Douglas Elliman Inc. — Form 10-Q

Douglas Elliman amended employment agreements for James B. Kirkland III (CFO) and Bradley H. Brodie (General Counsel) effective April 10, 2026. Kirkland's base salary increased from undisclosed to $650,000; bonus target increased to 65% of base; severance period extended to 12 months; one-time $150,000 retention payment added (vest Dec 15, 2026). Brodie's base salary increased to $575,000; bonus target increased to 50% of base; severance extended to 12 months; change-of-control severance multiplier set at 1.5x annual base salary. Combined annual cost impact approximately $370,000–$400,000 depending on bonus achievement and severance triggers. Legal fees reimbursement capped at $20,000.