Form 4: RE/MAX Holdings Executive Abigail C. Lee Reports Stock Grants and Tax Withholding

Abigail C. Lee, EVP at 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, Abigail C. Lee, EVP at RE/MAX Holdings, received grants of performance-based and time-based restricted stock units (RSUs) under the 2023 Omnibus Incentive Plan.
• The performance-based RSUs have a target amount of 39,415 shares and will vest, if at all, based on performance between January 1, 2025, and December 31, 2027, with potential vesting ranging from 0-200% of the target amount.
• Additionally, 39,415 time-based RSUs were granted, vesting in three equal annual installments starting March 1, 2026.
• The report also indicates that 5,447 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, Lee directly owns 161,874 shares of Class A Common Stock, which includes 143,100 unvested RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects standard executive compensation practices. The grants are designed to incentivize performance, but the filing itself doesn't indicate positive or negative news about the company's prospects.

Positives

• The grant of RSUs aligns the executive's interests with the company's performance and long-term growth.

Future Outlook

The vesting of the performance-based RSUs is contingent on the company's performance through December 31, 2027, while the time-based RSUs will vest annually starting March 1, 2026.

Industry Context

This filing is a routine disclosure of executive compensation in the form of stock grants, which is a common practice in publicly traded companies to incentivize and retain key personnel.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly listed companies, particularly in the real estate sector.
• Companies like Zillow, Opendoor, and Compass also utilize RSUs and stock options to align executive incentives with shareholder value.
• The vesting schedules and performance metrics associated with these grants are typically benchmarked against industry peers to ensure competitiveness and effectiveness.

Stakeholder Impact

• The RSU grants align executive interests with shareholder value, potentially driving long-term growth.
• Employees may view the equity compensation as a positive sign of the company's commitment to its leadership.

Key Dates