First quarter 2022 selling, operating, and administrative expenses increased primarily due to higher travel and events expenses, largely from our annual agent convention, higher personnel costs from headcount increases, an increase in acquisition-related expenses, and the reinstatement of the 401k match to pre-pandemic levels, partially offset by lower equity-based compensation expense.

Apr 29, 2022 / CFO / receipt, needs a key / Gary K. Miller, CFO | earnings call 2022-04-29 | transcript 2360ead1-c6a5-4632-98ff-c0c5d9548e1c | chars 15869-16258 | segment 16