howard lorber net worth forbes
Howard has made over 58 trades of the Vector stock since 2004, according to the Form 4 filled with the SEC. In addition, he makes $11,675,500 as President, Chief Executive Officer et Director at Vector. (Lorber earned $9.4 million in 2013.). We are having some technical difficulties. As of 16 December 2019 he still owns at least 20,000 units of Vector stock. He is also the Chairman of Douglas Elliman, a subsidiary of Vector, which is the largest residential real estate brokerage in the New York metropolitan area[2] with 4,000 brokers as of 2014 (and an additional 300 in Florida). Over the last 17 years, insiders at Vector have traded over $644,071,802 worth of Vector stock and bought 7,521,090 units worth $131,044,554 There are no executives at Vector getting paid more. This category only includes cookies that ensures basic functionalities and security features of the website. It operates through the following segments: Tobacco, Real Estate, and Corporate and Other. In addition, he makes $11,675,500 as President, Chief Executive Officer, and Director at Vector. “I’m happy that I did a deal and I’m here for at least seven years – hopefully longer.”. The company was founded in 1980 and is headquartered in Miami, FL. Necessary cookies are absolutely essential for the website to function properly. Richard Smith, the CEO of Realogy Holdings – parent to Elliman rival the Corcoran Group – took home $9.1 million in 2015. These cookies do not store any personal information. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Please Allow Javascript and reload this page. The eye-popping numbers also came with a new, seven-year agreement for Lorber to remain in his position at Vector. In Lorber’s case, the big increase in 2015 came in the form of stock awards. The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. Douglas Elliman Chairman Howard Lorber took home a whopping $42.5 million in total pay in 2015, according to regulatory filings. For full functionality of this site it is necessary to enable JavaScript. Howard M. Lorber is President, Chief Executive Officer, Director of the Company. Mr. Lorber owns over 13,456 units of Vector stock worth over $183,800 and over the last 17 years he sold VGR stock worth over $76,507,358. These cookies will be stored in your browser only with your consent. Howard Lorber is 71, he's been the President, Chief Executive Officer, and Director of Vector since 2006. He is also a trustee of Long Island University. Try again later. He told The Real Deal he has no intention of retiring, even though he’s eligible to do so. Howard's mailing address filed with the SEC is C/O VECTOR GROUP LTD., 4400 BISCAYNE BLVD; 10TH FLOOR, MIAMI, FL, 33137. His total pay includes a base salary of $3.1 million, which is subject to annual increases, as well as certain perks. It is mandatory to procure user consent prior to running these cookies on your website. Lorber’s compensation far surpasses that of his peers. He sits on the board of Nathan’s Famous, and pocketed $616,000 in 2015 for his role as executive chairman of the board of the hot dog company, according to regulatory filings. Most recently he bought 13,456 units of VGR stock worth $134,560 on 16 December 2019. Early life and education. In addition, he makes $11,675,500 as President, Chief Executive Officer, and Director at Vector. But opting out of some of these cookies may have an effect on your browsing experience. They include use of a company car and driver, membership at two clubs, nearly $300,000 for use of Vector’s corporate plane and a $90,000 allowance for lodging and expenses. The payday represents a 40 percent jump from last year’s compensation, which totaled nearly $30 million, according to a March 25 proxy statement filed with the Securities and Exchange Commission by Elliman’s parent company, Vector Group Ltd., of which Lorber is president and CEO. Douglas Elliman had a banner year in 2015. Mr. Lorber owns over 13,456 units of Vector stock worth over $189,800 and over the last 17 years he sold VGR stock worth over $76,507,358. Mr. Lorber owns over 13,456 units of Vector stock worth over $197,200 and over the last 17 years he sold VGR stock worth over $76,507,358. As the President, Chief Executive Officer, and Director of Vector, the total compensation of Howard Lorber at Vector is $11,675,500.

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