secwatch.observer — SEC 8-K summary
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Issuer:     NEWMARK GROUP, INC. (NMRK)
CIK:        0001690680
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001193125-23-037408
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690680/000119312523037408/0001193125-23-037408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690680/000119312523037408/d346660d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-037408

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