Company: HGBL
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056713
Chunk: 32

Company: Heritage Global Inc.
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 32
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d) above), adjusted for the value of equity pursuant to Item 402(v)(2)(iii)(C) of Regulations S-K, and detailed in the table following.

(3) For the years 2024, 2023 and 2022, this is the average total compensation, as disclosed in the Summary Compensation Table above, for our non-PEO NEOs Mr. David Ludwig and Mr. Nicholas Dove.

(4) Total Shareholder Return. The value is based on a fixed investment of one hundred dollars in our common stock measured from the market close on December 31, 2021 (the last trading day of 2021) through and including the end of the fiscal year for each year reported in the table.

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The following table presents compensation actually paid as determined by adjusting the Summary Compensation Table Total for the PEO (column (b) above) and Average Summary Compensation Table Total for the Non-PEO NEOs (column (d) above) for the value of equity pursuant to Item 402(v)(2)(iii)(C) of Regulations S-K: [OPEN]

|                                                                                                                                                                            |     | PEO |     2024 |   |     |   |      2023 |   |     |   |    2022 |     | Non-PEO NEO 
 (Average)   |      2024 |   |     |   |      2023 |   |     |   |      2022 |   |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:----|---------:|:--|:----|:--|----------:|:--|:----|:--|--------:|:----|:------------|----------:|:--|:----|:--|----------:|:--|:----|:--|----------:|:--|
| Summary Compensation Table Total                                                                                                                                           |     | $   |  944,974 |   |     | $ | 1,260,691 |   |     | $ | 877,455 |     | $           | 1,007,408 |   |     | $ | 1,330,285 |   |     | $ | 1,110,341 |   |
| Subtract: Grant date fair value of equity awards granted during the covered year                                                                                           |     |     | (225,171 | ) |     |   |  (146,143 | ) |