---
schema_version: "secwatch.filing_event.v1"
accession: "0001878897-24-000057"
form_type: "8-K"
ticker: "DOUG"
cik: "0001878897"
company_name: "Douglas Elliman Inc."
filed_at: "2024-11-25T23:59:59+00:00"
generated_at: "2026-05-29T19:08:49.394243+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Douglas Elliman enters CEO employment agreement with Michael Liebowitz

## Summary
- 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.

## SEC filing metadata
- accession: 0001878897-24-000057
- form_type: 8-K
- ticker: DOUG
- cik: 0001878897
- company_name: Douglas Elliman Inc.
- filed_at: 2024-11-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1878897/000187889724000057/0001878897-24-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878897/000187889724000057/doug-20241124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001878897-24-000057
- JSON: https://secwatch.observer/filing/0001878897-24-000057.json
- Plain text: https://secwatch.observer/filing/0001878897-24-000057.txt

## Key facts
- Executive change
  Michael Liebowitz was appointed as Chief Executive Officer at Douglas Elliman Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1878897/000187889724000057/0001878897-24-000057-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.