CoStar Group, Inc.
CoStar Group, Inc. Amends CEO's Employment Agreement and Adopts New Executive Severance Plan
Summary
On January 7, 2026, CoStar Group, Inc. entered into a second amendment to its employment agreement with its Founder and Chief Executive Officer, Andrew C. Florance, which eliminates a legacy tax gross-up entitlement. The company also adopted an Executive Severance Plan that provides for the payment of customary severance benefits to certain executives in the event of an involuntary termination. Additionally, the company issued a press release providing its full year 2026 financial outlook, announced a new $1.5 billion share repurchase program, and a new executive compensation program responding to stockholder feedback.
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About CoStar Group, Inc.
CoStar Group, Inc. is a leading provider of information, analytics, and marketing services for the commercial real estate industry. The company's primary function is to offer comprehensive data solutions that professionals rely on to evaluate, buy, sell, finance, and invest in commercial properties. CoStar Group impacts sectors including real estate investment, property management, and urban planning through its databases and analytics tools. Its extensive suite of products, such as CoStar, LoopNet, and Apartments.com, delivers detailed property listings, market analysis, and a vast network for connecting buyers, sellers, and renters. Founded in 1987 and based in Washington, D.C., CoStar Group plays a crucial role in enhancing the transparency and efficiency of the real estate marketplace, serving a diverse clientele from brokers and appraisers to government agencies and developers.
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