Vector Group Management

Management criteria checks 3/4

Vector Group's CEO is Howard Lorber, appointed in Jan 2001, has a tenure of 23.25 years. total yearly compensation is $10.95M, comprised of 16.8% salary and 83.2% bonuses, including company stock and options. directly owns 3.5% of the company’s shares, worth €52.98M. The average tenure of the management team and the board of directors is 4.3 years and 20.1 years respectively.

Key information

Howard Lorber

Chief executive officer

US$11.0m

Total compensation

CEO salary percentage	16.8%
CEO tenure	23.3yrs
CEO ownership	3.5%
Management average tenure	4.3yrs
Board average tenure	20.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Howard Lorber's remuneration changed compared to Vector Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$179m
Sep 30 2023	n/a	n/a	US$169m
Jun 30 2023	n/a	n/a	US$155m
Mar 31 2023	n/a	n/a	US$156m
Dec 31 2022	US$11m	US$2m	US$154m
Sep 30 2022	n/a	n/a	US$137m
Jun 30 2022	n/a	n/a	US$128m
Mar 31 2022	n/a	n/a	US$152m
Dec 31 2021	US$18m	US$3m	US$141m
Sep 30 2021	n/a	n/a	US$178m
Jun 30 2021	n/a	n/a	US$186m
Mar 31 2021	n/a	n/a	US$149m
Dec 31 2020	US$16m	US$3m	US$124m
Sep 30 2020	n/a	n/a	US$68m
Jun 30 2020	n/a	n/a	US$65m
Mar 31 2020	n/a	n/a	US$77m
Dec 31 2019	US$12m	US$3m	US$86m
Sep 30 2019	n/a	n/a	US$103m
Jun 30 2019	n/a	n/a	US$80m
Mar 31 2019	n/a	n/a	US$59m
Dec 31 2018	US$8m	US$3m	US$51m
Sep 30 2018	n/a	n/a	US$73m
Jun 30 2018	n/a	n/a	US$80m
Mar 31 2018	n/a	n/a	US$90m
Dec 31 2017	US$11m	US$3m	US$79m

Compensation vs Market: Howard's total compensation ($USD10.95M) is above average for companies of similar size in the German market ($USD1.62M).

Compensation vs Earnings: Howard's compensation has been consistent with company performance over the past year.

CEO

Howard Lorber (74 yo)

23.3yrs

Tenure

US$10,950,867

Compensation

Mr. Howard M. Lorber serves as Chairman, President and Chief Executive Officer of Douglas Elliman Inc. since December 29, 2021. Mr. Lorber serves as an Executive Chairman of its subsidiary Douglas Elliman...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Howard Lorber	President	23.3yrs	US$10.95m	3.5% $ 53.0m
James Kirkland	Senior VP	18yrs	US$1.92m	0.32% $ 4.8m
Richard Lampen	Executive VP	3.3yrs	US$3.35m	0.56% $ 8.5m
Marc Bell	Senior VP	29.9yrs	US$1.76m	0.24% $ 3.6m
Nicholas Anson	President & COO of Liggett Group LLC and Liggett Vector Brands LLC	4yrs	US$1.53m	0.029% $ 443.9k
James Ballard	Senior VP of Enterprise Efficiency & CTO	3.8yrs	no data	0.046% $ 702.0k
Fredrick Schmidt	VP & Controller	4.3yrs	no data	no data

4.3yrs

Average Tenure

62yo

Average Age

Experienced Management: VGR's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Howard Lorber	President	23.3yrs	US$10.95m	3.5% $ 53.0m
Richard Lampen	Executive VP	3.3yrs	US$3.35m	0.56% $ 8.5m
Bennett LeBow	Independent Chairman of the Board	37.5yrs	US$207.82k	0.015% $ 228.0k
Jean Sharpe	Independent Director	25.9yrs	US$210.53k	0.10% $ 1.6m
Henry Beinstein	Independent Director	29.4yrs	US$199.92k	0.10% $ 1.5m
Paul Carlucci	Independent Director	6.1yrs	US$194.36k	0.020% $ 296.6k
Ronald Bernstein	Director	20.1yrs	US$836.70k	0.016% $ 246.0k
Barry Watkins	Independent Director	6.1yrs	US$166.55k	0.018% $ 280.1k
Wilson White	Independent Director	2.8yrs	US$164.47k	0.012% $ 177.6k

20.1yrs

Average Tenure

74yo

Average Age

Experienced Board: VGR's board of directors are seasoned and experienced ( 20.1 years average tenure).

