Company: NEWTP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001587987-25-000073
Chunk: 37

Company: NewtekOne, Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 37
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426,400 in respect of Mr. Price’s 2023 base salary ) . Pursuant to Mr. Price’s 2023 employment agreement with the Company, he was paid a $133,333 cash bonus in 2024, and did not receive a cash bonus in 2023. Mr. Price received a Restricted Stock Award of 1,989 restricted Common Shares in July 2024, which will fully vest in July 2025, a Restricted Stock Award of 4,119 restricted Common Shares in October 2024, which will fully vest in October 2025; and a Restricted Stock Award of 18,645 restricted Common Shares in July 2023, which will fully vest in July 2026.

Mr. Young’s annual base salary was $700,000 in 2024 and $650,000 in 2023. Mr. Young received a $100,000 cash bonus in each of 2024 and 2023. Mr. Young received a Restricted Stock Award of 7,955 restricted Common Shares in July 2024, which will fully vest in July 2025, and a Restricted Stock Award of 8,237 restricted Common Shares in October 2024, which will be vest in October 2025. Mr. Young did not receive a Restricted Stock Award in 2023.

Mr. DeMaria’s annual base salary was $360,000 in 2024 and $300,000 in 2023. Mr. DeMaria was paid a $100,000 cash bonus in 2024 and did not receive a cash bonus in 2023. Mr. DeMaria received a Restricted Stock Award of 19,889 restricted Common Shares in July 2024, which will fully vest in July 2027, a Restricted Stock Award of 4,119 restricted Common Shares in October 2024, which will fully vest in October 2025; and a Restricted Stock Award of 6,215 restricted Common Shares in July 2023, which will fully vest in July 2026.

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Elements of Executive Compensation and 2024 Compensation Determinations

Base Salary . We believe that base salaries are a fundamental element of our compensation program. The Nominating Committee establishes base salaries for each NEO to reflect (i) the scope of the NEO’s industry experience, knowledge and qualifications, (ii) the NEO’s position and responsibilities and contributions to our business growth and (iii) salary levels and pay practices of those