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RE/MAX Holdings Executive Compensation (FY24)

RMAX · Executive and director compensation, fiscal 2022 to 2024

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Data as of September 17, 2026Latest filing (8-K): May 20, 2025
8 filings cited on this page
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RE/MAX Holdings brief$1,500Get the executive brief
268 figures on this page: 263 cited to the filing that reported them, 5 calculated from figures it prints. See the citations
Chief executive, fiscal 2024
◇
Erik Carlson
Median of the other named officers
$1,724,698
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 14, 2025
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Erik Carlson: $4,536,352 → $1,812,352 (60.0% lower)
CEO pay ratio: 45:1 → 17:1 (62.2% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is RE/MAX Holdings' chief executive and what were they paid?
Erik Carlson was paid $1,812,352 in total compensation as Chief Executive Officer for fiscal 2024. Carlson's total was 60.0% lower than the $4,536,352 reported for fiscal 2023.
What was RE/MAX Holdings' say-on-pay result?
Shareholders recorded 92.3% support for the say-on-pay proposal at the meeting held May 14, 2025 for fiscal 2024.
Which companies are in RE/MAX Holdings' peer group?
Companies named in the disclosed peer group include CarGurus, Inc., Cars.com, LLC, Concrete Pumping Holdings, Inc., Consumer Portfolio Services, Inc. and CSG Systems International, Inc., among others.
What is RE/MAX Holdings' chief executive pay ratio?
The company reported a chief executive pay ratio of 17:1 for fiscal 2024, against median employee compensation of $103,697.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stephen Joyce
Chief Executive Officer (Interim)
Served on an interim basis
◇◇◇————◇
Karri Callahan
Chief Financial Officer
◇◇◇—◇—◇◇
Serene Smith
Former Chief of Staff and Chief Operating Officer
◇◇◇—◇—◇◇
Ward Morrison
President and Chief Executive Officer of Motto Mortgage and wemlo
◇◇◇—◇—◇◇
Abby Lee
Chief Legal Officer and Secretary
◇◇◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Erik Carlson
Chief Executive Officer
◇◇◇————◇
Stephen Joyce
Chief Executive Officer (Interim)
Served on an interim basis
◇◇◇———◇— not reconciled
Karri Callahan
Chief Financial Officer
◇—◇—◇—◇◇
Serene Smith
Former Chief of Staff and Chief Operating Officer
◇—◇—◇—◇◇
Ward Morrison
President and Chief Executive Officer of Motto Mortgage and wemlo
◇—◇—◇—◇◇
Abby Lee
Chief Legal Officer and Secretary
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ward Morrison
President and Chief Executive Officer of Motto Mortgage and wemlo
◇◇◇—◇—◇◇
Karri Callahan
Chief Financial Officer
◇—◇—◇—◇◇
Erik Carlson
Chief Executive Officer
◇———◇—◇◇
W. Grady Ligon
Chief Information Officer
◇◇◇—◇—◇◇
Serene Smith
Former Chief of Staff and Chief Operating Officer
Departed during or after this year
◇◇◇—◇—◇◇
Susie Winders
Executive Vice President, General Counsel, Chief Compliance Officer, and Secretary
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2024
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Erik CarlsonRSU◇——◇——◇
Karri R. CallahanPSU◇◇◇—◇—◇
Karri R. CallahanRSU◇——◇——◇
Susan L. WindersPSU◇—◇—◇—◇
Ward M. MorrisonPSU◇◇◇—◇—◇
Ward M. MorrisonRSU◇——◇——◇
William G. LigonRSU◇——◇——◇
William G. LigonPSU◇◇◇—◇—◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2024 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Susan WindersPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Karri CallahanPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Ward MorrisonPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Serene SmithPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
William LigonPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Erik CarlsonPSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Erik Carlson
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Karri Callahan
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Ward Morrison
President and Chief Executive Officer of Motto Mortgage and wemlo · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Roger J. Dow
◇◇———◇◇
Katherine L. Scherping
◇◇———◇◇
Christine M. Riordan
◇◇———◇◇
Teresa S. Van De Bogart
◇◇———◇◇
Norman K. Jenkins
◇◇———◇◇
Annita M. Menogan
◇◇———◇◇
Stephen P. Joyce
◇◇————◇
Cathleen Raffaeli
◇◇————◇
Kathleen J. Cunningham
◇◇———◇◇
Laura G. Kelly
◇————◇◇
David L. Liniger and Erik Carlson served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.
Stock ownership guideline: We have stock ownership guidelines.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • CarGurus, Inc. CARG
  • Cars.com, LLC CARS
  • Concrete Pumping Holdings, Inc. BBCP
  • Consumer Portfolio Services, Inc. CPSS
  • CSG Systems International, Inc. CSGS
  • Dine Brands Global, Inc. DIN
  • Emerald Holding, Inc. EEX
  • Enova International, Inc. ENVA
  • Federal Agricultural Mortgage Corporation AGM
  • LendingClub Corporation LC
  • Marcus & Millichap, Inc. MMI
  • Noodles & Company NDLS
  • Planet Fitness, Inc. PLNT
  • Redfin Corporation RDFN
  • The ONE Group Hospitality, Inc. STKS
  • Velocity Financial, Inc. VEL
  • Wingstop Inc. WING
  • Zillow Group, Inc. Z

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024May 14, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 24, 2023=◇◇◇
2019May 27, 2020=◇◇◇
2016May 24, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact RE/MAX Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where RE/MAX Holdings sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
268 figures on this page: 263 cited to the filing that reported them, 5 calculated from figures it prints.
263 cited to the filing
5 calculated from the filing

Documents cited

  1. 0001104659-25-051001
    Proposal 2: Advisory vote to approve the compensation of Named Executive Officers The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers
  2. 0001558370-25-004353
    Compensation Discussion and Analysis · DIRECTOR COMPENSATION · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year End · and 1 more section
  3. 0001104659-24-066099
    Proposal 2: Advisory vote to approve the compensation of named executive officers The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers
  4. 0001558370-24-004940
    Summary Compensation Tabl e · Summary Compensation Table
  5. 0001104659-23-066623
  6. 0001558370-23-005817
    Summary Compensation Tabl e · Summary Compensation Table
  7. 0001104659-20-068932
  8. 0001558370-17-004569
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Velarion, “RE/MAX Holdings executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/RMAX (accessed 2026).
Short form: data: Velarion

The RE/MAX Holdings brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
8 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers RE/MAX Holdings discloses

The companies named in RMAX's own disclosed peer group.

CarGurus, Inc.Cars.com, LLCConcrete Pumping Holdings, Inc.Consumer Portfolio Services, Inc.CSG Systems International, Inc.Dine Brands Global, Inc.Emerald Holding, Inc.Enova International, Inc.Marcus & Millichap, Inc.Noodles & CompanyPlanet Fitness, Inc.Redfin CorporationVelocity Financial, Inc.Wingstop Inc.Zillow Group, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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