Form 4: RE/MAX Holdings Executive Granted Restricted Stock Units

Robert Michael Fuchs, EVP of Human Resources & Admin at RE/MAX Holdings, Inc., was granted restricted stock units (RSUs) and performance-based RSUs under the company's 2023 Omnibus Incentive Plan.

Summary

• Robert Michael Fuchs, an executive at RE/MAX Holdings, Inc., received grants of restricted stock units (RSUs) and performance-based RSUs on June 3, 2024.
• The RSUs are scheduled to vest in equal installments on March 1, 2025, March 1, 2026, and March 1, 2027.
• The performance-based RSUs will vest, if at all, following a performance period from January 1, 2024, through December 31, 2026, with the number of RSUs vesting ranging from 0-200% of the target amount of 36,234.
• As of June 3, 2024, Fuchs beneficially owns 72,468 unvested RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of RSUs is a standard practice, indicating confidence in the executive and aligning their interests with shareholders. The performance-based component adds a layer of incentive for achieving company goals.

Positives

• The grant of RSUs and performance-based RSUs aligns executive compensation with the company's long-term performance and retention.

Future Outlook

The vesting of the performance-based RSUs is contingent on the company's performance over the period from January 1, 2024, to December 31, 2026.

Industry Context

Granting stock-based compensation is a common practice in the real estate industry to incentivize and retain key executives. These grants align the executive's interests with those of the shareholders.

Comparison to Industry Standards

• Companies like Zillow, Opendoor, and Compass also utilize stock-based compensation as part of their executive compensation packages.
• The specific terms of the RSU grants, such as vesting schedules and performance metrics, are tailored to RE/MAX Holdings' specific goals and objectives.

Stakeholder Impact

• The RSU grants incentivize the executive to improve company performance, which could benefit shareholders.
• The grants also contribute to executive retention, ensuring stability in leadership.

Key Dates