,theamountshownistheaggregategrantdatefairvalueforawardsgrantedduringthefiscalyearcalculatedinaccordance

withFASBASCTopic718.Thegrantdatefairvalueofperformance-basedRSUawardsisbasedontheprobableoutcomeoftheperformance-basedconditions,determinedasofthegrantdate.Themaximumpotentialpayoutfortheperformance-basedRSUawardsis200%ofthetargetawardonthegrantdate.Thetargetvaluesoftheperformance-basedRSUawardsfor2018determinedasofthedateofgrantforMessrs.Bauer,MitchellandGrubbswas$1,560,000,$1,500,000and$720,000,respectively.Themaximumvaluesoftheperformance-basedRSUawardsfor2018determinedasofthedateofgrantforMessrs.Bauer,Mitchell,andGrubbswas$3,120,000,$3,000,000,and$1,440,000,respectively.Noperformance-basedRSUawardsweremadein2018toMessrs.LeeorKeeler.Amountsshowndonotreflectcompensationactuallyreceivedorthatmayberealizedinthefuturebytheexecutiveofficer.Foradiscussionoftheassumptionsrelatingtothevaluationoftheawards,pleaseseeNote14.Stock-BasedCompensationtoourauditedconsolidatedfinancialstatementsincludedinourAnnualReportonForm10-KforthefiscalyearendedDecember31,2018.

(2) Representstheamountearnedunderour2018non-equity,annualcashincentivecompensationplan,asdescribedinfurtherdetailabovein"CompensationDiscussionandAnalysis."

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(3) Representstheamountpaidbyusin2018forclubmembershipduesfortheNEO($22,875),contributionstodefinedcontributionplan($8,250)andthereimbursementoflifeinsurancepremiums($3,180).

(4) Representscontributionstodefinedcontributionplan($8,250)andthereimbursementoflifeinsurancepremiums($7,710)fortheNEO.(5) Representscontributionstodefinedcontributionplan($8,250)andthereimbursementoflifeinsurancepremiums($5,850)fortheNEO.(6) Mr.LeebecameanexecutiveofficeroftheCompanyinJanuary2018inconnectionwithhisappointmentasVicePresident,GeneralCounseland

Secretary.(7)Mr.Leereceiveda$50,000signingbonuswhenhewashiredinJanuary2018.

Grants of Plan-Based Awards

Estimated Possible Payouts Under Non-Equity

Incentive Plan AwardsEstimated Future Payouts Under Equity

Incentive Plan Awards

All Other StockAwards;

Number ofShares of Stock

or Units (#)

All Other OptionAwards; Number

of SecuritiesUnderlyingOptions (#)

Exercise or BasePrice of OptionAwards ($/Sh)

Grant Date FairValue of Stock

and OptionAwards(1)

Name Grant Date Threshold ($) Target ($) Maximum ($) Threshold (#) Target (#) Maximum (#) DouglasF.Bauer 2/22/2018 640,000 1,280,000 2,560,000 46,045 92,090 184,179 61,393 — N/A $2,830,216

ThomasJ.Mitchell 2/22/2018 616,000 1,232,000 2,464,000 44,274 88,548 177,095 59,031 — N/A $2,721,347

MichaelD.Grubbs 2/22/2018 375,000 750,000 1,500,000 21,251 42,503 85,005 28,335 — N/A $1,306,234

DavidC.Lee 2/22/2018 62,500 125,000 250,000 — — — 2,951 — N/A $49,990

GlennJ.Keeler 2/22/2018 108,750 217,500 435,000 — — — 14,437 — N/A $244,563

__________(1) InaccordancewithSECrules,theamountshownistheaggregategrantdatefairvalueforawardsgrantedduringthefiscalyearcalculatedinaccordance

withFASBASCTopic718.Thegrantdatefairvalueofperformance-basedRSUawardsisbasedontheprobableoutcomeoftheperformance-basedconditions,determinedasofthegrantdate.Themaximumpotentialpayoutfortheperformance-basedRSUawardsis200%ofthetargetawardasofthegrantdate.Thetargetvaluesoftheperformance-basedRSUawardsfor2018determinedasofthedateofgrantforMessrs.Bauer,MitchellandGrubbswas$1,560,000,$1,500,000and$720,000,respectively.Themaximumvaluesoftheperformance-basedRSUawardsfor2018determinedasofthedateofgrantforMessrs.Bauer,Mitchell,andGrubbswas$3,120,000,$3,000,000,and$1,440,000,respectively.Amountsshowndonotreflectcompensationactuallyreceivedorthatmayberealizedinthefuturebytheexecutiveofficer.Foradiscussionoftheassumptionsrelatingtothevaluationoftheawards,pleaseseeNote14.Stock-BasedCompensationtoourauditedconsolidatedfinancialstatementsincludedinourAnnualReportonForm10‑KforthefiscalyearendedDecember31,2018.

Employment Agreements and Performance-Based RSU Awards

During2018,wehademploymentagreementswitheachofMessrs.Bauer,Mitchell,andGrubbs(the"2018EmploymentAgreements").InMarch2019,weenteredintonewemploymentagreementswitheachofthesethreeexecutives(the"2019EmploymentAgreements"),whichreplacedthe2018EmploymentAgreements.Eachofthe2019EmploymentAgreementshasaninitialtermofthreeyearsandonthethirdanniversarydate(andeachannualanniversarydatethereafter)willbeautomaticallyextendedforoneadditionalyearunlesseitherpartyprovidestheotherwithatleast60days'priorwritten

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noticeofnon-renewal.Ifa"changeincontrol"(asdefinedinthe2019EmploymentAgreements)occursduringtheinitialorextendedterm,thenthetermwillcontinuefornotlessthan24monthsbeyondthemonthinwhichthechangeincontroloccurs.Bothpartieshavetherighttoterminatetheexecutive'semploymentatanytime,withorwithoutcause,andwithorwithoutpriornotice.

The2018EmploymentAgreementsprovidethatuponterminationofemployment,eachexecutivewillreceiveanyaccruedbutunpaidbasesalaryandotheraccruedandunpaidcompensation,includinganyaccruedandunpaidvacationandannualbonus.Uponeitheran"involuntaryterminationwithoutcause"(asdefinedintheagreement)oravoluntaryterminationfora"goodreason"(asdefinedintheagreement),theexecutive,subjecttohisdeliveryofareleaseofclaims,willalsobeentitledtoreceivespecifiedseverancebenefits.Ifacoveredterminationoccurspriorto,ormorethan18monthsaftera"changeincontrol"(asdefinedintheagreement),Messrs.Bauer,Mitchell,andGrubbswillbeentitledtoreceiveanamountequalto2,1.5,and1.5,respectively,timesthesumofhisannualbasesalaryplustheaverageofthegreaterof(i)theaverageoftheannualcashbonusesreceivedforthetwofiscalyearsendingbeforethetermination;and(ii)thetargetannualbonusfortheyearinwhichtheterminationoccurs.Ifacoveredterminationoccursduringthe18-monthperiodcommencingonachangeincontrol,thenthemultiplierwillbe3withrespecttoMr.Bauer,and2.5withrespecttoMessrs.MitchellandGrubbs.IneithercaseandiftheexecutiveelectscontinuedhealthcarecoverageunderCOBRA,theCompanywillalsodirectlypay,orreimbursetheexecutivefor,thepremiumforhisandhiscovereddependentsthroughtheearlierof(i)the18monthanniversaryofthedateofhisterminationofemployment,and(ii)thedateheandhiscovereddependentsbecomeeligibleforhealthcarecoverageunderanotheremployer'splan(s).Intheeventthattheexecutive'semploymentisterminateddueto"deathordisability"(asdefinedintheagreement),theexecutiveorhisbeneficiariesorestatewillbeentitledtoreceiveapro-rataportionofhisannualbonusforthefiscalyear.

