Andrew C. Florance

CEO, President, and Founder at COSTAR GROUP

Board

Since 1987

Age

60 years

Education

Holds a Bachelor of Arts in Economics from Princeton University.

Tenure

Founded the company in 1987 and has served as its President and CEO since then.

Also at COSTAR GROUP

Christian Lown

CFO

Cyndi Eakin

Chief Accounting Officer

FAS

Frank A. Simuro

Chief Technology Officer

About

Andrew C. Florance is widely recognized for his visionary leadership in transforming a fledgling startup into a market-leading company in the commercial real estate information and analytics industry. Over the years, he has steered the organization through significant milestones, including a pivotal initial public offering in July 1998, and the strategic expansion into international markets.

His commitment to strategic growth is exemplified by a series of more than 30 acquisitions across multiple countries—efforts that have solidified the company’s global footprint and competitive advantage.

Alongside his professional achievements, his strong educational foundation in economics has informed his pragmatic yet forward-thinking approach to business, leaving a lasting impact on the industry and the communities the company serves.

$CSGP Performance Under Andrew C. Florance

External Roles

Organization	Role	Date Range	Details
Washington National Cathedral	Chair of the Cathedral Chapter	N/A	Oversees the Cathedral Chapter
American Real Estate Society (ARES)	Board Member	N/A	N/A
Management Leadership for Tomorrow	Board Member	N/A	Focused on developing diverse leaders and expanding talent pipelines

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,000,000	Annually	Fixed annual base salary
401(k) Plan Employer Matching Contribution	$13,200	Annually	Employer matching contribution for 401(k)

Performance Compensation

Data from FY 2023

Annual Cash Incentive Awards

Metric [Unit/Scale]	Value [Citation]
Weight	100% (Corporate Goal)
Threshold	$750,000 (75% of base salary / 50% target)
Target	$1,500,000 (150% of base salary)
Maximum (Cap)	$3,000,000 (300% of base salary / 200% target)
Actual Award	$2,250,000 (225% of base salary based on 150% target achievement)
Evaluation Period	Calendar Year 2023 (implied)
Vesting Schedule	Not applicable for cash awards

Equity Incentive Awards

Performance-Based Restricted Stock

Metric [Unit/Scale]	Value [Citation]
Threshold Shares	24,600 shares
Target Shares	61,500 shares
Maximum Shares	147,600 shares
Vesting Conditions	Based on three-year cumulative revenue goal and relative TSR

Stock Option Awards

Metric [Unit/Scale]	Value [Citation]
Grant Date	February 14, 2023
Number of Options	73,400 options
Exercise Price	$76.78 per share
Grant Date Fair Value	$2,119,058
Vesting Schedule	Pro rata annual installments over three years

Grants of Plan-Based Awards

Non-Equity Incentive Plan Awards

Metric [Unit/Scale]	Value [Citation]
Threshold	$750,000
Target	$1,500,000
Maximum	$3,000,000

Equity Incentive Plan Awards

Metric [Unit/Scale]	Value [Citation]
Threshold Shares	24,600 shares
Target Shares	61,500 shares
Maximum Shares	147,600 shares
Grant Date Fair Value	$11,332,728

Stock Awards

Metric [Unit/Scale]	Value [Citation]
Number of Shares	138,300 shares
Grant Date Fair Value	$10,618,674

Option Awards

Metric [Unit/Scale]	Value [Citation]
Number of Options	73,400 options
Exercise/Base Price	$76.78 per share
Grant Date Fair Value	$2,119,058

Additional Stock Awards

Metric [Unit/Scale]	Value [Citation]
Grant Date	March 15, 2023
Number of Shares	18,922 shares
Grant Date Fair Value	$1,274,586

Note: Vesting schedules for the Grants of Plan-Based Awards were not explicitly detailed in the documents.