Form 4: RE/MAX Holdings Executive Amy M. Keith-Lessinger Reports Stock Grants and Tax Withholding

Amy M. Keith-Lessinger, President of RE/MAX, LLC, reports the acquisition of restricted stock units (RSUs) and shares withheld for tax obligations.

Summary

• On March 1, 2024, Amy M. Keith-Lessinger, President of RE/MAX, LLC, reported transactions involving RE/MAX Holdings, Inc. Class A Common Stock.
• She was granted 38,067 performance-based restricted stock units (RSUs) under the 2023 Omnibus Incentive Plan, which will vest based on performance between January 1, 2024, and December 31, 2026; the actual number of RSUs vesting can range from 0-200% of the target amount.
• She also received 38,067 time-based RSUs that vest in three equal annual installments starting March 1, 2025.
• An additional 461 RSUs were granted, representing an incremental amount above a previously reported target from 2021.
• 2,503 shares of Class A common stock were withheld by RE/MAX to satisfy tax obligations related to the settlement of RSUs.
• Following these transactions, Keith-Lessinger beneficially owns 114,572 shares of Class A Common Stock, including 97,484 unvested RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and alignment of interests, with no immediate negative implications.

Positives

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

Future Outlook

The performance-based RSUs will vest based on the company's performance over the period from January 1, 2024, to December 31, 2026.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like RE/MAX Holdings.

Comparison to Industry Standards

• Executive compensation packages including RSUs are standard practice among publicly traded companies to incentivize performance and align executive interests with shareholder value.
• The vesting schedules and performance metrics associated with the RSUs are likely benchmarked against industry peers to ensure competitiveness and effectiveness.

Stakeholder Impact

• The RSU grants incentivize the executive to drive company performance, potentially benefiting shareholders.
• The tax withholding impacts the executive's net compensation.

Key Dates