Redfin Management
Management criteria checks 4/4
Redfin's CEO is Glenn Kelman, appointed in Sep 2005, has a tenure of 19.25 years. total yearly compensation is $300.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 1.18% of the company’s shares, worth $12.18M. The average tenure of the management team and the board of directors is 6.2 years and 8.2 years respectively.
Key information
Glenn Kelman
Chief executive officer
US$300.0k
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 19.3yrs |
| CEO ownership | 1.2% |
| Management average tenure | 6.2yrs |
| Board average tenure | 8.2yrs |
Recent management updates
Recent updates
Redfin: Unique Selling Points Are Diminishing And Market Share Is Eroding
Nov 27Analysts Have Made A Financial Statement On Redfin Corporation's (NASDAQ:RDFN) Third-Quarter Report
Nov 09
Redfin Corporation Is (Still) Troubled
Nov 09Redfin Corporation (NASDAQ:RDFN) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Oct 18Redfin: Rising On Rate Cuts
Sep 24Redfin Corporation (NASDAQ:RDFN) Surges 26% Yet Its Low P/S Is No Reason For Excitement
Sep 01Redfin: Trapped In Bad Conditions
Aug 07Even With A 35% Surge, Cautious Investors Are Not Rewarding Redfin Corporation's (NASDAQ:RDFN) Performance Completely
Jul 16Redfin: It's Not Game Over Yet, But The Outlook Is Cloudy (Rating Upgrade)
May 13Does Redfin (NASDAQ:RDFN) Have A Healthy Balance Sheet?
Mar 26Redfin: No End In Sight To Market Share Losses
Mar 03US$7.27: That's What Analysts Think Redfin Corporation (NASDAQ:RDFN) Is Worth After Its Latest Results
Feb 29Redfin: In Need Of A Housing Correction
Feb 23Redfin Corporation: Not Out Of The Woods Yet
Jan 15Does Redfin (NASDAQ:RDFN) Have A Healthy Balance Sheet?
Oct 10Redfin Corporation (NASDAQ:RDFN) Shares Could Be 49% Below Their Intrinsic Value Estimate
Aug 09Is Redfin (NASDAQ:RDFN) Weighed On By Its Debt Load?
May 25Calculating The Fair Value Of Redfin Corporation (NASDAQ:RDFN)
Apr 28Is Redfin (NASDAQ:RDFN) Using Debt Sensibly?
Jan 28Are Investors Undervaluing Redfin Corporation (NASDAQ:RDFN) By 49%?
Dec 06Redfin Corporation (NASDAQ:RDFN) Analysts Just Trimmed Their Revenue Forecasts By 22%
Nov 11Hurricane Ian exacerbates housing market slowdown in Southwest Florida
Oct 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$152m |
| Jun 30 2024 | n/a | n/a | -US$137m |
| Mar 31 2024 | n/a | n/a | -US$137m |
| Dec 31 2023 | US$300k | US$300k | -US$127m |
| Sep 30 2023 | n/a | n/a | -US$132m |
| Jun 30 2023 | n/a | n/a | -US$159m |
| Mar 31 2023 | n/a | n/a | -US$206m |
| Dec 31 2022 | US$300k | US$300k | -US$251m |
| Sep 30 2022 | n/a | n/a | -US$253m |
| Jun 30 2022 | n/a | n/a | -US$227m |
| Mar 31 2022 | n/a | n/a | -US$182m |
| Dec 31 2021 | US$299k | US$299k | -US$98m |
| Sep 30 2021 | n/a | n/a | -US$76m |
| Jun 30 2021 | n/a | n/a | -US$23m |
| Mar 31 2021 | n/a | n/a | -US$984k |
| Dec 31 2020 | US$64k | US$63k | -US$23m |
| Sep 30 2020 | n/a | n/a | -US$43m |
| Jun 30 2020 | n/a | n/a | -US$69m |
| Mar 31 2020 | n/a | n/a | -US$74m |
| Dec 31 2019 | US$1m | US$284k | -US$81m |
| Sep 30 2019 | n/a | n/a | -US$85m |
| Jun 30 2019 | n/a | n/a | -US$89m |
| Mar 31 2019 | n/a | n/a | -US$73m |
| Dec 31 2018 | US$250k | US$250k | -US$42m |
| Sep 30 2018 | n/a | n/a | -US$32m |
| Jun 30 2018 | n/a | n/a | -US$65m |
| Mar 31 2018 | n/a | n/a | -US$175m |
| Dec 31 2017 | US$256k | US$250k | -US$191m |
Compensation vs Market: Glenn's total compensation ($USD300.00K) is below average for companies of similar size in the US market ($USD3.22M).
Compensation vs Earnings: Glenn's compensation has been consistent with company performance over the past year.
CEO
Glenn Kelman (52 yo)
19.3yrs
Tenure
US$300,000
Compensation
Mr. Glenn Kelman has been the Chief Executive Officer and President of Redfin Corporation since September 2005. Mr. Kelman served as Vice President of Product Management and Marketing at Plumtree Software...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 19.3yrs | US$300.00k | 1.18% $ 12.2m | |
| Chief Financial Officer | 11.5yrs | US$1.86m | 0.38% $ 3.9m | |
| Chief Technology Officer | 9.8yrs | US$1.80m | 0.36% $ 3.7m | |
| Chief of Legal Affairs & Digital Revenue | no data | US$1.54m | 0.024% $ 250.3k | |
| Chief Human Resources Officer | 2.3yrs | US$1.66m | 0.025% $ 258.0k | |
| Head of Investor Relations | no data | no data | no data | |
| Senior Vice President of Real Estate Operations | no data | no data | no data | |
| Chief Economist | 6.2yrs | no data | no data | |
| Chief Growth Officer | 5.2yrs | US$1.86m | 0.072% $ 749.8k | |
| Senior Vice-President of Real Estate Support | 4.3yrs | no data | no data | |
| Chief of Real Estate Services | no data | no data | 0.078% $ 804.3k | |
| Chief Executive Officer of RentPath | no data | no data | no data |
6.2yrs
Average Tenure
50yo
Average Age
Experienced Management: RDFN's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 18.8yrs | US$300.00k | 1.18% $ 12.2m | |
| Independent Chairman of the Board | 6.8yrs | US$288.95k | 0.056% $ 583.1k | |
| Independent Director | 14.3yrs | US$246.79k | 0.53% $ 5.5m | |
| Independent Director | 15.1yrs | US$249.29k | 0.22% $ 2.2m | |
| Independent Director | 2.8yrs | US$246.79k | 0.053% $ 552.4k | |
| Independent Director | 10.9yrs | US$239.29k | 0.11% $ 1.1m | |
| Independent Director | 4.3yrs | US$239.29k | 0.027% $ 283.7k | |
| Independent Director | 8.2yrs | US$241.79k | 0.035% $ 360.9k | |
| Independent Director | 8.2yrs | US$266.79k | 0.034% $ 348.5k |
8.2yrs
Average Tenure
58yo
Average Age
Experienced Board: RDFN's board of directors are considered experienced (8.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 09:04 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Redfin Corporation is covered by 34 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Justin Ages | Berenberg |
| Curtis Nagle | BofA Global Research |
| Naved Khan | B. Riley Securities, Inc. |