Howard Hughes Finalizes Long Term Employment Agreements With CEO, President

(RTTNews) - The Howard Hughes Corp. (HHC) announced the company has entered into a new employment agreement with President Grant Herlitz, with a term of ten years through 2027. Herlitz's agreement follows the recent announcement that the company finalized a 10-year employment agreement with CEO David Weinreb.

Weinreb invested an additional $50 million into the company in the form of warrants. Herlitz completed the acquisition of 87,951 warrants with a strike price of $117.01 and a term of six years at fair market value by making a payment of $2.0 million to the company.