The2018EmploymentAgreementsalsoprovidefor,amongotherthings:

• anannualbasesalaryequalto$600,000(Mr.Bauer);$575,000(Mr.Mitchell),and$500,000(Mr.Grubbs),subjecttoincreaseinthediscretionofourBoardofDirectorsoracommitteeofourBoardofDirectors;

• eligibilityforannualcashperformancebonusestargetedat110%oftheexecutive'sbasesalaryontermsandconditionsdeterminedbyourBoardofDirectorsoracommitteeofourBoardofDirectors;

• eligibilitytoreceivestockoptionsandotherequityincentivegrantsasdeterminedbyourBoardofDirectorsoracommitteeofourBoardofDirectors;and

• entitlementtoallrightsandbenefitstowhichtheexecutiveisentitledunderourbenefitsandcompensationpracticesthatareineffectfromtimetotimeandprovidedtoourexecutiveemployeesgenerally,aswellasbenefitsprovidedtotheexecutiveconsistentwithpastpractices;providedwearenotobligatedtoadoptormaintainanybenefitsorcompensationpracticesatanytime.

The2018EmploymentAgreementscontainnon-competitionprovisionsandnon-solicitationprovisionsthatapplyduringthetermofsuchagreementsandforoneyearaftertheterminationoftheexecutive'semploymentforanyreason.However,thepost-employmentnon-competitionprovisionsdonotapplyandwillnotbeenforcedinCaliforniaorotherstateswheresuchrestrictivecovenantsarenotpermitted.

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The2019EmploymentAgreementsmadevariouschangestothetermsofthe2018EmploymentAgreements,includingthefollowing:

• ReflectedtheannualbasesalariesoftheexecutivesasapprovedbyourBoardofDirectorsof$800,000forMr.Bauer,$770,000forMr.Mitchell,and$600,000forMr.Grubbs,subjecttoincreaseinthediscretionofourBoardofDirectorsoracommitteeofourBoardofDirectors;

• Specifiedthattheexecutivesareeligibleforannualcashperformancebonusestargetedat160%(Mr.Bauer);160%(Mr.Mitchell);and125%(Mr.Grubbs)oftheexecutives'basesalariesorsuchotheramountasdeterminedinthesolediscretionoftheBoardofDirectorsoracommitteeoftheBoardofDirectors;

• RevisedthedefinitionofchangeincontroltoincludecertainchangestothecompositionofourBoardofDirectorsandpercentagethresholds;

• Extendedthetimeperiodforacoveredterminationto3monthspriortoand24monthsfollowingachangeincontrol;

• Specifiedthatnotwithstandinganythingsetforthinanawardagreementorincentiveplantothecontrary,intheeventofacoveredtermination,theexecutivewillalsobeentitledto(i)aprorataportionoftheexecutive’sannualbonusforthefiscalyearinwhichtheterminationoccursbasedonactualachievementoftheapplicablebonusobjectivesand/orconditionsdeterminedbytheBoardofDirectorsoracommitteeoftheBoardofDirectorsforthatyear;and(ii)healthcarecoveragepursuanttoCOBRAthroughtheearlierof(a)the24-monthanniversaryofthedateofhisterminationofemployment,and(b)thedateheandhiscovereddependentsbecomeeligibleforhealthcarecoverageunderanotheremployer'splan(s);and(iii)paymentorreimbursementofthepremiumstomaintainhislifeanddisabilityinsurancecoveragethroughthe24-monthanniversarydateofhisterminationofemployment;and

• Specifiedthatintheeventthattheexecutive’semploymentisterminatedduetodeathordisability,theexecutiveorhisbeneficiariesorestatewillbeentitledtoreceiveanamountequaltotheexecutive’stargetbonusforthefiscalyearinwhichtheterminationoccursplus,ifemploymentisterminatedduetoadisability,theCompanywilldirectlypay,orreimburse,theexecutivefor(i)thepremiumforexecutiveandhisdependentstomaintaincontinuedhealthcarecoveragepursuanttoCOBRAthroughtheearlierof(a)the24-monthanniversaryofthedateofhisterminationofemployment,and(b)thedateheandhiscovereddependentsbecomeeligibleforhealthcarecoverageunderanotheremployer'splan(s);and(ii)thepremiumstomaintaintheexecutive’slifeanddisabilityinsurancecoveragethroughthe24-monthanniversarydateofhisterminationofemployment.

In2018,wegranted184,179,177,095,and85,005performance-basedRSUstoMessrs.Bauer,Mitchell,andGrubbs,respectively.Thenumberofperformance-basedRSUsgrantedwasdeterminedbymultiplying(i)thequotientof(x)thetargetvalueoftheawardand(y)theclosingmarketpriceoftheCompany'scommonstockonthedateofgrantby(ii)two,representingthemaximumnumberofRSUsthatmayvestassumingourattainmentofthemaximumperformanceobjectivesetbyourBoardofDirectors.Foradditionaldetailsconcerningtheseperformance-basedRSUs,see"CompensationDiscussionandAnalysis—2018NEOPayProgram—Long-TermIncentives."

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Potential Payments Upon Termination or Change in Control

TheemploymentagreementswitheachofMessrs.Bauer,MitchellandGrubbsprovideforcertainpaymentsuponeitherterminationofemploymentorachangeincontrol,asdescribedin"—EmploymentAgreementsandPerformance-BasedRSUAwards"above.

InFebruary2016,theCompanyenteredintoaseveranceandchangeincontrolprotectionagreementwithMr.Keeler,andinJanuary2018,weenteredintoaseveranceandchangeincontrolprotectionagreementwithMr.Lee(the"OriginalSeveranceAgreements").InMarch2019,theOriginalSeveranceAgreementswerereplacedwithnewseveranceandchangeincontrolprotectionagreementswithMessrs.KeelerandLee(the"2019SeveranceAgreements").Eachofthe2019SeveranceAgreementshasaninitialtermofthreeyearsandonthethirdanniversarydate(andeachannualanniversarydatethereafter)willbeautomaticallyextendedforoneadditionalyearunlesseithertheexecutiveortheCompanygiveswrittennoticeofnon-renewal.Ifa"changeincontrol"(asdefinedinthe2019SeveranceAgreements)occursduringtheinitialorextendedterm,thenthetermwillcontinuefornotlessthan24monthsbeyondthemonthinwhichthechangeincontroloccurs.The2019SeveranceAgreementsdonotcreateacontractofemploymentbetweentheCompanyandtheexecutive,andboththeCompanyandtheexecutivewillhavetherighttoterminatetheexecutive'semploymentatanytime,withorwithoutcause,andwithorwithoutpriornotice.

