Worked remote most of my life. Quarterly meetups are exhausting for people that didn't sign up for travel for their job. Many people doing remote work do so because they have a lot of responsibilities at home and benefit from being able to work around family, pets, etc.

However, my experience is the difference between 0 in person meetups and even 1 per year is astounding. I was at one company that didn't have in person meetups for years and when they finally did the company culture changed (for the better) over night. The difference between 1 per year and 4 per year is negligible barring the fact that the latter makes me start to dread meetups rather than enjoy them.