Form 4: RE/MAX Holdings VP Leah R. Jenkins Reports Stock Grants and Tax Withholding

VP, Chief Accounting Officer of RE/MAX Holdings, Leah R. Jenkins, reports the acquisition of performance-based and time-based restricted stock units (RSUs) and the withholding of shares for tax obligations.

Summary

• Leah R. Jenkins, VP, Chief Accounting Officer of RE/MAX Holdings, filed a Form 4 detailing changes in beneficial ownership.
• On March 1, 2025, Jenkins was granted 9,962 performance-based RSUs under the 2023 Omnibus Incentive Plan, which will vest based on performance between January 1, 2025, and December 31, 2027; the actual number of RSUs vesting can range from 0-200% of the target amount.
• Also on March 1, 2025, Jenkins received 9,962 time-based RSUs under the same plan, vesting in three equal annual installments starting March 1, 2026.
• 1,860 shares of Class A common stock were withheld by RE/MAX Holdings on March 1, 2025, to cover tax obligations related to the settlement of RSUs at a price of $8.88.
• Following these transactions, Jenkins beneficially owns 43,397 shares of Class A Common Stock, including 39,790 unvested RSUs.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine transactions related to executive compensation.

Positives

• The grant of RSUs to a key officer aligns her interests with the company's performance and long-term success.

Future Outlook

The performance-based RSUs will vest based on the company's performance between January 1, 2025, and December 31, 2027.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company executives and their confidence in the company's prospects.

Stakeholder Impact

• Shareholders can monitor insider transactions to gauge management's alignment with company performance.

Key Dates