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Newmark Group (NMRK) has shared an update.
Barry Gosin, CEO of Newmark Group, Inc., agreed to a new employment contract extending his tenure until the end of 2026, which includes significant financial incentives such as a $5 million one-time cash payment and annual compensation of $17.5 million, matching his 2023 earnings. The updated agreement also outlines provisions for additional non-distribution earning partnership units and allows Mr. Gosin to engage in personal real estate investments under certain conditions, enhancing his overall remuneration package and aligning with the company’s performance requirements.
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