Company: HOUS
Filing Date: 2025-03-14
Form Type: PRE 14A
Source: 0001398987-25-000042
Chunk: 64

Company: Anywhere Real Estate Inc.
Filing Date: 2025-03-14
Form: PRE 14A
Chunk 64
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4, the Company updated its definition of Operating EBITDA to conform with the presentation of similar metrics by industry competitors. However, in order to avoid distorting award outcomes and facilitate direct comparison to the budget target, as established in February 2024, the original Plan Operating EBITDA target levels and calculated achievement have not been restated. T he Committee made the following adjustments to Plan Operating EBITDA for 2024: impact of foreign exchange movement, pension expense, litigation reserves that differ from those included in the EIP target, and the impact of acquisition-related corporate transactions. See Annex Afor a detailed reconciliation.

For details on individual NEO payouts under the EIP, see “ 2024 Executive Incentive Plan ( “ EIP ” ) Payouts” on page 45of this CD&A.

#### Long-Term Incentive (Equity)
We grant equity awards to our NEOs to reinforce management’s focus on long-term stockholder value and commitment to the Company. The Committee regularly evaluates the structure of these equity awards to ensure the right balance of time- and performance-based equity that supports the objectives of our compensation philosophy, aligns with our business priorities, and considers the perspectives of our stockholders.

Recent Changes to our Long-Term Incentives (“LTI”)

Beginning in 2022 and continuing through 2024, the Committee had robust discussions regarding how to better mitigate the impact of the cyclicality of the residential real estate industry on the volatility of award payouts as well as to address the impact of the current historic downturn in the industry, which has dramatically reduced or eliminated the retentive value of outstanding awards in our incentive compensation programs.

These concerns were discussed with investors who participated in the Board's 2023 Investor Outreach (ahead of the grant of 2024 LTI awards) and 2024 Investor Outreach (following the grant of the 2024 LTI awards). During these meetings, our stockholders were generally supportive of the LTI design changes, which were previewed in our 2024 proxy statement and implemented in 2024:

| Compensation Challenge                                                                                                                                                                                                |     | Design Change                                                                                                                                                                                                                                                                                                                    |     | Relevant Investor Feedback                                                                                                                                                                                         |
| Long-term financial forecasting is exceptionally difficult given the volatility and uncertainty facing the residential real estate industry, including due to macro factors beyond the control of the management team |     | Set FCF PSU targets on an annual basis for each year in the three-year performance cycle, but no payout until the end of the three-year performance cycle