Sundar PichaiSundar Pichai earned $164M in 2023

Howard M. Lorber has been the President and CEO of Vector Group since 2006. He has a long history in management roles, including being the CEO of Nathan's Famous, where he helped expand the well-known hot dog and fast food...

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Howard M. Lorber

Ex-CEO of Douglas Elliman

Education

Bachelor's degree from Long Island University

Field of Expertise

Business & Management

Sector of Economy

Real Estate

Born

September 8, 1948 - 76 years ago

CEO of Douglas Elliman for

2 years 9 months (Dec 2021 - Oct 2024)

Previous Experience

President and CEO of Vector Group since January 2006 and as a director since January 2001.

Rivals

Competitors/colleagues of Howard M. Lorber

Holdings

See how much did Howard M. Lorber make over time.

As of now, Howard M. Lorber holds around 7.65 million shares in Vector Group, which equals about 4.85% of the total company shares. His holdings have seen various fluctuations over the years, peaking in value during 2023. At one point,...

Charitable Transactions

NATH

37,860 shares

NATH

Recent Charitable Transactions

NATH

5,000 shares

NATH

Dec 5, 2019

Charity

NATH

7,860 shares

NATH

Dec 3, 2018

Charity

VGR

50,000 shares

VGR

Jun 16, 2017

Charity

NATH

10,000 shares

NATH

Dec 29, 2016

Charity

NATH

15,000 shares

NATH

Dec 24, 2014

Charity

VGR

290,000 shares

VGR

Dec 28, 2012

Charity

Insider Trading

See recent insider trades of Howard M. Lorber.

VGR

212,500 shares

VGR

Feb 24, 2024

Received

VGR

412,000 shares

VGR

Feb 13, 2024

Received

VGR

137,500 shares

VGR

Feb 24, 2023

Received

VGR

300,000 shares

VGR

Feb 15, 2023

Received

VGR

208,372 shares

VGR

Jul 1, 2022

Received

VGR

300,000 shares

VGR

Mar 1, 2022

Received

VGR

62,500 shares

VGR

Feb 24, 2022

Received

VGR

399,815 shares

VGR

Jul 1, 2021

Received

VGR

250,000 shares

VGR

Feb 24, 2021

Received

VGR

399,817 shares

VGR

Jul 1, 2020

Received

Compensation History

See how much did Howard M. Lorber make over time.

In 2023, Howard M. Lorber's total reported compensation was approximately $1,075,590, which includes a $1,000 salary, and a large portion from stock options. He did not receive a bonus this year, aligning with a compensation strategy that focuses on long-term performance rather than short-term rewards. Lorber's past compensation has varied widely, showcasing a focus on vested stock units rather than traditional salary increases. His consulting fee also contributes to his annual income, indicating ongoing involvement with the firm beyond the typical CEO role. The compensation structure is designed to keep him aligned with company performance metrics, motivating him to push for growth.

Year

2023

Total Compensation

$676.79K

Salary

$1.00K

Board Justification

The compensation philosophy is designed to align executive compensation with company performance, ensuring competitive pay to attract and retain top talent while considering the company's financial performance and market conditions.

Bonus

$0.00

Board Justification

No bonus was reported for the fiscal year 2023.

Other

$200.00

Board Justification

Consulting fee of $200,000 per year for services provided post-employment as per the employment agreement.

Restricted Stock

$675.59K(10K RSU)

Board Justification

10,000 restricted stock units vested on December 8, 2023, as part of the 50,000 RSUs granted on December 8, 2022, which vest ratably over five years.

Performance Metrics

Compensation is based on performance metrics including company financial performance and strategic objectives.

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