HHH appoints ex-Arch Capital CEO Marc Grandisson to board; buys $10M warrants

Howard Hughes Holdings Inc.

Marc Grandisson appointed to HHH board effective May 7, 2026, replacing Ben Hakim, who resigned with no disagreement.
Grandisson invests $10M to purchase warrants for 1,131,273 HHH shares at $100 strike price, five-year term, four-year transfer restriction.
Grandisson was Arch Capital CEO (2018-2024), delivering 298% TSR during tenure; expected to join Pershing Square as partner in March 2027.
Appointment comes ahead of HHH's planned close of Vantage Group Holdings acquisition this quarter.

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Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Howard Hughes Holdings Inc. issued 1,131,273 shares of the Company’s common stock of warrant to Mr. Grandisson for $10,000,000 for the Warrants.

Security: warrant
Shares: 1,131,273 shares of the Company’s common stock
Purchaser: Mr. Grandisson
Consideration: $10,000,000 for the Warrants

Exact text from the filing

On April 20, 2026, Howard Hughes Holdings Inc. (the “Company”) entered into a warrant agreement with Mr. Grandisson, pursuant to which Mr. Grandisson agreed to purchase warrants (the “Warrants”) to acquire 1,131,273 shares of the Company’s common stock, par value $0.01 per share, at an exercise price equal to $100 per share, in a non-brokered private placement. Mr. Grandisson paid a purchase price of $10,000,000 for the Warrants

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Howard Hughes Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-046045

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