Vector Group Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Independent Chairman of the Board recently sold €1.8m worth of stock

Vector Group Ltd., Annual General Meeting, Jul 26, 2023

Independent Chairman of the Board recently sold €1.9m worth of stock

Independent Chairman of the Board recently sold €1.3m worth of stock

Director recently sold €159k worth of stock

Recent updates

Upcoming dividend of US$0.20 per share

Vector Group Ltd. Declares Regular Quarterly Cash Dividend on Its Common Stock, Payable on March 14, 2024

Full year 2023 earnings released: EPS: US$1.17 (vs US$1.01 in FY 2022)

Now 21% undervalued after recent price drop

Insufficient new directors

Now 20% undervalued after recent price drop

Independent Chairman of the Board recently sold €1.8m worth of stock

Vector Group Ltd. Declares Quarterly Cash Dividend, Payable on December 15, 2023

Third quarter 2023 earnings released: EPS: US$0.33 (vs US$0.25 in 3Q 2022)

Vector Group Ltd. Declares Quarterly Cash Dividend, Payable on September 15, 2023

Investor sentiment deteriorates as stock falls 16%

Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.25 in 2Q 2022)

Vector Group Ltd., Annual General Meeting, Jul 26, 2023

Independent Chairman of the Board recently sold €1.9m worth of stock

Vector Group Declares Quarterly Cash Dividend, Payable on June 29, 2023

First quarter 2023 earnings released: EPS: US$0.22 (vs US$0.21 in 1Q 2022)

Independent Chairman of the Board recently sold €1.3m worth of stock

Director recently sold €159k worth of stock

Independent Chairman of the Board recently sold €5.4m worth of stock

Vector Group Ltd. Announces Resignation of Stanley S. Arkin from Its Board

Vector Group Declares Quarterly Cash Dividend, Payable on December 20, 2022

Independent Chairman of the Board recently sold €3.1m worth of stock

Director recently sold €161k worth of stock

Third quarter 2022 earnings released: EPS: US$0.25 (vs US$0.32 in 3Q 2021)

Vector Group Ltd. Announces Quarterly Cash Dividend in the Third Quarter of 2022

Upcoming dividend of US$0.20 per share

Senior VP recently bought €73k worth of stock

Vector Group Ltd. Declares Quarterly Cash Dividend Payable on September 29, 2022

Director recently sold €103k worth of stock

Second quarter 2022 earnings released: EPS: US$0.25 (vs US$0.61 in 2Q 2021)

Vector Group Ltd. Declares Quarterly Cash Dividend Payable on June 29, 2022

Vector Group Ltd., Annual General Meeting, Jun 28, 2022

Vector Group Ltd. announced delayed annual 10-K filing

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Vector Group Ltd. Announces Cash Dividend for the Fourth Quarter of 2021

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS US$0.32 (vs US$0.25 in 3Q 2020)

Investor sentiment deteriorated over the past week

Second quarter 2021 earnings released: EPS US$0.61 (vs US$0.17 in 2Q 2020)

Upcoming dividend of US$0.20 per share

Vector Group Ltd. Declares Quarterly Cash Dividend, Payable on June 29, 2021

Independent Chairman of the Board recently sold €1.1m worth of stock

First quarter 2021 earnings released: EPS US$0.20 (vs US$0.026 loss in 1Q 2020)

Independent Chairman of the Board recently sold €6.2m worth of stock

Vector Group Ltd. Announces New Valley Ventures Is Being Spearheaded by Dan Sachar

Full year 2020 earnings released: EPS US$0.60 (vs US$0.64 in FY 2019)

Revenue misses expectations

New 90-day high: €11.49

Executive VP recently bought €150k worth of stock

Vector Group Ltd. Appoints Richard J. Lampen as Chief Operating Officer and Member of the Board of Directors

New 90-day high: €10.85

New 90-day high: €10.70

Upcoming Dividend of US$0.20 Per Share

Independent Chairman of the Board recently sold €9.7m worth of stock

New 90-day high: €9.27

Third quarter 2020 earnings released: EPS US$0.25

Independent Chairman of the Board recently sold €2.0m worth of stock

New 90-day high: €9.09

Vector Group Ltd. (NYSE: VGR) has completed the acquisition of all the outstanding shares of New Valley Corporation (NASDAQ: NVAL).

Senior VP recently bought €80k worth of stock

Executive Vice President recently bought €429k worth of stock

Independent Chairman of the Board recently sold €387.8k worth of stock

First half earnings released

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team