Company: HOUS
Filing Date: 2025-03-24
Form Type: DEF 14A
Source: 0001398987-25-000047
Chunk: 62

Company: Anywhere Real Estate Inc.
Filing Date: 2025-03-24
Form: DEF 14A
Chunk 62
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 | Plan Operating EBITDA 
         (in millions) |
| Threshold                   |     | 25%                   |     |                  $197 |
| Target                      |     | 100%                  |     |                  $263 |
| Maximum                     |     | 200%                  |     |                  $329 |
| Actual                      |     | 122%                  |     |                  $277 |

* See Annex A for definition and reconciliation of Plan Operating EBITDA to the most directly comparable GAAP measure.

Effective December 31, 2024, the Company updated its definition of Operating EBITDA to conform with the presentation of similar metrics by industry competitors (s ee updated definition in Annex A). However, in order to avoid distorting award outcomes and facilitate direct comparison to the budget target, as established in February 2024, the Committee did not restate the original Plan Operating EBITDA target levels and calculated achievement under the 2024 EIP using the methodology in place in February 2024.

Rigorous Process in Setting a Challenging Operating EBITDA Target. The budgeting process undertaken by management and overseen by the Board is rigorous and set at a level that requires stretch performance and operational excellence to achieve.

In setting the 2024 Budget and 2024 Plan Operating EBITDA target, the Board considered the following factors:

▪ anticipated slight increases in volume in both brokerage, franchise and title businesses;

▪ expected benefits from new cost saving initiatives; and

▪ continued pressure on the share of gross commission income paid by our Company-owned brokerages to independent sales agents.

Target 2024 Plan Operating EBITDA of $263 million was above the $250 million of Plan Operating EBITDA achieved in 2023 as well as the 2023 Plan Operating EBITDA target of $253 million.

Based on the Board’s rigorous process, the Committee believed that the 2024 Plan Operating EBITDA target would be challenging to achieve.

| 2025 Proxy Statement |     | 47 |

| TABLE OF CONTENTS |     | CORPORATE GOVERNANCE |     | PROPOSAL 1 |     | EXECUTIVE COMPENSATION |     | PROPOSAL 2 |     | PROPOSAL 3 |     | PROPOSAL 4 |     | PROPOSAL 5 |     | PROPOSAL 6 |     | STOCKHOLDER PROPOSALS |     | FAQ |

| Historical EIP payouts demonstrate the high level of rigor required to