Form 4: RE/MAX Holdings Executive Receives Stock Grants and Settles RSUs

Robert Michael Fuchs, EVP of Human Resources & Admin at RE/MAX Holdings, reports the acquisition of performance-based and time-based restricted stock units (RSUs), as well as the withholding of shares for tax obligations.

Summary

• On March 1, 2025, Robert Michael Fuchs, EVP of Human Resources & Admin at RE/MAX Holdings, received performance-based and time-based restricted stock units (RSUs) under the 2023 Omnibus Incentive Plan.
• The target amount of performance-based RSUs granted is 39,415, which will vest based on performance between January 1, 2025, and December 31, 2027, with the actual number vesting ranging from 0-200% of the target.
• An additional 39,415 time-based RSUs were granted, vesting in three equal annual installments starting March 1, 2026.
• 3,631 shares of Class A common stock were withheld by RE/MAX Holdings to cover tax obligations related to the settlement of RSUs on March 1, 2025, at a price of $8.88 per share.
• Following these transactions, Fuchs beneficially owns 151,038 shares of Class A Common Stock, which includes 139,220 unvested time-based RSUs and 115,254 unvested performance-based RSUs.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, indicating a neutral to slightly positive sentiment as it aligns executive interests with company performance.

Positives

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

Risks

• The actual number of performance-based RSUs that vest could be significantly lower than the target amount if performance goals are not met.
• The value of the shares withheld for tax obligations is subject to market fluctuations.

Future Outlook

The performance-based RSUs will vest based on the company's performance over the period from January 1, 2025, to December 31, 2027.

Industry Context

Stock grants and RSU awards are common practices in the real estate industry to incentivize and retain key executives.

Comparison to Industry Standards

• RE/MAX's executive compensation practices, including RSU grants, are generally in line with those of other publicly traded real estate companies such as Realogy (RLGY) and Compass (COMP).
• The vesting schedules and performance metrics associated with these grants are typically designed to align executive compensation with shareholder value creation, similar to practices observed at other industry peers.

Stakeholder Impact

• The RSU grants align executive compensation with company performance, potentially benefiting shareholders.
• The grants incentivize the executive to contribute to the company's success, which could positively impact employees, customers, and suppliers.

Key Dates