The company said it appointed Christian Lown as Chief Financial Officer on June 18, 2024, effective July 1, 2024, and that Lown will also serve as principal accounting officer.

1. 01

   The company said it appointed Christian Lown as Chief Financial Officer on June 18, 2024, effective July 1, 2024, and that Lown will also serve as principal accounting officer.

2. 02

   CoStar said Lown has served as executive vice president and chief financial officer of Freddie Mac since June 2020, served as EVP and CFO of Navient Corporation from 2017 to 2020, and spent 11 years at Morgan Stanley.

3. 03

   The company said it will pay Lown an annual base salary of $550,000, make him eligible for a non-equity incentive plan award with a target of 95% of base salary and a maximum of up to 190% of base salary, and grant him a restricted stock award with a grant date value of $2,750,000. The award will vest in 3 equal annual installments on each anniversary of his start date.

4. 04

   CoStar said that if Lown is terminated without cause within the first 12 months after his start date, he will receive 12 months of base salary and 12 months of Company-paid COBRA benefits, and 6 months of each after the first anniversary. Lown has also agreed to non-competition and non-solicitation restrictions lasting 1 year after his employment ends.

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Original filing

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