Companies Douglas Elliman Inc.
Douglas Elliman (DOUG): executive pay, fiscal 2025
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CEO pay, last three years
- $9,027,449FY2024
- $2,300,000FY2025
CEO total pay was $2,300,000 in fiscal 2025, down from $9,027,449 in fiscal 2024.
FY2025: salary $800,000 · bonus $1,500,000 · stock awards $0 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Michael Liebowitz | $800,000 | $1,500,000 | $0 | $0 | $0 | $0 | $0 | $2,300,000 |
| President and Chief Executive Officer | ||||||||
| Bradley Brodie | 212,596 | 250,000 | 614,375 | 0 | 0 | 0 | 0 | 1,076,971 |
| Senior Vice President, General Counsel and Secretary | ||||||||
| J. Bryant Kirkland III | 621,863 | 390,000 | 0 | 0 | 0 | 0 | 54,200 | 1,066,063 |
| Executive Vice President, Treasurer and Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Michael Liebowitz | $2,300,000 | $9,027,449 | — | ↓ −6,727,449 |
| Bradley Brodie | 1,076,971 | — | — | — |
| J. Bryant Kirkland III | 1,066,063 | 1,360,911 | 497,498 | ↓ −294,848 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The compensation and human capital committee's Executive Compensation Philosophy outlines its intent to ensure alignment of pay and performance against annual and long-term goals, provide long-term and short-term incentives that pay out in alignment with stockholder value creation, provide competitive levels of compensation, and attract talented executives and retain them for the benefit of the Company and its subsidiaries.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pearl Meyer & Partners LLC |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Richard J. Lampen | RSU | 2024-02-29 | — | — | 525,000 | — | $960,750 |
| Bradley Brodie | PSU | — | — | — | — | — | 614,375 |
| Stephen T. Larkin | RSU | 2024-02-29 | — | — | 50,000 | — | 91,500 |
| Howard M. Lorber | RSU | 2024-02-29 | — | — | 1,325,000 | — | 2,424,750 |
| J. Bryant Kirkland III | RSU | 2024-02-29 | — | — | 150,000 | — | 274,500 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Richard J. Lampen | $960,750 | $0 | $0 | 0.0% |
| Bradley Brodie | 0 | 614,375 | 0 | 100.0% |
| Stephen T. Larkin | 91,500 | 0 | 0 | 0.0% |
| Howard M. Lorber | 2,424,750 | 0 | 0 | 0.0% |
| J. Bryant Kirkland III | 274,500 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| J. Bryant Kirkland III | RSU | 75,000 | — | $177,750 |
| J. Bryant Kirkland III | RSU | 150,000 | — | 355,500 |
| Bradley Brodie | RSU | 250,000 | — | 592,500 |
| Michael Liebowitz | RSU | 1,000,000 | — | 2,370,000 |
| Michael Liebowitz | PSU | 1,550,000 | — | 3,673,500 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Perry WeitzIndependent · Audit · Partial-year service · Newly elected | $13,628 | $151,465 | $0 | $0 | $381 | $165,474 |
| Richard J. LampenNot independent · Not standing for re-election · Departed during FY | — | — | 0 | 0 | — | — |
Board fee structure and ownership guideline
| Annual cash retainer | $75,000 |
|---|---|
| Annual equity retainer | $150,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 10,000 / 10,000 / 10,000 |
| Stock ownership guideline | Stock Ownership Guidelines |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $13,628 |
| Equity awards (grant-date value) | $151,465 |
| All other compensation | $381 |
| Total cost of the board | $165,474 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Douglas Elliman as a peer
Companies that benchmark against DOUG
1 company names DOUG as a compensation peer
- HEIDRICK & STRUGGLES INTERNATIONAL INCHSIIFY2024
- Marcus & Millichap, Inc.MMIFY2025
Each company listed discloses DOUG in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named DOUG in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Douglas Elliman Inc. | 2025 | Michael Liebowitz | $800,000 | $0 | $0 | $0 | $2,300,000 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-18 | 34,611,231 | 21,224,428 | 7,954,183 | 61.99% | Passed |
| 2025 | 2025-06-25 | 41,514,167 | 13,250,771 | 3,067,019 | 75.8% | Passed |
| 2024 | 2024-08-21 | 48,942,431 | 14,937,168 | 348,694 | 76.62% | Passed |
| 2023 | 2023-07-27 | 48,420,697 | 18,802,176 | 586,692 | 72.03% | Passed |
| 2022 | 2022-06-29 | 36,222,557 | 26,034,735 | 493,032 | 58.18% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-06-18 | 61.99%a |
| 2025 | 2025-06-25 | 75.8%b |
| 2024 | 2024-08-21 | 76.62%c |
a. Approved under the standard stated in the filing — “Abstentions and votes withheld have no effect on any matters presented at the meeting.”.
b. Approved under the standard stated in the filing — “Abstentions and votes withheld have no effect on any matters presented at the meeting.”.
c. Approved under the standard stated in the filing — “Abstentions and votes withheld have no effect on any matters presented at the meeting.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Bradley Brodie | SVP, General Counsel,Secretary | 2026-08-13 | D | 24,593 | $2 | $49,370 | Common | Form 4 ↗ |
| Sanghyun Lee | Director | 2026-08-14 | A | 74,627 | 0 | 0 | Common | Form 4 ↗ |
| Justyn Feldman | Director | 2026-08-14 | A | 74,627 | 0 | 0 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
Sources (21 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Michael Liebowitz. DEF 14A, filed 2026-04-30. Section “2025 Summary Compensation Table” · page 10. As printed: 2,300,000. View filing ↗
- Section 01, Bradley Brodie. DEF 14A, filed 2026-04-30. Section “2025 Summary Compensation Table”. As printed: 1,076,971. View filing ↗
- Section 01, J. Bryant Kirkland III. DEF 14A, filed 2026-04-30. Section “2025 Summary Compensation Table”. As printed: 1,066,063. View filing ↗
- Section 03, Richard J. Lampen RSU. DEF 14A, filed 2025-04-30. Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
- Section 03, Bradley Brodie PSU. DEF 14A. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Stephen T. Larkin RSU. DEF 14A, filed 2025-04-30. Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
- Section 03, Howard M. Lorber RSU. DEF 14A, filed 2025-04-30. Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
- Section 03, J. Bryant Kirkland III RSU. DEF 14A, filed 2025-04-30. Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-30. Section “CEO Pay Ratio”. As printed: —. View filing ↗
- Section 08, Perry Weitz. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 165,474. View filing ↗
- Section 08, Richard J. Lampen. DEF 14A, filed 2025-04-30. Section “Director Compensation”. As printed: —. View filing ↗
- Section 02, Bradley Brodie 2026-08-13. Form 4, filed 2026-08-14. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Sanghyun Lee 2026-08-14. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Justyn Feldman 2026-08-14. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-06-18. Item 5.07 · say-on-pay result. As reported: 61.99% (votes for as printed: 34,611,231). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-06-26. Item 5.07 · say-on-pay result. As reported: 75.8% (votes for as printed: 41,514,167). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-08-21. Item 5.07 · say-on-pay result. As reported: 76.62% (votes for as printed: 48,942,431). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 13,628 + equity 151,465 + all other 381 = 165,474, summed across the director compensation table rows.
- Douglas Elliman Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Douglas Elliman Inc.'s own proxy. As printed: 2,300,000. View filing ↗