Form 4: RE/MAX Holdings Director Norman K. Jenkins Receives Restricted Stock Units

Director Norman K. Jenkins of RE/MAX Holdings, Inc. was granted 11,364 restricted stock units (RSUs) on May 22, 2024, which vest on May 1, 2025.

Summary

• On May 22, 2024, Norman K. Jenkins, a director of RE/MAX Holdings, Inc., received 11,364 restricted stock units (RSUs) under the company's 2023 Omnibus Incentive Plan.
• These RSUs will vest on May 1, 2025.
• Following this transaction, Jenkins beneficially owns 15,421 shares of Class A Common Stock, which includes the 11,364 unvested RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices. The grant of RSUs is generally viewed favorably as it aligns management interests with shareholders.

Positives

• The grant of RSUs aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution to RE/MAX Holdings, Inc.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This is a standard disclosure related to executive compensation and is common in the real estate industry for aligning management interests with shareholder value.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among publicly traded companies, including real estate firms like CBRE Group and Jones Lang LaSalle (JLL), to incentivize performance and align interests with shareholders.
• The vesting schedule of these RSUs, typically over one to four years, is also standard practice.
• The amount of RSUs granted is generally determined based on the director's role, responsibilities, and the company's overall compensation strategy, which is comparable to industry benchmarks.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the director's interests with the company's performance.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates