secwatch.observer — SEC 8-K summary
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Issuer:     NEWMARK GROUP, INC. (NMRK)
CIK:        0001690680
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0001193125-22-256784
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newmark CFO Rispoli signs new 5-year contract with 750,000 RSUs and change-of-control protections
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- Annual salary unchanged at $850,000; initial term of 5 years with automatic 1-year renewals.
- Granted 500,000 RSUs and 250,000 RSUs, each vesting 1/7 annually over 7 years with staggered start dates.
- Change-of-control clause: if Cantor/Lutnick loses control, unvested RSUs and partnership units accelerate ratably over 3 years.
- Post-change-of-control termination without cause triggers $1.5M lump-sum severance plus medical benefits.
- Two-year non-compete and three-year non-solicit of employees/clients apply post-termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690680/000119312522256784/0001193125-22-256784-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690680/000119312522256784/d376780d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-256784

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