President L. Jay Cross retires effective June 30, 2025; receives $4.57M in cash plus equity acceleration

Howard Hughes Holdings Inc.

Cross will step down as President and executive officer on June 30, 2025, vs. prior Dec 1 non-renewal.
Separation package: $317,308 base salary through Dec 1, $1.95M 2025 bonus, and $2.3M discretionary cash payment.
29,980 restricted shares and 17,208 stock options vest immediately; 41,926 performance shares remain outstanding.
COBRA premiums reimbursed through Dec 31, 2025; standard release and nondisparagement obligations apply.
2025 annual meeting set for Sept 30; record date Aug 4; shareholder proposal deadlines June 23 (14a-8) and July 2 (other).

item 5.02item 8.01item 9.01

Executive movements

Departed

L. Jay Cross

President

HHH · Howard Hughes Holdings Inc.

Effective: 2025-06-30
Filed: Jun 10, 2025 23:59 UTC

The Company and Mr. Cross have now agreed that Mr. Cross will retire from and cease to be an executive officer of the Company effective June 30, 2025.

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