Form 4: RE/MAX Holdings EVP Susan Winders Reports Stock Grants and Tax Withholding

Susan Winders, EVP and General Counsel of RE/MAX Holdings, reports the grant of performance-based and time-based restricted stock units (RSUs) and shares withheld for tax obligations.

Summary

• On March 1, 2025, Susan Winders, EVP and General Counsel of RE/MAX Holdings, was granted 39,415 performance-based RSUs under the 2023 Omnibus Incentive Plan.
• These RSUs will vest, if at all, after a performance period from January 1, 2025, to December 31, 2027, with the actual number vesting ranging from 0-200% of the target amount.
• Winders also received 39,415 time-based RSUs that vest in three equal annual installments starting March 1, 2026.
• Additionally, 2,340 shares of Class A common stock were withheld by RE/MAX Holdings on March 1, 2025, at a price of $8.88 per share to cover tax obligations related to the settlement of RSUs.
• Following these transactions, Winders beneficially owns 190,014 shares of Class A Common Stock, which includes 150,434 unvested time-based RSUs and 111,019 unvested performance-based RSUs.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of stock grants and tax withholding. It reflects standard compensation practices.

Positives

• The grant of RSUs aligns Winders' interests with the company's performance and long-term success.
• The vesting schedule of the time-based RSUs encourages continued service with the company.

Risks

• The performance-based RSUs may not vest fully if performance targets are not met.
• The value of the RSUs is subject to the market price of RE/MAX Holdings stock, which can fluctuate.

Future Outlook

The document does not contain specific forward-looking statements, but the RSU grants suggest an expectation of continued service and performance from the executive.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The RSU grants align executive compensation with shareholder value.
• The tax withholding impacts the executive's net compensation.

Key Dates