Real REMAX (REAX) C.A.O. Leah Jenkins Receives Restricted Shares
$REAX · Real REMAX Group Inc.Research Summary
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Real REMAX (REAX) C.A.O. Leah Jenkins Receives Restricted Shares
What Happened Leah R. Jenkins, Chief Accounting Officer of Real REMAX Group Inc. (REAX), was awarded a total of 15,427 restricted share units (RSUs) on August 24, 2026. The Form 4 shows two grant entries that day—10,079 shares and 5,348 shares (both reported as transaction code A: award/grant). No per-share price is reported (N/A), so no total dollar value is provided on the filing.
Key Details
- Transaction date: 2026-08-24 (both awards).
- Grants: 10,079 shares and 5,348 shares, total = 15,427 RSUs; transaction code A = Award/Grant.
- Price per share: N/A in the filing (no cash value listed).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: Reported on the same date as the transaction (no late filing indicated).
- Relevant footnotes: awards arise from the merger/arrangement among the Issuer, The Real Brokerage Inc. and RE/MAX Holdings, Inc.; conversion and issuance were governed by the Merger Agreement and related share-consolidation and conversion mechanics (see footnotes F1–F5).
Context These awards are merger-related: under the Merger Agreement, outstanding REMAX and Real equity and RSUs were converted into the Issuer’s common stock (after a 10-for-1 share consolidation for Real) using conversion ratios (notably a 0.5150 multiplier for converting REMAX RSUs into Issuer RSUs). Footnotes indicate holders who elected the cash consideration were subject to proration and received a combination of cash and a reduced number of shares (footnotes F1–F5). Because this is an award (not an open-market purchase or sale), it reflects merger consideration and conversion mechanics rather than an independent buy/sell decision by the insider.