PULTEGROUP INC/MI/

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

(RULE 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

(Amendment No.)

Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐

Check the appropriate box:

PulteGroup, Inc.

(Name of Registrant as Specified in its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

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March 13, 2026

Dear Shareholders of PulteGroup:

On behalf of the full Board of Directors, I reaffirm our commitment to providing rigorous oversight of PulteGroup’s management team as they continue executing the Company’s long-term strategy to create shareholder value. Executing against this strategy, PulteGroup continues to generate strong returns while thoughtfully allocating capital to its business, returning value to shareholders, and maintaining a strong balance sheet.

Despite challenging and variable market conditions in 2025, we are pleased to report that our PulteGroup management team delivered another year of strong operating and financial results that are in alignment with its strategic initiatives:

•Closed over 29,500 homes and generated home sale revenues of $16.7 billion.

•Reported full-year gross and operating margins of 26.3% and 16.9%, respectively.

•Generated cash flow from operations of $1.9 billion.

•Realized a return on equity* for the year of 18%.

•And, ended the year with $2.0 billion of cash, after investing $5.2 billion in the business and returning $1.4 billion to shareholders through share repurchases and dividends.

In light of the interest rate volatility experienced in 2025—and its impact on affordability and buyer demand—we want to recognize the strong performance of the entire PulteGroup organization in navigating a highly dynamic market environment.

I also want to express the Board's appreciation for the over 20 years of exemplary service that Board member Brian Anderson has provided to PulteGroup. Brian helped the Company navigate the economic downturn in 2008 and helped us shape our current strategy and also chaired our Audit Committee for most of his tenure. We congratulate Brian on his retirement from Board service and thank him for his many contributions.

We are pleased to welcome Kristin Gannon to our Board. Kristin joined our Board in February and brings extensive real estate and capital markets experience. We also look forward to Ben Schall joining the Board, subject to his election by our shareholders at PulteGroup’s 2026 Annual Meeting of Shareholders. Ben's background will further strengthen the Board's consumer and real estate expertise.

We look forward to your participation in PulteGroup’s 2026 Annual Meeting of Shareholders, which will be held on April 29, 2026, at 3:00 p.m. ET. Our Board of Directors has fixed the close of business on March 5, 2026, as the record date for determining those holders of our common stock entitled to notice of, and to vote at, the Annual Meeting of Shareholders and any adjournments or postponements thereof.

Given the opportunity for expanded shareholder participation, PulteGroup’s 2026 Annual Meeting will again be held virtually. You will be able to access the live audio webcast of the meeting by visiting www.virtualshareholdermeeting.com/PHM2026. At the time of the meeting, you will be able tovote your shares electronically and submit your questions through the virtual meeting platform. To participate in the meeting, you must have your 16-digit control number that is shown on your Notice of Internet Availability of Proxy Materials or on your proxy card if you elected to receive proxy materials by mail. Please note that in-person attendance at the 2026 Annual Meeting cannot be accommodated.

The Notice of Annual Meeting of Shareholders and Proxy Statement, both of which accompany this letter, provide details regarding the business to be conducted at the meeting, including proposals for: the election of directors; the ratification of the appointment of Ernst & Young LLP as our independent registered accounting firm for 2026; and an advisory vote to approve the compensation of our named executive officers.

The Board of Directors recommends that you vote “FOR” the eleven director nominees named in this Proxy Statement, and “FOR” each of Proposals 2 and 3.

Your vote is very important, so please vote your shares promptly, whether or not you expect to attend the meeting. You may vote over the Internet, as well as by telephone, or, if you requested to receive printed proxy materials, by mailing a proxy card or voting instruction form, as applicable.

Sincerely,

Thomas J. Folliard

Non-Executive Chairman of the Board of Directors

• The Company's return on equity is calculated as net income for the trailing twelve months divided by average shareholders' equity, where average shareholders' equity is the sum of ending shareholders' equity balances of the trailing five quarters divided by five.

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NOTICE OF 2026 ANNUAL MEETING OF SHAREHOLDERS

How To Vote In Advance

Your vote is important. We encourage you to vote promptly, whether or not you plan to attend the meeting. In accordance with the rules and regulations adopted by the Securities and Exchange Commission, instead of mailing a printed copy of our proxy materials, we are furnishing proxy materials to our shareholders over the internet. Make sure to have your proxy card, voting instruction form or Notice of Internet Availability of Proxy Materials and Notice of Annual Meeting in hand and follow the instructions.

By Telephone: You can vote your shares by calling 1-800-690-6903 within the USA, US territories and Canada on a touchtone phone

By Internet: You can vote your shares online at www.proxyvote.com

By Mail: If you received a proxy card by mail, you can vote your shares by signing and returning the proxy card in the postage-paid envelope.

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON APRIL 29, 2026. The Company’s Proxy Statement for the 2026 Annual Meeting of Shareholders and the Annual Report on Form 10-K for the fiscal year ended December 31, 2025 are available at: www.virtualshareholdermeeting.com/PHM2026.

By Order of the Board of Directors

TODD N. SHELDON

Executive Vice President, General Counsel and Corporate Secretary

Atlanta, Georgia

March 13, 2026

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PROXY SUMMARY

This summary highlights selected information about the items to be voted on at the 2026 annual meeting of shareholders (together with any postponements or adjournments thereof, the “annual meeting”) of PulteGroup, Inc. (“PulteGroup,” the “Company,” “we” or “our”). This summary does not contain all of the information that you should consider in deciding how to vote. You should read the entire Proxy Statement before voting.

Meeting Agenda and Voting Recommendations

PROPOSAL ONE

Election of Directors

DIRECTOR NOMINEES

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PROXY SUMMARY

BOARD NOMINEE HIGHLIGHTS

GOVERNANCE HIGHLIGHTS

PulteGroup has a long-standing commitment to strong corporate governance and throughout the years has evolved its governance framework to align with evolving best practices. In particular, we believe that the following corporate governance features help us best serve the interests of our shareholders:

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PROXY SUMMARY

PROPOSAL TWO

PROPOSAL THREE

Say-on-Pay: Advisory Vote to Approve Executive Compensation

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PROXY SUMMARY

EXECUTIVE COMPENSATION HIGHLIGHTS

Our executive compensation program is designed to reward executives for producing sustainable growth and improving shareholder returns consistent with our strategic plan and to align compensation with the long-term interests of our shareholders. In accordance with this pay for performance philosophy, PulteGroup compensates its named executive officers using a mix of cash and equity compensation elements with an emphasis on short-term and long-term performance:

PulteGroup is also committed to having strong governance standards with respect to our executive compensation program, policies and practices. Consistent with this focus, we maintain the following policies and practices that we believe demonstrate our commitment to executive compensation best practices.

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PROXY SUMMARY