Company: HOUS
Filing Date: 2025-03-14
Form Type: PRE 14A
Source: 0001398987-25-000042
Chunk: 70

Company: Anywhere Real Estate Inc.
Filing Date: 2025-03-14
Form: PRE 14A
Chunk 70
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. Based on feedback received during our 2024 Investor Outreach program, the Committee committed to avoid off-cycle awards, barring extraordinary circumstances, with no new off-cycle awards granted to our named executive officers since our fall 2024 Investor Outreach Program. However, we believe that the individual off-cycle awards discussed below 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.

#### CEO
2024-2025 CEO Performance Awards. As more fully described in the Compensation Discussion and Analysis section of our 2024 proxy statement issued last year, in November 2023, the Board, based on recommendations from the Committee, considered Mr. Schneider's executive management and leadership expertise, the critical role he plays in setting and executing the Company’s business strategy, and the potential business disruption likely to be caused by a loss of his services and determined to grant the CEO a performance-based cash incentive award with two separate one-year performance periods each covering one of the following two fiscal years (with each cycle offering a payout opportunity of $5 million). If earned, the performance awards are subject to clawback if Mr. Schneider resigns his employment other than for Good Reason (as defined in his employment agreement) prior to March 1 st of the year following the year of payout.

The 2024 CEO Performance Award was based upon the achievement of realized cost savings for the year ending December 31, 2024, at a level set by the Committee in November 2023. The realized cost savings performance requirement was achieved as of December 31, 2024, as the Company realized approximately $125 million in cost savings in the year, exceeding the $100 million estimate announced in our February 2024 earnings release (subsequently increased to a full-year target of $120 million in our August 2024 earnings release). The award was paid following Committee approval of the performance results in the first quarter of 2025, but remains subject to clawback in the event that the CEO voluntarily terminates his service with the Company (without Good Reason) prior to March 1, 2026. Accordingly, this award will be reported in the “Non-Equity Incentive Compensation” column of the Summary Compensation Table as 2026 compensation in our 2027 proxy statement.

In the first quarter of 2025, the Committee established two metrics for the 2025 CEO Performance Award, the final performance segment of the award. Specifically, up to