TheOriginalSeveranceAgreementsprovidethatuponterminationofemployment,eachexecutivewillreceiveanyaccruedbutunpaidbasesalaryandotheraccruedandunpaidcompensation,includinganyaccruedandunpaidvacationandannualbonus.Uponeitheran"involuntaryterminationwithoutcause"(asdefinedintheagreement)oravoluntaryterminationfora"goodreason"(asdefinedintheagreement),Messrs.LeeandKeeler,subjecttohisdeliveryofareleaseofclaims,willbeentitledtoreceiveanamountequaltothesumofhisannualbasesalaryplusthegreaterof(i)theaverageoftheannualcashbonusesreceivedforthetwofiscalyearsendingbeforethetermination;and(ii)thetargetannualbonusfortheyearinwhichtheterminationoccurs.IneithercaseandiftheexecutiveelectscontinuedhealthcarecoverageunderCOBRA,theCompanywillalsodirectlypay,orreimbursetheexecutivefor,thepremiumforhisandhiscovereddependentsthroughtheearlierof(i)theoneyearanniversaryofthedateofhisterminationofemployment,and(ii)thedateheandhiscovereddependentsbecomeeligibleforhealthcarecoverageunderanotheremployer'splan(s).Intheeventthattheexecutive'semploymentisterminateddueto"deathordisability"(asdefinedintheagreement),theexecutiveorhisbeneficiariesorestatewillbeentitledtoreceiveapro-rataportionofhisannualbonusforthefiscalyear.

The2019SeveranceAgreementschangedthetermsofthe2018SeveranceAgreements,amongotherthings,toprovidethat:(i)notwithstandinganythingsetforthinanawardagreementorincentiveplantothecontrary,intheeventofacoveredtermination,theexecutivewillalsobeentitledtoaprorataportionoftheexecutive’sannualbonusforthefiscalyearinwhichtheterminationoccursbasedonactualachievementoftheapplicablebonusobjectivesand/orconditionsdeterminedbytheBoardofDirectorsoracommitteeoftheBoardofDirectorsforthatyear;(ii)thedefinitionofchangeincontrolincludescertainchangestothecompositionofourBoardofDirectorsandpercentagethresholds;(iii)theCompanywilldirectlypay,orreimburse,theexecutivefor,themonthlypremiumforhisandhiscovereddependentstomaintainhealthcarecoveragepursuanttoCOBRAthroughtheearlierof(a)the24-monthanniversaryofthedateofhisterminationofemployment,and(b)thedateheandhiscovereddependentsbecomeeligibleforhealthcarecoverageunderanotheremployer'splan(s);and(iv)theCompanywilldirectlypay,orreimburse,theexecutiveforthepremiumstomaintaintheexecutive’slifeanddisabilityinsurancecoveragethroughthe24-monthanniversarydateofhisterminationofemployment.Inadditi

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on,intheeventthattheexecutive’semploymentisterminatedduetodeathordisability,theexecutiveorhisbeneficiariesorestatewillbeentitledtoreceiveanamountequaltotheexecutive’stargetbonusforthefiscalyearinwhichtheterminationoccursplus,ifemploymentisterminatedduetoadisability,theCompanywilldirectlypay,orreimburse,theexecutivefor(i)thepremiumforexecutiveandhisdependentstomaintaincontinuedhealthcarecoveragepursuanttoCOBRAthroughtheearlierof(a)the24-monthanniversaryofthedateofhisterminationofemployment,and(b)thedateheandhiscovereddependentsbecomeeligibleforhealthcarecoverageunderanotheremployer'splan(s);and(ii)thepremiumstomaintaintheexecutive’slifeanddisabilityinsurancecoveragethroughthe24-monthanniversarydateofhisterminationofemployment.

Our2013LTIPprovidesthatupona"changeincontrol"(asdefinedinthe2013LTIP),ourBoardofDirectorsmay,initsdiscretion,determinewhethersomeoralloutstandingoptionsandstockappreciationrightswillbecomeexercisableinfullorinpart,whethertherestrictionperiodandperformanceperiodapplicabletosomeoralloutstandingrestrictedstockawardsandRSUawardswillbedeemedsatisfied.

Time-based RSUs awarded to executives. Thetime-basedRSUawardsgrantedtoourNEOsprovidethatif(i)theexecutiveremainscontinuouslyemployedbyusthroughthedateoftheclosingofachangeincontroltransaction,and(ii)theawardisnotassumedinfullbytheacquiringorsuccessorcompanyoritsaffiliateupontheclosingofthechangeincontrolorotherwiseexpresslycontinuedinfullforceandeffectpursuanttothetermsofthechangeincontroltransaction,theRSUsgrantedpursuanttotheawardwillvestasofthedateoftheclosingofthechangeincontrol.If(i)theexecutiveremainscontinuouslyemployedbyusthroughthedateoftheclosingofthechangeincontroltransaction,and(ii)theawardisassumedinfullbytheacquiringorsuccessorcompanyoritsaffiliateupontheclosingofthechangeincontrol,orisotherwiseexpresslycontinuedinfullforceandeffectpursuanttothetermsofthechangeincontroltransaction,theRSUsgrantedpursuanttotheawardwillbecomevestedinaccordancewiththeprovisionsofawardagreement,providedthatiftheexecutivesuffersaqualifyingtermination(asdefinedintheawardagreement)beforealltheRSUsbecomevestedandtheexecutiveremainscontinuouslyemployedbyusoroursuccessor-in-interestoranaffiliatethereofthroughthedateofsuchqualifyingtermination,theRSUswillbecomefullyvestedastoallremainingRSUsupontheeffectivedateofsuchqualifyingtermination.

Theperformance-basedRSUawardsgrantedtoMessrs.Bauer,MitchellandGrubbsin2018and2017includechangeincontrolprovisionsthataresummarizedasfollows:

2018 performance-based RSUs with vesting based on TSR and EPS. IntheeventachangeincontroloccursbeforeDecember31,2020,theperformanceperiodwillterminateonclosingofthechangeincontroltransactionandthefollowingprovisionswillapply:

• If(i)theclosingofthechangeincontroltransactionoccursonorbeforeJanuary1,2019,(ii)theexecutiveremainscontinuouslybyusthroughthedateoftheclosingofthechangeincontroltransaction,and(iii)theawardisnotassumedinfullbytheacquiringorsuccessorcompanyoritsaffiliateupontheclosingofthechangeincontrolorotherwiseexpresslycontinuedinfullforceandeffectpursuanttothetermsofthechangeincontroltransaction,50%oftheRSUsgrantedpursuanttotheawardwilldateoftheclosingofthechangeincontrol.

• If(i)theclosingofthechangeincontroltransactionoccursonorbeforeJanuary1,2019,(ii)theexecutiveremainscontinuouslyemployedbyusthroughthedateoftheclosingofthechangeincontroltransaction,and(iii)theawardisassumedinfullbytheacquiring

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orsuccessorcompanyoritsaffiliateupontheclosingofthechangeincontrol,orisotherwiseexpresslycontinuedinfullforceandeffectpursuanttothetermsofthechangeincontroltransaction,50%oftheRSUsgrantedpursuanttotheawardmayvestasfollows:if(a)theexecutiveremainscontinuouslyemployedbyusoroursuccessor-in-interestoranaffiliatethroughtheDecember31,2020,50%oftheRSUswillbecomefullyvestedeffectiveasofDecember31,2020or(b)ifexecutivesuffersa“qualifyingtermination”(asdefinedintheawardagreement)beforeDecember31,2020,50%oftheRSUswillbecomevestedupontheeffectivedateofsuchqualifyingtermination.

• If(i)theclosingofthechangeincontroltransactionoccursafterJanuary1,2019,(ii)theexecutiveremainscontinuouslyemployedbyusthroughthedateoftheclosingofthechangeincontroltransaction,and(iii)theawardisnotassumedinfullbytheacquiringorsuccessorcompanyoritsaffiliateupontheclosingofthechangeincontrolorotherwiseexpresslycontinuedinfullforceandeffectpursuanttothetermsofthechangeincontroltransaction,theRSUgrantedpursuanttotheawardwillvestasofthedateoftheclosingofthechangeincontroltransaction,butonlywithrespecttoanumberofRSUsequaltothe“changeincontrolunits”(asdefinedintheawardagreement).

