Newmark amends CEO Gosin's employment agreement; $1M salary, $1.5M bonus, $40M equity grant through 2025

NEWMARK GROUP, INC.

CEO Barry Gosin's new contract runs through Dec 31, 2025 (or 2024 if he gives 6 months' notice).
Annual salary remains $1,000,000; guaranteed annual cash bonus of $1,500,000 for 2022-2025.
Grant of 1,145,475 NPSUs (value $40M) representing $10M/year equity award, converting to PSUs subject to revenue thresholds and service.
If terminated without cause after change of control, lump-sum payment of $12.5M and accelerated equity vesting.
Non-compete period of 2 years post-employment with monthly payments of $83,333.33.

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