Form 4: RE/MAX Holdings Officer Nicholas R. Bailey Reports Departure and Stock Transactions
SEC Form 4 Filing
Nicholas R. Bailey, a departing officer of RE/MAX Holdings, reported the acquisition and disposal of Class A Common Stock related to a short-term incentive and tax obligations.
Summary
- Nicholas R. Bailey, a departing officer of RE/MAX Holdings, filed a Form 4 detailing changes in beneficial ownership.
- On February 23, 2024, Bailey acquired 14,916 shares of Class A Common Stock as part of a 2023 short-term incentive paid in equity.
- On the same day, 4,280 shares of Class A Common Stock were withheld by the issuer to satisfy tax obligations related to the equity issuance.
- Following these transactions, Bailey beneficially owns 131,746 shares of Class A Common Stock, including 88,556 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation; it doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Officer | Nicholas R. Bailey | Departing Officer |
Stakeholder Impact
- Shareholders may be interested in executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of stock acquisition and disposal related to short-term incentive and tax obligations. |
| 02/27/2024 | Date of Form 4 filing. |
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