Douglas Elliman Inc. amended employment agreements for CFO J. Bryant Kirkland III and General Counsel Bradley H. Brodie, increasing their base salaries and target bonuses effective January 1, 2026, and revising severance terms.
Key takeaways
CFO J. Bryant Kirkland III's base salary increased to $650,000 annually and target bonus to 65% of base salary, effective January 1, 2026.
General Counsel Bradley H. Brodie's base salary increased to $575,000 annually and target bonus to 50% of base salary, effective January 1, 2026.
Kirkland will receive a $150,000 retention bonus payable upon a qualifying termination of employment or by December 15, 2026, subject to continued employment.
Severance terms for both executives were amended to provide 12 months of severance and prorated bonus based on target opportunity upon qualifying termination.
Enhanced change-in-control severance provisions were added, including full target bonus payments and subsidized COBRA premiums for 12 months.