secwatch.observer — SEC 8-K summary
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Issuer:     COSTAR GROUP, INC. (CSGP)
CIK:        0001057352
Form:       8-K
Filed at:   2024-06-18T23:59:59+00:00
Accession:  0001057352-24-000077
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoStar Group appoints Christian Lown as CFO effective July 1, 2024
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- Lown joins from Freddie Mac where he served as EVP and CFO since June 2020.
- Annual base salary of $550,000; target incentive award of 95% of base salary, max 190%.
- Receives restricted stock award with grant-date value of $2,750,000 vesting over 3 years.
- Severance: 12 months base salary plus COBRA if terminated without cause within first year; 6 months thereafter.
- Lown brings 25+ years of experience in banking, finance, and real estate, including 11 years at Morgan Stanley.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057352/000105735224000077/0001057352-24-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057352/000105735224000077/csgp-20240618.htm
  HTML page:      https://secwatch.observer/filing/0001057352-24-000077

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