Douglas Elliman enters CEO employment agreement with Michael Liebowitz

Douglas Elliman Inc.

Liebowitz gets $800k salary, $800k signing bonus (pro-rata clawback if terminated without cause within 2 years).
1.5M restricted shares vesting over 3 years; 1.55M PSUs with performance stock price targets of $3, $4, $5+ for payout.
PSU payout ranges from 775k to 2.325M shares based on 30-day VWAP at end of 3-year performance period.
Severance without cause: 6 months base salary, prorated bonus, RSU acceleration, pro-rata PSUs (none if <1yr in).
Change of control: 2x base salary lump sum, full RSU vest, PSU acceleration with price at change of control.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Michael Liebowitz

Chief Executive Officer

DOUG · Douglas Elliman Inc.

Effective: 2024-10-22
Filed: November 25, 2024, 6:59 PM ET

On November 24, 2024, Douglas Elliman Inc. (the “Company”) entered into an employment agreement, effective as of October 22, 2024 (the “Liebowitz Employment Agreement”), with Michael Liebowitz, which sets forth the terms and conditions of his employment as the Company’s Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Liebowitz was appointed as Chief Executive Officer at Douglas Elliman Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On November 24, 2024, Douglas Elliman Inc. (the “Company”) entered into an employment agreement, effective as of October 22, 2024 (the “Liebowitz Employment Agreement”), with Michael Liebowitz, which sets forth the terms and conditions of his employment as the Company’s Chief Executive Officer.

View on SEC.gov

Douglas Elliman Inc. filing history →

Source: SEC EDGAR

accession 0001878897-24-000057

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.