Glenn Kelman is the CEO of Redfin Corporation, where he has been since 2005. He has a background in marketing, having co-founded Plumtree Software before joining Redfin. Glenn studied English at UC Berkeley, which gives him a unique perspective on...

Glenn Kelman is the CEO of Redfin Corporation, where he has been since 2005. He has a background in marketing, having co-founded Plumtree Software before joining Redfin. Glenn studied English at UC Berkeley, which gives him a unique perspective on communication in the tech-driven real estate market. Notably, he has chosen to forgo bonuses and stock options, receiving only a $300,000 salary in 2023 because he wants to align his interests with the company’s performance. This approach highlights his long-term vision for Redfin, focusing on profitability and sustainable growth rather than short-term gains. His decision to decline traditional CEO perks shows his commitment to the company and its future. He owns a significant amount of Redfin stock, which ties his personal success closely with that of the company. Over the years, Glenn has overseen Redfin's mission to make buying and selling homes easier and cheaper for everyone, integrating technology and real estate in a way that has changed the industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Glenn Kelman

CEO of Redfin Corporation

Education

B.A. in English from the University of California at Berkeley

Field of Expertise

Sales & Marketing - Marketing

Sector of Economy

Real Estate

Born

January 1, 1971 - 54 years ago

CEO of Redfin Corporation for

19 years 7 months (Sep 2005 - Present)

Previous Experience

Vice President of Marketing and Product Management at Plumtree Software

Rivals

Competitors/colleagues of Glenn Kelman

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Brian Bair

Founder and CEO of Offerpad Solutions

2023 Compensation

Stock

$94.56K

Salary

$650.00K

Bonus

$0.00

Other

$8.25K

Total Holdings

$1.99M

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Robert Reffkin

Founder and CEO of Compass

2023 Compensation

Stock

$6.73M

Salary

$500.00K

Bonus

$7.10M

Other

$78.32K

Total Holdings

$79.09M

O

Carrie Wheeler

CEO of Opendoor Technologies Inc

2023 Compensation

Stock

$14.55M

Salary

$750.00K

Bonus

$250.00K

Other

$0.00

Total Holdings

$17.48M

Holdings

See how much did Glenn Kelman make over time.

Glenn Kelman owns around 2.7 million shares of Redfin Corporation, which makes up about 3.2% of the company's total stock. His holdings have seen fluctuations over the years, but notably, in 2020, he suspended his salary to navigate the impacts...

Glenn Kelman owns around 2.7 million shares of Redfin Corporation, which makes up about 3.2% of the company's total stock. His holdings have seen fluctuations over the years, but notably, in 2020, he suspended his salary to navigate the impacts of COVID-19. He has not received stock grants or bonuses for several years, emphasizing a strategy that ties his wealth to the company’s performance and profitability. That means if Redfin does well, so does his personal financial situation, and this approach underscores a shared interest in the company’s growth. It shows a philosophy of investing in the future rather than concentrating on immediate financial rewards. As the CEO, his substantial equity stake illustrates his confidence in the company’s mission and the success he believes it can achieve.

Total Stock Sold

$32.88M

RDFN

$32.88M

870,000 RDFN shares

What if they kept their stock?

If Glenn Kelman didn't sell their stock, today they would have:
Extra RDFN870,000 shares worth $15.57M.
This is -52.64% and $17.31M less than what they got when they sold the stock.

Charitable Transactions

RDFN

143,784 shares

RDFN

Recent Charitable Transactions

RDFN

44,700 shares

RDFN

Jun 1, 2021

Charity

RDFN

99,084 shares

RDFN

Mar 8, 2021

Charity

Insider Trading

See recent insider trades of Glenn Kelman.

RDFN

$195.59K

RDFN at $6.41/share

Mar 6, 2024

Purchase

RDFN

$304.69K

RDFN at $8.62/share

Feb 21, 2023

Purchase

RDFN

$543.50K

RDFN at $12.08/share

Aug 15, 2022

Sale

RDFN

$490.75K

RDFN at $10.91/share

May 16, 2022

Sale

RDFN

$1.90M

RDFN at $21.10/share

Mar 1, 2022

Sale

RDFN

$4.41M

RDFN at $48.99/share

Nov 10, 2021

Sale

RDFN

$4.96M

RDFN at $55.11/share

Aug 11, 2021

Sale

RDFN

44,700 shares

RDFN

Jun 1, 2021

Charity

RDFN

$4.54M

RDFN at $50.47/share

May 12, 2021

Sale

RDFN

$2.01M

RDFN at $66.95/share

Apr 5, 2021

Sale

Compensation History

See how much did Glenn Kelman make over time.

In 2023, Glenn Kelman's total compensation was $300,000, all of which came from his salary. He chose not to take any bonuses or stock options, sticking to his principle of keeping his pay tied to the company's performance. This has been a consistent theme for Glenn; for several years, he has opted out of additional compensation, showing his commitment to long-term growth over immediate financial gains. He did not receive any stock grants from 2020 to 2023 as part of his strategy to focus on the company's overall health. Glenn believes these decisions help him align more closely with the interests of Redfin's employees and shareholders.

Year

2023

Total Compensation

$300.00K

Salary

$300.00K

Board Justification

The company aims to provide competitive total pay packages that allow it to attract and retain qualified individuals while rewarding them based on financial performance and stockholder value.

Bonus

$0.00

Board Justification

Mr. Kelman has indicated that he intends to decline any annual cash bonus until the company reaches profitability.

Other

$0.00

Board Justification

Mr. Kelman did not receive any other compensation in 2023 as per his request to limit his compensation to base salary only.

Restricted Stock

$0.00(0 N/A)

Board Justification

Mr. Kelman did not receive any stock grants in 2023 as per his request to limit his compensation to base salary only.

Performance Metrics

The performance metrics for determining compensation were not applicable to Mr. Kelman as he declined bonuses and did not receive stock or options.