Andrew C. Florance is the CEO and President of CoStar Group, a major player in the real estate information and analytics sector. He holds a B.A. from the University of Maryland and has a deep background in real estate, leading...

Andrew C. Florance is the CEO and President of CoStar Group, a major player in the real estate information and analytics sector. He holds a B.A. from the University of Maryland and has a deep background in real estate, leading CoStar through significant growth since he became CEO in 2006. Under his leadership, the company has seen impressive financial highs, including a staggering total compensation of over $21 million in 2021, demonstrating his effectiveness in driving results. He holds over 595,983 shares of CoStar, showcasing his substantial investment in the company's success. Florance has been actively engaged in insider trading, reflecting his confidence and strategic moves in the company's stock market positioning; for instance, he had peaks of over $90 million in holdings in 2021. His approach combines long-term planning with short-term achievements, making sure the company stays competitive and innovative. Quite notably, the way he structures his bonuses and stock options further aligns his interests with those of the shareholders. Overall, Andrew Florance is a hands-on leader making impactful decisions in the dynamic real estate landscape.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other CoStar Group CEOs

C

Andrew C. Florance

Founder and CEO of CoStar Group

Education

B.A. from the University of Maryland

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Real Estate

CEO of CoStar Group for

18 years 4 months (Dec 2006 - Present)

Previous Experience

Founder of CoStar Group, Inc.

Rivals

Competitors/colleagues of Andrew C. Florance

Holdings

See how much did Andrew C. Florance make over time.

Andrew C. Florance has been a key figure at CoStar Group, where he has seen his stock holdings fluctuate dramatically over the years. In 2021, he had significant wealth tied to his shares, peaking at about $95 million. His holdings...

Andrew C. Florance has been a key figure at CoStar Group, where he has seen his stock holdings fluctuate dramatically over the years. In 2021, he had significant wealth tied to his shares, peaking at about $95 million. His holdings reflect a strong personal investment in the company’s success, aligning his financial interests closely with those of the investors. By 2022, his holdings showed some decreases, settling around the $62 million mark, but he has rebounded to a notable $85 million in 2023, demonstrating a resilience in his portfolio amidst market fluctuations. Florance's decisions and trades indicate a strategic approach to managing his wealth and the company’s stock, fully aware of the implications tied to his position as CEO.

Total Stock Sold

$49.85M

CSGP

$49.85M

8,397,830 CSGP shares

What if they kept their stock?

If Andrew C. Florance didn't sell their stock, today they would have:
Extra CSGP8,397,830 shares worth $536.61M.
This is 976.56% and $486.77M more than what they got when they sold the stock.

Charitable Transactions

CSGP

884,840 shares

CSGP

Recent Charitable Transactions

CSGP

48,200 shares

CSGP

Dec 31, 2021

Charity

CSGP

20,000 shares

CSGP

May 7, 2020

Charity

CSGP

20,000 shares

CSGP

Jul 31, 2018

Charity

CSGP

15,000 shares

CSGP

Sep 9, 2017

Charity

CSGP

8,400 shares

CSGP

Dec 29, 2016

Charity

CSGP

6,015 shares

CSGP

Nov 11, 2015

Charity

Insider Trading

See recent insider trades of Andrew C. Florance.

CSGP

76,232 shares

CSGP

Mar 5, 2025

Received

CSGP

451,440 shares

CSGP

Feb 13, 2025

Received

CSGP

$1.10M

CSGP at $74.67/share

Oct 25, 2024

Purchase

CSGP

367,840 shares

CSGP

Feb 22, 2024

Received

CSGP

$27.68M

CSGP at $76.77/share

Apr 28, 2023

Sale

CSGP

37,844 shares

CSGP

Mar 15, 2023

Received

CSGP

285,900 shares

CSGP

Feb 14, 2023

Received

CSGP

48 shares

CSGP

Sep 14, 2022

Received

CSGP

199,900 shares

CSGP

Feb 15, 2022

Received

CSGP

48,200 shares

CSGP

Dec 31, 2021

Charity

Compensation History

See how much did Andrew C. Florance make over time.

In 2023, Andrew C. Florance's total compensation reached over $10.8 million, with a base salary of approximately $997,000, and bonuses totaling $2.25 million based on individual performance. Florance earned significant value from stock, with vested stock options contributing nearly $10 million during the same year. Historically, his compensation has seen dramatic peaks; for example, in 2021, it exceeded $22 million, showcasing both the company's growth and the performance metrics linked to his leadership. His pay structure is designed to align his performance with that of CoStar, which ultimately benefits shareholders. The consistent performance-based nature of his compensation has led to a robust financial reward for his role in steering CoStar through industry changes and challenges.

Year

2023

Total Compensation

$14.63M

Salary

$997.00K

Board Justification

The compensation philosophy aligns executive pay with performance metrics and peer benchmarking to attract and retain top talent while ensuring accountability for corporate results.

Bonus

$2.25M

Board Justification

Annual cash incentive based on achievement of individual and corporate performance objectives for the fiscal year 2023.

Other

$583.96K

Board Justification

Includes various benefits such as 401(k) matching contributions, personal use of company aircraft, housing allowance, and security services.

Restricted Stock

$10.80M(138.3K RSU)

Board Justification

Performance-based restricted stock awarded for the achievement of prior year corporate goals, vesting in equal installments over three years, with 138,300 shares vested in 2023.

Performance Metrics

Compensation is linked to EBITDA and individual performance goals, with a focus on achieving challenging corporate objectives.

Other CoStar Group CEOs

Here are other CEOs of CoStar Group

Scott Wheeler

CEO of CoStar Group

January 2016 - Present