secwatch.observer — SEC 8-K summary
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Issuer:     NEWMARK GROUP, INC. (NMRK)
CIK:        0001690680
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001213900-24-067695
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newmark CEO Barry Gosin extends contract to Dec 2026; receives $5M retention bonus and $20M NPSU grant
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- Term extended through Dec 31, 2026; CEO's right to terminate on Dec 31, 2024 removed.
- One-time cash payment of $5,000,000 as retention bonus for continued service.
- New NPSU grant of $20M: $5M for 2025 and $15M for 2026, vesting in installments.
- Annual total contractual compensation remains $17.5M for 2024-2026 ($1M salary + $16.5M in NPSUs/cash).
- 1,145,476 prior NPSUs accelerated to convert to PSUs immediately instead of December 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690680/000121390024067695/0001213900-24-067695-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690680/000121390024067695/ea0210922-8k_newmark.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-067695

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