• If(i)theclosingofthechangeincontroltransactionoccursafterJanuary1,2019,(ii)theexecutiveremainscontinuouslyemployedbyusthroughthedateoftheclosingofthechangeincontroltransaction,and(iii)theawardisassumedinfullbytheacquiringorsuccessorcompanyoritsaffiliateupontheclosingofthechangeincontrol,orisotherwiseexpresslycontinuedinfullforceandeffectpursuanttothetermsofthechangeincontroltransaction,theRSUsgrantedpursuanttotheawardmaybecomevested,butonlywithrespecttoanumberofRSUsequaltothe“changeincontrolunits”(asdefinedintheawardagreement),asfollows:if(a)theexecutiveremainscontinuouslyemployedbyusoroursuccessor-in-interestoranaffiliatethroughDecember31,2020,suchchangeincontrolunitsshallbecomefullyeffectiveasoftheVestingDateor(b)iftheexecutivesuffersa“qualifyingtermination”beforeDecember31,2020andtheexecutiveremainscontinuouslyemployedbyusoroursuccessor-in-interestoranaffiliatethroughthedateofsuchqualifyingtermination,thechangeincontrolunitswillbecomevestedupontheeffectivedateofthequalifyingtermination.

2017 performance-based RSUs with vesting based on TSR and EPS. IntheeventachangeincontroloccursbeforeDecember31,2019,theperformanceperiodwillterminateonclosingofthechangeincontroltransactionandthefollowingprovisionswillapply:

• If(i)theexecutiveremainscontinuouslyemployedbyusthroughtheclosingofthechangeincontroltransaction,and(ii)theawardisnotassumedinfullbytheacquiringorsuccessorcompanyoritsaffiliateuponclosingofthechangeincontroltransactionorotherwiseexpresslycontinuedinfullforceandeffectpursuanttothetermsofthechangeincontroltransaction,theRSUsgrantedpursuanttotheawardwillvestasofthedateoftheclosingofthechangeincontrol,butonlywithrespecttoanumberofRSUsequaltothe"changeincontrolunits"(asdefinedintheawardagreement).

• If(i)theexecutiveremainscontinuouslyemployedbyusthroughtheclosingofthechangeincontroltransaction,and(ii)theawardisassumedinfullbytheacquiringorsuccessorcompanyoritsaffiliateupontheclosing,orisotherwiseexpresslycontinuedinfullforceandeffectpursuanttothetermsofthechangeincontroltransaction,theRSUsgrantedpursuanttotheawardmaybecomevested,butonlywithrespectanumberofRSUsequaltothechangeincontrolunits(asdefinedintheawardagreement),as

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follows:if(a)theexecutiveremainscontinuouslyemployedbyusoroursuccessor-in-interestoranaffiliatethroughDecember31,2019,thechangeincontrolunitswillbecomefullyvestedasofDecember31,2019;or(b)theexecutivesuffersaqualifyingterminationbeforeDecember31,2019andtheexecutiveremainscontinuouslyemployedbyusoroursuccessor-in-interestoranaffiliatethroughthedateofthequalifyingtermination,thechangeincontrolunitswillbecomevestedontheeffectivedateofthequalifyingtermination.

ThefollowingtableshowstheestimatedpotentialpaymentsuponterminationofemploymentorachangeincontrolfortheNEOs.Thetableassumesthat(i)thetriggeringeventtookplaceonDecember31,2018,thelastbusinessdayofourfiscal2018;(ii)exceptinthecaseofterminationforcausebytheCompanyandterminationbyexecutivewithoutgoodreason,ourBoardofDirectorsdeterminesthatalloutstandingoptionswouldbecomeexercisable;(iii)exceptinthecaseofterminationforcausebytheCompany,terminationbyexecutivewithoutgoodreasonanddeathordisability,ourCompensationCommitteewouldacceleratealltime-basedRSUsthatremainunvested;(iv)theintrinsicvalueofequityvestingaccelerationiscomputed,(a)inthecaseofunexercisedoptions,bymultiplyingthedifferencebetweentheexercisepricesoftheunexercisedoptionsandtheclosingmarketpriceofourcommonstockonDecember31,2018($10.93),thelasttradingdayofourfiscalyear2018,bythenumberofunexercisedoptionsand,(b)inthecaseofunvestedRSUs,bymultiplyingtheclosingmarketpriceofourcommonstockonDecember31,2018($10.93),thelasttradingdayofourfiscalyear2018,bythenumberofunvestedRSUs;(v)inthecaseofdeathordisability,aperformanceincentivebonuswasearnedunderour2018annualincentiveplanatthelevelsetforthintheSummaryCompensationtableforeachindividual;(vi)inthecaseofMessrs.Bauer,Mitchell,andGrubbs,theexecutiveelectstoreceivecontinuedhealthcarecoveragepursuanttotheprovisionsofCOBRAfor18monthsusingratesofapproximately$2,000permonth;(vii)inthecaseofMessrs.LeeandKeeler,theexecutiveelectstoreceivecontinuedhealthcarecoveragepursuanttotheprovisionsofCOBRAfor12monthsusingratesofapproximately$2,000permonth;and(viii)inthecaseofMessrs.Bauer,Mitchell,Grubbs,Lee,andKeeler,theexecutiveremainscontinuouslyemployedbyusthroughthedateofclosingofthechangeincontroltransaction,theawardisnotassumedinfullbytheacquiringorsuccessorcompanyoritsaffiliateorotherwisecontinuedinfullforceandeffect,andthechangeincontroltransactionclosedonDecember31,2018.TheCompanyandtheaffectedexecutivesmay,dependinguponthecircumstances,negotiatefordifferentpaymentsthatmaybehigherorlowerthanthosedescribedinthetable.Amountstobeprovidedtoanexecutiveunderarrangementsthatdonotdiscriminateinscope,termsoroperationinfavorofourexecutiveofficersandareavailabletoallsalariedemployeesarenotincludedinthefollowingtableinaccordancewithSECregulations.

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Name Payments and Benefits

InvoluntaryTermination For

Cause or VoluntaryTermination Other

Than for GoodReason ($)

InvoluntaryTermination

Without Cause orVoluntary

Termination forGood Reason ($)

Change in ControlWithout

Termination ($)

Change in ControlWith Voluntary

Termination for GoodReason or

InvoluntaryTermination Without

Cause ($)Death or Disability

($)

DouglasF.BauerSeverance — 4,160,000 — 6,240,000 1,593,600Equityawards — — 4,074,234 4,074,234 1,194,150

Healthbenefits — 36,000 — 36,000 —

Total — 4,196,000 4,074,234 10,350,234 2,787,750

ThomasJ.MitchellSeverance — 3,003,000 — 5,005,000 1,533,840Equityawards — — 3,917,509 3,917,509 1,148,219

Healthbenefits — 36,000 — 36,000 —

Total — 3,039,000 3,917,509 8,958,509 2,682,059

MichaelD.GrubbsSeverance — 2,093,265 — 3,488,775 933,750Equityawards — — 1,866,522 1,866,522 395,193

Healthbenefits — 36,000 — 36,000 —

Total — 2,129,265 1,866,522 5,391,297 1,328,943

DavidC.LeeSeverance — 625,000 — 625,000 155,625Equityawards — — 32,254 32,254 —

Healthbenefits — 24,000 — 24,000 —

Total — 649,000 32,254 681,254 155,625

GlennJ.KeelerSeverance — 540,305 — 540,305 270,788Equityawards — — 367,084 367,084 —

Healthbenefits — 24,000 — 24,000 —

Total — 564,305 367,084 931,389 270,788

Theabovetabledoesnotgiveeffecttoperformance-basedandtime-basedRSUsawardedtoourNEOsinFebruary2019nordoesitgiveeffecttothechangeseffectedbythe2019EmploymentAgreementsandthe2019SeveranceAgreements.

