other material
confidence high
sentiment neutral
materiality 0.25
RE/MAX grants new CAO Adam Grosshans performance RSUs and time-based RSUs
RE/MAX Holdings, Inc.
- Compensation Committee granted Grosshans 2,689 target performance-based RSUs with 0-200% payout based on revenue target for 2022-2024.
- Performance RSUs vest after three years; no shares vest if minimum revenue threshold is not met.
- Also granted 127 time-based RSUs vesting in three annual installments beginning March 1, 2023.
- Grant made on June 1, 2022, following Grosshans' appointment as VP and CAO effective May 13, 2022.