Company: HOUS
Filing Date: 2025-03-24
Form Type: DEF 14A
Source: 0001398987-25-000047
Chunk: 6

Company: Anywhere Real Estate Inc.
Filing Date: 2025-03-24
Form: DEF 14A
Chunk 6
---
 in any form, very seriously. In light of the low level of support from our investors on our 2024 “say-on-pay” proposal, the key objective of our 2024 Investor Outreach was to listen to our stockholders and better understand their perspectives on our executive compensation program .

We heard that our leadership team continues to have the confidence of our largest stockholders. We heard investors acknowledge the importance of retaining key talent during this unique period of uncertainty and volatility in the residential real estate industry. And we heard that investors want us to reach those goals through our regular target direct compensation program—where we have consistently emphasized performance-based and at-risk compensation.

Investors expressed support for the changes made to our target direct compensation program in 2023 and 2024—and appreciate the high levels of “at-risk” and performance-based compensation granted, in particular to the CEO. However, most investors expressed their dislike of off-cycle awards, in particular when such awards are significant in size and/or are cash-based awards that are not tied to performance metrics. Many investors noted that the size and nature of the off-cycle awards to our CEO in late 2023 (particularly, the cash-based bonus component) served as the primary driver of the lower level of support received for our 2024 say-on-pay proposal.

During the 2024 Investor Outreach, the Board and the Compensation and Talent Management Committee reaffirmed its commitment to avoiding the use of off-cycle awards with the executive team , barring extraordinary circumstances —with no new off-cycle awards granted since our fall 2024 Investor Outreach program.

Our Board participants emphasized that off-cycle awards do not represent a regular or preferred method of compensating our executives . The awards granted to our CEO in late 2023 and our CFO in the first quarter of 2024 were made as isolated, nonrecurring awards targeted directly at retaining exceptional executive talent during a period of extraordinary industry uncertainty. To date, the awards have been working as intended—as the Company has enjoyed stability in its leadership team as they execute against our strategy despite the challenging industry conditions currently facing the residential real estate market.

Responsive action to specific investor feedback is highlighted in the table on the next page.

| 2025 Proxy Statement |     | 2 |

| TABLE OF CONTENTS |     | CORPORATE GOVERNANCE |     | PROPOSAL 1 |     | EXECUTIVE COMPENSATION |     | PROPOSAL 2 |     | PROPOSAL 3 |     | PROPOSAL 4 |     | PROPOSAL