Theforegoingdescriptionsoftheperformance-basedRSUawards,theemploymentagreementsandtheseveranceandchangeincontrolprotectionagreementsaresummariesonlyandarenotcomplete.Thefulltextofthe2018EmploymentAgreements,theOriginalSeveranceAgreements,andtheawardagreementsareincludedasexhibitstoourcurrentreportsfiledonForm8-KwiththeSEConNovember20,2015,March2,2016,andFebruary26,2019.

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Outstanding Equity Awards as of December 31, 2018

ThefollowingtableprovidesinformationregardingtheequityawardsheldbytheNEOsasofDecember31,2018.

Option Awards Stock Awards

Name

Number ofSecurities

UnderlyingUnexercised

OptionsExercisable (#)

Number ofSecurities

UnderlyingUnexercised Options

Unexercisable (#)

OptionExercisePrice ($)

OptionExpiration

Date

Number ofShares or Unitsof Stock That

Have NotVested (#)

Market Valueof Shares or

Units of StockThat Have Not

Vested($)

Equity IncentivePlan Awards:

Number ofUnearned Shares,

Units or OtherRights That Have

Not Vested (#)

Equity Incentive PlanAwards: Market or

Payout Value ofUnearned Shares,

Units or Other RightsThat Have Not Vested

($)

DouglasF.Bauer 94,067(1) — 17.00 1/30/2023 52,854(2) — 16.17 4/7/2024

33,048(3) 361,215

57,301(4) 626,300

32,232(5) 352,290

128,925(5) 1,409,150

61,393(6) 671,025

23,023(7) 251,636

92,089(7) 1,006,533

ThomasJ.Mitchell

94,067(1) — 17.00 1/30/2023 51,533(2) — 16.17 4/7/2024

31,776(3) 347,312

55,097(4) 602,210

30,992(5) 338,740

123,966(5) 1,354,948

59,031(6) 645,209

22,137(7) 241,957

88,547(7) 967,819

MichaelD.Grubbs

94,067(1) — 17.00 1/30/2023 50,211(2) — 16.17 4/7/2024

13,982(3) 152,823

26,447(4) 289,066

14,876(5) 162,595

59,504(5) 650,379

28,335(6) 309,702

10,626(7) 116,139

42,502(7) 464,547

DavidC.Lee 2,951(6) 32,254

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GlennJ.Keeler 6,451(3) 70,509

12,697(4) 138,778

14,437(6) 157,796__________(1) 1/30/2013stockoptiongrant.(2) 4/7/2014stockoptiongrant.(3) 3/1/2016RSUaward;theremainingawardvestedon3/1/2019.(4) 2/27/2017RSUaward;onethirdoftheawardvestedon2/27/2019andtheremainingonethirdvestson2/27/2020.(5) 2/27/2017RSUawardthatvests,ifatall,on12/31/2019basedontheachievementofcertainperformancemetrics.(6) 2/22/2018RSUaward;onethirdoftheawardvestedon2/22/2019andonethirdvestsoneachof2/22/2020and2/22/2021,respectively.(7) 2/22/2018RSUawardthatvests,ifatall,on12/31/2020basedontheachievementofcertainperformancemetrics.

Option Exercises and Stock Vested

ThefollowingtablesetsforthonanaggregatedbasisforeachoftheNEOs,thenumberandvalueofsharesofourcommonstockacquireduponexerciseofstockoptions,andthenumberandvalueofsharesofourcommonstockacquireduponvestingofRSUsduring2018.

Option Awards Stock Awards

Name

Number of SharesAcquired on Exercise

(#) Value Realized on

Exercise ($)

Number of SharesAcquired on Vesting

(#) (1) Value Realized on

Vesting ($) (2)

DouglasF.Bauer — — 78,142 2,290,679ThomasJ.Mitchell — — 74,374 2,165,315MichaelD.Grubbs — — 46,880 1,308,392DavidC.Lee — — — —GlennJ.Keeler — — 11,030 271,596

__________(1) Representsthenetsharesacquiredafterwithholdingsharesfortaxobligations.(2) Representsthevalueoftheacquiredsharesbasedontheclosingstockpriceonthedateofvesting.

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Pay Ratio Disclosure

AsrequiredbySection953(b)oftheDodd-FrankWallStreetReformandConsumerProtectionAct,andItem402(u)ofRegulationS-K,weareprovidingthefollowinginformationfor2018.AspermittedbyItem402(u),weareusingthesamemedianemployeethatweidentifiedinourproxystatementforour2018annualmeetingofshareholders(“MedianEmployee”).Webelievethattherehavebeennochangesinouremployeepopulationoremployeecompensationarrangementsthatwouldsignificantlyimpactthepayratio.Inmakingthisassessment,wehaveomittedthe64personswhobecameouremployeesinDecember2018asaresultofouracquisitionofDunhillHomes,LLC.

• theannualtotalcompensationofourCEO,Mr.Bauer,was$5,270,086;and

• theannualtotalcompensationofourMedianEmployeewas$124,243.

Basedonthisinformation,for2018theratiooftheannualtotalcompensationofourCEOtothatofourMedianEmployeewas42to1.

Forpurposesofcalculatingthepayratio,wedeterminedtheannualtotalcompensationofourCEOandourMedianEmployeeasfollows:

• AsofDecember31,2017,ouremployeepopulationconsistedof1,251individuals.

• WeidentifiedourMedianEmployeebyrankingfromlowesttohighesttheamountoftotalcashcompensationpaidtoeachoftheseemployees(otherthantheCEO)in2017.Weexcludedfromtherankingeightemployeesthatwerehiredinthelasttwoweeksof2017andreceivednocashcompensationduringtheyear.Totalcashcompensationconsistsofallwages,cashbonuspayments,andothercashpaymentsrepresentingcompensationduringtheperiod.Weannualizedthetotalcashcompensationof242full-timeandpart-timeemployeesincludedinouremployeepopulationwhowerehiredin2017butdidnotworkforustheentireyear.

• Webelievetotalcashcompensationisaconsistentlyappliedcompensationmeasurebecausewedonotwidelydistributeannualequityawardstoemployees,withonlyapproximately8%ofouremployeesreceivingannualequityawardsaspartoftheircompensationpackagein2017.

• WecalculatedtheannualtotalcompensationofourCEOandourMedianEmployeeusingthesamemethodologythatweusetocalculatetheannualtotalcompensationofournamedexecutiveofficersassetforthintheFiscal2018SummaryCompensationTableincludedelsewhereinthisproxystatement,exceptthat,inordertobetterreflectouremployeecompensationpractices,theannualtotalcompensationforourCEOandforourMedianEmployeeincludesthedollarvalueofnon-discriminatoryhealthandwelfarebenefitcontributionsmadebytheCompany,whicharenotrequiredtobereportedascompensationforourCEOintheFiscal2018SummaryCompensationTable.ThedifferencebetweenourCEO’sannualtotalcompensationreportedinthe"Total"columnoftheFiscal2018SummaryCompensationTableandtheannualtotalcompensationsetforthaboverepresentshealthandwelfarebenefitcontributions(inanamountequalto$18,695).ThedifferencebetweenourMedianEmployee’stotalcashcompensationandannualtotalcompensationsetforthabove

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representscontributionstoadefinedcontributionplan(inanamountequalto$2,999)andhealthandwelfarebenefitcontributions(inanamountequalto$18,695).

