Form 4: RE/MAX Holdings CEO Erik Carlson Reports Stock Award and Tax Withholding

RE/MAX Holdings CEO Erik Carlson received shares as part of his short-term incentive and had shares withheld for tax obligations.

Summary

• On February 23, 2024, Erik Carlson, CEO of RE/MAX Holdings, Inc., acquired 6,068 shares of Class A Common Stock as part of his 2023 short-term incentive, paid in equity.
• The shares were issued at a price of $0.
• On the same day, 1,792 shares of Class A Common Stock were withheld by the issuer to satisfy tax obligations related to the equity issuance.
• Following these transactions, Carlson directly owns 581,963 shares of Class A Common Stock, which includes 577,687 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing executive compensation. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive compensation practices, including equity-based incentives, are common in the real estate industry to align management interests with shareholder value. Tax withholding on equity awards is a standard procedure.

Stakeholder Impact

• The stock award impacts shareholders by potentially diluting equity, although it is part of the executive compensation plan.
• The award incentivizes the CEO, potentially aligning his interests with those of the shareholders.

Key Dates