Douglas Elliman Executive Compensation Details Revealed

TL;DR

Elliman's DEF 14A is out, showing 2023 exec stock awards & vesting. Check it.

AI Summary

Douglas Elliman Inc. filed a DEF 14A on July 11, 2024, detailing executive compensation and stock awards for the fiscal year ending December 31, 2023. The filing includes information on equity awards granted and vested for both PEO (Principal Executive Officer) and Non-PEO NEOs (Named Executive Officers) during the year, as well as awards granted in prior years that vested in 2023.

Why It Matters

This filing provides transparency into how Douglas Elliman compensates its top executives, offering insights into the company's incentive structures and potential shareholder value alignment.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of executive compensation and does not present immediate financial risks.

Key Numbers

• 2023 — Fiscal Year (Period covered by the compensation data in the filing.)
• 2022 — Prior Fiscal Year (Comparative data may be available for this period.)
• 2021 — Prior Fiscal Year (Comparative data may be available for this period.)

Key Players & Entities

• Douglas Elliman Inc. (company) — Filer of the DEF 14A
• 0001878897-24-000021 (filing_id) — Accession number for the filing
• 20240711 (date) — Filing date
• 2023-12-31 (date) — Fiscal year end for compensation data

FAQ

Filing Documents

• doug-20240711.htm (DEF 14A) — 763KB
• doug-20240711_g1.gif (GRAPHIC) — 4KB
• doug-20240711_g2.jpg (GRAPHIC) — 40KB
• doug-20240711_g3.jpg (GRAPHIC) — 39KB
• doug-20240711_g4.jpg (GRAPHIC) — 38KB
• doug-20240711_g5.jpg (GRAPHIC) — 41KB
• doug-20240711_g6.jpg (GRAPHIC) — 16KB
• 0001878897-24-000021.txt ( ) — 1792KB
• doug-20240711.xsd (EX-101.SCH) — 4KB
• doug-20240711_def.xml (EX-101.DEF) — 5KB
• doug-20240711_lab.xml (EX-101.LAB) — 7KB
• doug-20240711_pre.xml (EX-101.PRE) — 4KB
• doug-20240711_htm.xml (XML) — 101KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 3 EXECUTIVE OFFICERS OF THE COMPANY 5 PROPOSAL 1 -- NOMINATION AND ELECTION OF DIRECTORS 5 COMPENSATION DISCUSSION AND ANALYSIS 12 202 3 SUMMARY COMPENSATION TABLE 23 CEO PAY RATIO 25 PAY VERSUS PERFORMANCE 27 GRANTS OF PLAN-BASED AWARDS IN 2023 30 OUTSTANDING EQUITY AWARDS AT DECEMBER 31, 2023 32 STOCK VESTED IN YEAR ENDED DECEMBER 31, 2023 32 PENSION BENEFITS AT 2023 FISCAL YEAR END 33 COMPENSATION OF DIRECTORS 35 AUDIT COMMITTEE REPORT 36 EQUITY COMPENSATION PLAN INFORMATION 37 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 38 PROPOSAL 2 -- RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 39 PROPOSAL 3 -- ADVISORY VOTE ON EXECUTIVE COMPENSATION (THE "SAY-ON-PAY" VOTE) 39 PROPOSAL 4 -- ADVISORY VOTE ON STOCKHOLDER PROPOSAL - DECLASSIFY BOARD OF DIRECTORS 40 MISCELLANEOUS 43 HOUSEHOLDING OF ANNUAL MEETING MATERIALS 45 DOUGLAS ELLIMAN INC. 4400 Biscayne Boulevard Miami, Florida 33137 _______________________________________________________ PROXY STATEMENT _______________________________________________________ INTRODUCTION The board of directors (the "Board") of Douglas Elliman Inc., a Delaware corporation (the "Company" or "Douglas Elliman") is soliciting the proxy accompanying this proxy statement for use at the annual meeting of stockholders to be held virtually via the Internet on Thursday, August 21, 2024, at 10:00 a.m., eastern time, and at any postponement or adjournment. The Company's principal executive offices are located at 4400 Biscayne Boulevard, 10th Floor, Miami, Florida 33137, and its telephone number is (305) 579-8000. We have determined that the annual meeting will be held in a virtual meeting format only, via the Internet, with no physical in-person meeting. You may attend the annual meeting, submit questions and vote your shares electronically during the meeting via live webcast at h

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth, as of June 28, 2024, the beneficial ownership of the Company's Common Stock, the only class of voting securities, by: each person known to the Company to own beneficially more than five percent of the Common Stock; each of the Company's directors and nominees; each of the Company's named executive officers shown in the 2023 Summary Compensation Table below; and all directors and executive officers as a group. Unless otherwise indicated, each person possesses sole voting and investment power with respect to the shares indicated as beneficially owned. Unless otherwise noted, the business address of each listed beneficial owner is c/o Douglas Elliman Inc., 4400 Biscayne Boulevard, Miami, Florida 33137. Name and Address of Beneficial Owner Number of Shares Percent of Class Dr. Phillip Frost (1) 4400 Biscayne Boulevard Miami, FL 33137 7,550,618 8.23 % Howard M. Lorber (2) (4) (5) 6,685,779 7.29 % BlackRock, Inc. (3) 55 East 52nd Street New York, NY 10055 5,736,333 6.25 % Richard J. Lampen (4) (5) (6) 2,046,047 2.23 % David K. Chene (7) (8) — — Patrick J. Bartels Jr. (7) — — Ronald J. Kramer (9) 175,060 (*) Michael Liebowitz (4) (10) (11) 296,880 (*) Lynn Mestel (9) 144,560 (*) Wilson L. White (4) (10) 146,397 (*) Mark D. Zeitchick (4) (10) 144,560 (*) J. Bryant Kirkland III (5) (12) 728,899 (*) Marc N. Bell (5) (13) 352,495 (*) Scott J. Durkin (14) (18) 327,772 (*) J. David Ballard (5) (13) 178,835 (*) Daniel A. Sachar (5) (15) 114,805 (*) Lisa M. Seligman (5) (16) (18) 95,905 (*) Stephen T. Larkin (5) (17) (18) 133,485 (*) All directors and executive officers as a group (14 persons) 11,571,479 12.62 % ___________________________ (*) The percentage of shares beneficially owned does not exceed 1% of the outstanding Common Stock. 3 (1) Based upon Schedule 13-G filed by Dr. Frost with the SEC on February 3, 2023, which reports ownership of

View Full Filing

View this DEF 14A filing on SEC EDGAR