TheSEC’srulesforidentifyingthemediancompensatedemployeeandcalculatingthepayratiobasedonthatemployee’sannualtotalcompensationallowcompaniestoadoptavarietyofmethodologies,toapplycertainexclusions,andtomakereasonableestimatesandassumptionsthatreflecttheiremployeepopulationsandcompensationpractices.Asaresult,thepayratioreportedbyothercompaniesmaynotbecomparabletothepayratioreportedabove,asothercompanieshavedifferentemployeepopulationsandcompensationpracticesandmayutilizedifferentmethodologies,exclusions,estimatesandassumptionsincalculatingtheirownpayratios.

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DIRECTOR COMPENSATION

Thefollowingtablesetsforththetotalcashandequitycompensationpaidtonon-employeedirectorsfortheirserviceonourBoardofDirectorsandcommitteesofourBoardofDirectorsduringfiscal2018:

Name Fees earned or paid in

cash ($) Stock Awards ($) (1) Total ($)

LawrenceB.Burrows 85,000 139,994 224,994DanielS.Fulton 101,000 139,994 240,994StevenJ.Gilbert 175,000 139,994 314,994VickiD.McWilliams(2) 50,500 109,302 159,802ConstanceB.Moore 111,000 139,994 250,994ThomasB.Rogers 110,000 139,994 249,994

__________(1) TheamountsreportedinthiscolumnreflecttheaggregategrantdatefairvalueofRSUawardstoeachofthenon-employeedirectors,computedin

accordancewithFASBASCTopic718.Amountsshowndonotreflectcompensationactuallyreceivedorthatmayberealizedinthefuturebythedirectors.Foradiscussionoftheassumptionsrelatingtothevaluationoftheawards,pleaseseeNote14.StockBasedCompensationtoourauditedconsolidatedfinancialstatementsincludedinourAnnualReportonForm10‑KforthefiscalyearendedDecember31,2018.

(2) Ms.McWilliamswasappointedtoourBoardofDirectorsonJuly19,2018andreceivedapro-ratedRSUaward.

Compensation of Non-Employee Directors

Directorswhoareemployeesdonotreceiveanycompensationfortheirservicesasdirectors.Thecashandequitycompensationthatwepaytoournon-employeedirectorsiscomprisedofthefollowing:

• anannualcashretainerof$75,000andarestrictedstockawardof$140,000(basedupontheclosingpriceonthedateofgrant);

• anadditionalannualcashretainerof$25,000totheChairoftheAuditCommitteeandanadditionalcashretainerof$16,000fortheothermembersoftheAuditCommittee;

• anadditionalannualcashretainerof$20,000totheChairoftheCompensationCommitteeandanadditionalcashretainerof$10,000fortheothermembersofsuchcommittee;

• anadditionalannualcashretainerof$15,000totheChairoftheNominatingandCorporateGovernanceCommitteeandanadditionalcashretainerof$10,000fortheothermembersofsuchcommittee;and

• anadditionalannualcashretainerof$75,000totheChairmanofourBoardofDirectors.

Wereimburseournon-employeedirectorsforreasonableout-of-pocketexpensesincurredinconnectionwiththeperformanceoftheirdutiesasdirectors,including,butnotlimitedto,travelexpensesinconnectionwiththeirattendancein-personatboardandcommitteemeetings.

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Director Stock Ownership Requirement

Eachofourindependentdirectorsisrequired,withinfiveyearsofbecomingamemberofourBoardofDirectors,toownsharesofcommonstockequaltofivetimestheannualcashretainerpayabletonon-employeedirectors.

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REPORT OF THE AUDIT COMMITTEE

ThisreportoftheAuditCommitteeofourBoardofDirectorsisrequiredbytheSECand,inaccordancewithSECrules,willnotbedeemedtobepartoforincorporatedbyreferencebyanygeneralstatementincorporatingbyreferencethisproxystatementintoanyfilingundertheSecuritiesActof1933,asamended(the"SecuritiesAct")ortheExchangeAct,excepttotheextentthatwespecificallyincorporatethisinformationbyreference,andwillnototherwisebedeemed"solicitingmaterial"or"filed"undereithertheSecuritiesActortheExchangeAct.

TheAuditCommitteehasreviewedanddiscussedwithmanagementourauditedfinancialstatementsforthefiscalyearendedDecember31,2018.TheAuditCommitteehasalsoreviewedanddiscussedwithErnst&YoungLLP,ourindependentregisteredpublicaccountingfirmfor2018,theauditedfinancialstatementsforthefiscalyearendedDecember31,2018.Inaddition,theAuditCommitteediscussedwithErnst&YoungLLPthosemattersrequiredtobediscussedbyAuditingStandardNo.1301:CommunicationswithAuditCommittees,asadoptedbythePublicCompanyAccountingOversightBoard("PCAOB").Additionally,Ernst&YoungLLPprovidedtotheAuditCommitteethewrittendisclosuresandtheletterrequiredbyapplicablerequirementsofPCAOBregardingErnst&YoungLLP'scommunicationswiththeAuditCommitteeconcerningindependence.TheAuditCommitteealsodiscussedwithErnst&YoungLLPtheaccountingfirm'sindependence.

Basedupontheforegoingreviewanddiscussionsdescribedinthisreport,theAuditCommitteerecommendedtoourBoardofDirectorsthattheauditedfinancialstatementsbeincludedinourForm10‑KforthefiscalyearendedDecember31,2018forfilingwiththeSEC.

Respectfullysubmittedby:

THEAUDITCOMMITTEEOFTHEBOARDOFDIRECTORS

ThomasB.Rogers,AuditCommitteeChairDanielS.FultonVickiD.McWilliamsConstanceB.Moore

February20,2019

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MANAGEMENT

Setforthbelowarethenames,agesandpositionsofTRIPointe'sexecutiveofficersasofMarch1,2019.Eachexecutiveofficershallholdofficeuntiltheexecutiveofficer'srespectivesuccessoriselectedandqualifiedoruntiltheexecutiveofficer'searlierdeath,resignationorremoval.

Name Age Position with TRI PointeDouglasF.Bauer 57 ChiefExecutiveOfficerThomasJ.Mitchell 58 PresidentandChiefOperatingOfficerMichaelD.Grubbs 60 ChiefFinancialOfficerandTreasurerGlennJ.Keeler 42 VicePresidentandChiefAccountingOfficerDavidC.Lee 47 VicePresident,GeneralCounselandSecretary

ForbiographicalinformationforMr.DouglasF.Bauer,see"BoardofDirectors—DirectorNominees."

