Newmark awards Chairman/CEO Howard Lutnick $50M retention bonus for Nasdaq monetization success

NEWMARK GROUP, INC.

$50M cash retention bonus to Chairman/CEO Howard Lutnick for his role in Nasdaq stock monetization transactions.
$20M payable within 3 days; $10M each on 1st, 2nd, 3rd anniversary vesting dates.
Unvested amounts forfeited if Lutnick ceases as Chairman/principal executive officer before vesting, unless terminated without cause or after change in control.
Compensation Committee approved after independent advisor analysis; Lutnick recused from deliberations.

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