leadership
confidence high
sentiment neutral
materiality 0.35
AGNT corrects CEO Pareja equity-vesting disclosure; confirms $1.8M salary and Oct. 8 appointment
eXp World Holdings, Inc.
- Amendment corrects that on a qualifying termination after the 24-month post-change-in-control period, Pareja's unvested time-based awards vest in full, not pro rata.
- Pareja appointed CEO effective Oct. 8, 2026, succeeding Glenn Sanford, who remains Chairman; Sanford recommended the succession and ended employment roles.
- Pareja's base salary is $1,800,000; promotional grant includes 1,060,814 performance options (0-200% of target TSR vesting) and 573,588 RSUs over three years.
- 2027 annual equity award has $4,897,500 grant-date value, split 50% options and 50% RSUs; qualifying termination gives 18 months salary plus up to 12 months COBRA.
- Pro rata vesting now applies only to qualifying terminations not following a change in control; Employment Agreement terms are otherwise unchanged.