THOMASJ.MITCHELL.Mr.MitchellhasservedasTRIPointe'sPresidentandChiefOperatingOfficersinceJanuary30,2013.HeservedasamemberoftheboardofmanagersofTPHLLCpriortoitsconversionintoacorporation.PriortoformingTPHLLCinApril2009,from1988to2009,Mr.Mitchellservedinseveralcapacities,includingmostrecentlyExecutiveVicePresident,forWilliamLyonHomes,ahomebuildingcompanywhosecommonstockwaslistedontheNYSEfrom1999untilthecompanywastakenprivatein2006.Throughhisvariousroleswithinthatcompany,Mr.Mitchelldevelopedabroadbackgroundandexperienceinallaspectsofresidentialconstructionandlanddevelopment.Priortohis20-yeartenureatWilliamLyonHomes,Mr.MitchellspentovertwoyearswithTheIrvineCompanyintheircommunitydevelopmentgroupandovertwoyearswithPacificSavingsBank.Throughouthiscareer,Mr.Mitchellhasobtainedsignificantexperienceinlandacquisition,landentitlement,landdevelopment,projectplanning,productdesign,constructionoperations,projectandcompanyfinance,salesandmarketing,customersatisfactionandwarrantyservice.Mr.Mitchellhasmorethan30yearsofexperienceintherealestatedevelopmentandhomebuildingindustry.Hisaccomplishmentshavebeenrecognizedby,amongotherthings,himbeingawardedtheOutstandingHomeDesignandNationalHomeoftheYearawardsandbeingidentifiedbyHomeBuilderExecutiveasaTop100President.In2004,Mr.MitchellwasawardedtheBIAInlandEmpireBuilderoftheYear.Mr.MitchellreceivedhisB.A.fromCaliforniaStateUniversityofLongBeach.

MICHAELD.GRUBBS.Mr.GrubbshasservedasTRIPointe'sChiefFinancialOfficerandTreasurersinceJanuary30,2013.PriortoformingTPHLLCinApril2009,from1992to2009,Mr.Grubbsservedinseveralcapacities,includingmostrecentlytheSeniorVicePresidentandChiefFinancialOfficer,forWilliamLyonHomes,ahomebuildingcompanywhosecommonstockwaslistedontheNYSEfrom1999untilthecompanywastakenprivatein2006.Priortohis17-yeartenureatWilliamLyonHomes,Mr.GrubbsspentfiveyearsatKennethLeventhal&CompanywherehespecializedinrealestateaccountingandoverfiveyearsatJ.C.PenneyCompanyConstructionandRealEstateDivisionwhichbuiltretailfacilitiesthroughouttheWesternUnitedStates.Mr.Grubbshasmorethan30yearsofexperienceinresidentialrealestateandhomebuildingfinance.Mr.Grubbsisamember(inactive)oftheAmericanInstituteofCertifiedPublicAccountantsandtheCaliforniaSocietyofCertifiedPublicAccountants.Mr.GrubbsisalsoaformermemberoftheBoardofDirectorsforHomeAidOrangeCounty,acharitableorganizationwiththemissionofbuildingorrenovatingsheltersforthetemporarilyhomeless,whichservesindividualsandfamilieswhofindthemselveswithoutshelterduetosuchfactorsasdomesticviolence,jobloss,catastrophicillnessorcrisispregnancy.HeservedasTreasurerand

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committeechairfortheFinanceFocusGroup.Mr.GrubbsreceivedhisB.A.,magnacumlaude,withhonorsfromArizonaStateUniversity.

GLENNJ.KEELER.Mr.KeelerjoinedTRIPointeinFebruary2013andcurrentlyservesasourVicePresidentandChiefAccountingOfficer.From2011until2013,heservedasCorporateControllerofSTEC,Inc.,apubliclytraded,globalproviderofenterprise-classsolidstatedrives.From2006until2011,Mr.KeelerservedasDirectorofFinanceandControllerofLantronix,Inc.,apubliclytradeddesigner,developer,marketerandsellerofnetworkingandcommunicationsproducts.Mr.KeelerspentsixyearsatErnst&YoungLLPservingclientsintherealestate,technologyandmanufacturingindustries.Mr.KeelerisaCertifiedPublicAccountant(inactive)inCaliforniaandearnedhisB.A.fromCaliforniaStateUniversityDominguezHills.

DAVIDC.LEE.Mr.LeehasservedasourVicePresident,GeneralCounselandSecretarysinceJanuary2018.From2013untiljoiningourmanagementteam,Mr.LeewasapartnerintheOrangeCountyandLosAngelesofficesofK&LGatesLLP,wherehefocusedoncapitalmarketstransactions,mergersandacquisitionsandgeneralcorporateandsecuritiesmatters.From2004to2013,Mr.LeewasacorporateandsecuritieslawyerwithGibson,Dunn&CrutcherLLP,andfrom1998to2004,Mr.LeeservedasspecialcounselintheOfficeofChiefCounselattheU.S.SecuritiesandExchangeCommission'sDivisionofCorporationFinanceandascounseltoanSECCommissioner.Mr.LeereceivedhisB.A.fromUniversityofCalifornia,Riverside,hisM.B.A.fromLoyolaMarymountUniversityandhislawdegreefromLoyolaLawSchool,LosAngeles.

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SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section16(a)oftheExchangeActrequiresTRIPointe'sdirectorsandcertainofficers,andpersonswhoownmorethan10%ofaregisteredclassofTRIPointeequitysecurities,tofilewiththeSECinitialreportsofownershipandreportsofchangesinownershipofTRIPointecommonstockandotherequitysecurities.Certainofficers,directorsandgreater-than-ten-percentstockholdersarerequiredbySECregulationtofurnishTRIPointewithcopiesofallSection16(a)formstheyfile.ToTRIPointe'sknowledge,basedoninformationfurnishedbythesepersons,allSection16(a)filingrequirementsapplicabletoTRIPointe'sdirectors,executiveofficers,andgreater-than-ten-percentstockholderswerecompliedwithonatimelybasisduringthefiscalyearendedDecember31,2018,exceptthatduetoanadministrativeerror,theinitialForm3forMr.Leewasnottimelyfiled.

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CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

Inadditiontothecompensationdescribedinthesectionentitled"ExecutiveCompensation,"ourexecutiveofficers,directorsandotherrelatedpartieswillbeentitledtoreceive,orhavereceivedsincethebeginningofthelastfiscalyear,materialfinancialandotherbenefits,includingthefollowing:

Indemnification Agreements

Wehaveenteredintoanindemnificationagreementwitheachofourdirectorsandourcurrentexecutiveofficers.TheseagreementsrequireustoindemnifytheseindividualstothefullestextentpermittedunderDelawarelawagainstliabilitiesthatmayarisebyreasonoftheirservicetous,andtoadvanceexpensesincurredasaresultofanyproceedingagainstthemastowhichtheycouldbeindemnified.

