Real Estate
Douglas Elliman Executive Compensation (FY25)
DOUG · Miami, FL · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Michael Liebowitz | Latest say-on-pay support = June 18, 2026 |
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Data as of November 4, 2026Latest filing (8-K): June 18, 2026
10 filings cited on this page
Method: intel.velarion.ai/methodology
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136 figures on this page: 131 cited to the filing that reported them, 5 calculated from figures it prints. See the citations
More on Douglas Elliman
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Michael Liebowitz: $9,027,449 → $2,300,000 (74.5% lower)
Say-on-pay support: 75.8% → 62.0% (13.8 points lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Douglas Elliman's chief executive and what were they paid?
Michael Liebowitz was paid $2,300,000 in total compensation as President and Chief Executive Officer for fiscal 2025. Compared with the $9,027,449 reported for fiscal 2024, Liebowitz's total was 74.5% lower.
What was Douglas Elliman's say-on-pay result?
Shareholders supported the say-on-pay proposal with 62.0% of votes cast for or against in favor at the meeting held June 18, 2026 for fiscal 2025.
Which companies are in Douglas Elliman's peer group?
The disclosed peer group includes Anywhere Real Estate Inc., Colliers International Group Inc., Compass Inc., Doma Holdings Inc. and eXp World Holdings, Inc., among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Howard Lorber Chairman, President and Chief Executive Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Scott Durkin President and Chief Operating Officer of Douglas Elliman Realty, LLC | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Richard Lampen Executive Vice President and Chief Operating Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
J. David Ballard Senior Vice President, Enterprise Efficiency and Chief Technology Officer | ◇ | ◇ | — | — | — | — | — | ◇ |
J. Bryant Kirkland III Senior Vice President, Chief Financial Officer and Treasurer | — | — | — | — | — | — | — | — not reported |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Howard Lorber President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Richard Lampen Executive Vice President and Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Scott Durkin President and Chief Executive Officer of Douglas Elliman Realty, LLC | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
J. David Ballard Senior Vice President, Enterprise Efficiency and Chief Technology Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
J. Bryant Kirkland III Senior Vice President, Chief Financial Officer and Treasurer | — | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Liebowitz President and Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | — | ◇ |
Howard Lorber Former President and Chief Executive Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Richard Lampen Former Executive Vice President and Chief Operating Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
J. Bryant Kirkland III Executive Vice President, Secretary, Treasurer and Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Stephen Larkin Vice President of Communications | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Liebowitz President and Chief Executive Officer | ◇ | ◇ | — | — | — | — | — | ◇ |
Bradley Brodie Senior Vice President, General Counsel and Secretary | ◇ | ◇ | ◇ | — | — | — | — | ◇ |
J. Bryant Kirkland III Executive Vice President, Treasurer and Chief Financial Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Bradley Brodie | PSU | — | — | — | — | — | — | ◇ |
| Howard M. Lorber | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| J. Bryant Kirkland III | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Richard J. Lampen | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Stephen T. Larkin | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Michael Liebowitz | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Bradley Brodie | RSU | ◇ | ◇ | — | — |
| J. Kirkland | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
Michael Liebowitz
President and Chief Executive Officer · Employment agreement
| Change-in-control multiple | ◇ |
| Change-in-control base | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Non-compete period | ◇ |
| Non-solicit period | ◇ |
| Clawback | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Perry Weitz | ◇ | ◇ | — | — | — | ◇ | ◇ |
Richard J. Lampen served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as Restricted Stock.
Stock ownership guideline: Stock Ownership Guidelines
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2023
- Anywhere Real Estate Inc. HOUS
- Colliers International Group Inc. CIGI
- Compass Inc. COMP
- Doma Holdings Inc. LIND
- eXp World Holdings, Inc. EXPI
- LendingTree, Inc. TREE
- loanDepot, Inc. LDI
- Marcus & Millichap, Inc. MMI
- Newmark Group, Inc. NMRK
- Offerpad Solutions Inc. symbol not shown
- Opendoor Technologies Inc. OPEN
- Radian Group Inc. RDN
- RE/MAX Holdings Inc. RMAX
- Redfin Corporation RDFN
- Stewart Information Services Corporation STC
- Walker & Dunlop, Inc. WD
- Zillow Group, Inc. Z
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 18, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | June 25, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | August 21, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | July 27, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | June 29, 2022 | = | ◇ | ◇ | ◇ |
Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- Michael Liebowitz (President and Chief Executive Officer), FY2025 total compensation $2,300,000 (base salary $800,000) [exec_comp, SEC accession 0001878897-26-000021, filed 2026-04-30]What this page does not include
Everything above is a fact Douglas Elliman disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Douglas Elliman sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceSay-on-pay responsiveness
Douglas Elliman recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysisAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about accessMultiple companies at once
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
136 figures on this page: 131 cited to the filing that reported them, 5 calculated from figures it prints.
131 cited to the filing
5 calculated from the filing
Documents cited
- 0001878897-26-000036Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001878897-26-0000212025 Summary Compensation Table · COMPENSATION OF DIRECTORS · NON-EMPLOYEE DIRECTOR COMPENSATION IN FISCAL YEAR 2025 · OUTSTANDING EQUITY AWARDS AT DECEMBER 31, 2025
- 0001878897-25-000043Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001878897-25-000024EXECUTIVE COMPENSATION · Executive Compensation Tables
- 0001878897-24-000057EX-10.9
- 0001878897-24-000033Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001878897-24-000021SUMMARY COMPENSATION TABLE
- 0001878897-23-000034Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001878897-23-0000242022 SUMMARY COMPENSATION TABLE
- 0001878897-22-000030
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Douglas Elliman executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/DOUG (accessed 2026).
Short form: data: Velarion
The paid brief for Douglas Elliman
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $500 for the board report; $900 for both.
10 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Real Estate rankings
Peers Douglas Elliman discloses
The companies named in DOUG's own disclosed peer group.
Terms on this page
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}