The Real Brokerage Inc. Announces Restricted Share Unit Grant

Rhea-AI Summary

The Real Brokerage Inc. (Real) has announced the grant of 6,371 restricted share units (RSUs) to senior officers as part of its RSU Plan, approved by shareholders on August 20, 2020. These RSUs will vest over three years, reinforcing Real's commitment to enhancing its leadership compensation and aligning interests with shareholders. Operating in 27 U.S. states and the District of Columbia, Real aims to improve agents' financial opportunities through competitive commission splits, advanced technology, revenue sharing, and equity incentives.

Positive

• Granting 6,371 RSUs aligns management interests with those of shareholders.
• RSUs will vest over three years, enhancing leadership retention.

Negative

• None.

TORONTO and NEW YORK, April 5, 2021 /PRNewswire/ -- The Real Brokerage Inc. ("Real") (TSXV: REAX) (OTCQX: REAXF), a national, technology powered real estate brokerage in the United States, today announced that it has granted restricted share units ("RSUs") under Real's restricted share unit plan (the "RSU Plan") which was approved by shareholders on August 20, 2020.

Real granted an aggregate of 6,371 RSUs to certain senior officers of Real. The RSUs will vest over a three-year period and in accordance with the RSU Plan.

About Real
Real (www.joinreal.com) is a technology-powered real estate brokerage operating in 27 U.S. states and the District of Columbia. Real is on a mission to make agents' lives better, creating financial opportunities for agents through higher commission splits, best-in-class technology, revenue sharing and equity incentives.

Contact Information:

For more details, please contact:
The Real Brokerage Inc.
Lynda Radosevich
lynda@joinreal.com
917-922-7020

 

View original content:http://www.prnewswire.com/news-releases/the-real-brokerage-inc-announces-restricted-share-unit-grant-301262038.html

SOURCE The Real Brokerage Inc.

FAQ

What is the purpose of the RSU grant announced by Real (REAXF)?

The RSU grant aims to align management interests with shareholders and retain leadership by providing compensation through equity.

How many RSUs were granted by Real on April 5, 2021?

Real granted a total of 6,371 restricted share units to senior officers.

When was Real's RSU Plan approved?

Real's RSU Plan was approved by shareholders on August 20, 2020.

What is the vesting period for the RSUs granted by Real?

The RSUs will vest over a three-year period.

In how many states does Real operate?

Real operates in 27 U.S. states and the District of Columbia.