Conflicts of Interest

TRIPointehasadoptedwrittenCorporateGovernanceGuidelinesthat,amongotherthings,requiredirectorstodisclosetotheChairmanofourBoardofDirectorspersonalorbusinessintereststhatinvolveanactualorpotentialconflictofinterest.Inaddition,ourCodeofBusinessConductandEthicsrequiresthata"RelatedPersonTransaction"mustbeapprovedinadvancebyavoteofamajorityofourdisinterestedandindependentdirectors.A"RelatedPersonTransaction"meansanytransaction,arrangementorrelationshipinwhich(i)TRIPointeisaparticipant,(ii)theamountinvolvedwill,ormaybeexpectedto,exceed$120,000,and(iii)a"RelatedPerson"has,orwillhave,adirectorindirectmaterialinterest."RelatedPerson"means(i)amemberoftheBoardofDirectorsoftheCompanyandanynominee;(ii)anexecutiveofficer(asdefinedunderSecuritiesandExchangeCommissionrules)oftheCompany;(iii)anystockholderbeneficiallyowningmorethanfivepercentofanyoutstandingclassofTRIPointe'svotingsecurities;(iv)anImmediateFamilyMemberofanysuchperson,and(v)anyentityinwhichanypersonidentifiedin(i)through(iii)isemployed,orisapartnerorprincipal(orholdsasimilarposition),orisabeneficialownerofa10%orgreaterdirectorindirectequityinterest."ImmediateFamilyMember"meansanyspouse,child,stepchild,son-in-lawordaughter-in-law,parent,stepparent,mother-in-laworfather-in-law,sibling,brother-in-laworsister-in-lawofaperson,andanypersonsharingthehouseholdofsuchperson(otherthanatenantoremployee).OurChiefExecutiveOfficer,ChiefFinancialOfficerandChiefAccountingOfficer(orpersonsperformingsimilarfunctions)(collectively,"SeniorOfficers"andeacha"SeniorOfficer")mustcomplywithourCodeofEthicsforSeniorExecutiveandFinancialOfficers,whichrequiresthepriorwrittenapprovaloftheAuditCommitteebeforeaSeniorOfficermakesanyinvestment,acceptsanypositionorbenefits,participatesinanytransactionorbusinessarrangementorotherwiseactsinamannerthatcreatesorappearstocreateaconflictofinterest.Neithertheadoptionofthesepoliciesnoranycommunicationconcerningthesepoliciesisintendedtoconstitutearepresentationconcerningpast,presentorfuturecompliancebythepersonssubjecttothem.Wecannotassureyouthatthesepolicieswillbesuccessfulineliminatingtheinfluenceofconflictsofinterest.ThesepoliciesmaybeamendedfromtimetotimeatthediscretionofourBoardofDirectors,withoutavoteofstockholders.

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AUDIT COMMITTEE MATTERS

Independent Registered Public Accounting Firm Fees

ThefollowingtablerepresentsaggregatefeesbilledtousforthefiscalyearsendedDecember31,2018and2017byErnst&YoungLLP.AllfeesbelowwereapprovedbytheAuditCommitteeinconformitywiththeAuditCommittee'spre-approvalprocess.

Year Ended December 31,

2018 2017

AuditFees(1) $2,162,000 $2,325,214

Audit-RelatedFees(2) — —

TaxFees(3) 293,163 463,328

AllOtherFees(4) 2,000 2,000

Total $2,457,163 $2,790,542__________(1) ThesearefeesforprofessionalservicesperformedbyErnst&YoungLLPfortheauditofTRIPointe'sannualfinancialstatements,consentsand

comfortlettersandservicesthatarenormallyprovidedinconnectionwithstatutoryandregulatoryfilingsorengagements.(2) ThesearefeesforassuranceandrelatedservicesperformedbyErnst&YoungLLPthatarereasonablyrelatedtotheperformanceoftheauditor

reviewofTRIPointe'sfinancialstatements,includingconsultingonfinancialaccounting/reportingstandards.(3) ThesearefeesforprofessionalservicesperformedbyErnst&YoungLLPwithrespecttotaxcompliance,taxadviceandtaxplanning.Thisincludes

thepreparationofTRIPointe'sanditsconsolidatedsubsidiaries'originalandamendedtaxreturns,refundclaims,paymentplanning,taxauditassistanceandtaxworkstemmingfrom"Audit-Related"items.

(4) ThesearefeesforotherpermissibleworkperformedbyErnst&YoungLLPthatdoesnotmeettheabovecategorydescriptions.

Policy on Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services

TheAuditCommitteehasresponsibilityforestablishingpoliciesandproceduresforthepre-approvalofauditandnon-auditservicesrenderedbyourindependentregisteredpublicaccountingfirm,Ernst&YoungLLP.TheAuditCommitteehasthesoleauthorityandresponsibilitytoselect,appoint,evaluate,compensate,retainandoverseetheworkofanyindependentregisteredpublicaccountingfirmengagedforthepurposeofpreparingorissuinganauditreportorperformingotheraudit,revieworattestservicesforus(includingresolutionofdisagreementsbetweenmanagementandtheindependentregisteredpublicaccountingfirmregardingfinancialreporting).OurinternalauditingfunctionandtheindependentregisteredpublicaccountingfirmreportsdirectlytotheAuditCommittee.TheAuditCommitteehasthesoleauthoritytoapproveallauditengagementfeesandterms,andtheAuditCommittee,ortheChairoftheAuditCommittee,mustpre-approveanyauditandnon-auditservicesprovidedtousbytheindependentregisteredpublicaccountingfirmandthefeesandtermsthereof(providedthattheChairmaynotpre-approveservicesinexcessof$25,000andmustreportanysuchapprovaltothefullAuditCommitteeatthenextregularlyscheduledmeetingoftheAuditCommittee).

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STOCKHOLDER PROPOSALS FOR 2020 ANNUAL MEETING

Stockholderswhowishtosubmitaproposaltobeconsideredforinclusioninourproxystatementandformofproxyforthe2020AnnualMeetingofStockholdersmaydosobyfollowingtheproceduressetforthinRule14a‑8undertheExchangeAct.Tobeeligibleforinclusion,proposalsmustbesubmittedinwritingandreceivedbyusonorbeforeNovember22,2019atTRIPointeGroup,Inc.,19540JamboreeRoad,Suite300,Irvine,California92612,Attention:CorporateSecretary.

AnystockholderwhointendstonominateanindividualforelectiontoourBoardofDirectorsorsubmitamatterforconsiderationatthe2020annualmeeting,otherthanbysubmittingaproposaltobeincludedinour2020proxystatement,mustgivetimelynoticeaccordingtoourBylaws.OurBylawsprovidethat,tobetimelyforsubmissiontothe2020annualmeeting,astockholder'snoticemustbemailedtoandreceivedatourprincipalexecutiveoffices,at19540JamboreeRoad,Suite300,Irvine,California92612notlessthan90daysnormorethan120dayspriortothefirstanniversaryofthedateonwhichwefirstmailedourproxymaterialsornoticeofavailabilityofproxymaterials(whicheverisearlier)forthe2019annualmeeting;provided,however,thatifthe2020annualmeetingisheldorthe2020annualmeetingdateiscalledforadatethatisnotwithin30daysfromthefirstanniversarydateofthe2019annualmeeting,thenwrittennoticebyastockholderinordertobetimelymustbereceivednoearlierthanthe120thdaybeforethedateofsuchannualmeetingandnotlaterthanthelaterofthe90thdaybeforethedateofsuchannualmeeting,asoriginallyconvened,orthecloseofbusinessonthetenthdayfollowingthedayonwhichthefirstpublicdisclosureofthedateofsuchannualmeetingwasmade.Fortheavoidanceofdoubt,ifthenoticeofproposedmatterornominatedindividualisnotreceivedduringthistime-frame,suchproposalwillbedeemeduntimelyandwillnotbeaccepted.

Foreachmatteranystockholderintendstobringbeforethe2020annualmeeting,thestockholder'snoticemustcomplywithallapplicableprovisionsofourBylaws,includingadescriptionoftheproposalorbusiness(includingthecompletetextofanyresolutionstobepresentedattheannualmeeting,and,intheeventthatsuchbusinessincludesaproposaltoamendourBylaws,thetextoftheproposedamendment),thereasonsforconductingsuchbusinessattheannualmeeting,andanymaterialinterestthestockholderhasinthatbusinessaswellasinformationregardingthestockholder,thenumberofsharesofourcommonstockthatthestockholderownsandarepresentationthatsuchstockholderintendstoappearinpersonorbyproxyattheannualmeeting.AnystockholderproposalsmustalsocomplyinallrespectswiththerulesandregulationsoftheSEC.Formoreinformation,andformoredetailedrequirements,pleaserefertoourAmendedandRestatedBylaws,filedasExhibit3.1toourCurrentReportonForm8‑K,filedwiththeSEConOctober27,2016.

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