Company: FOACW
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001193125-25-065614
Chunk: 26

Company: Finance of America Companies Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 26
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 are disclosed in Note 20 (Equity-Based Compensation) to the Consolidated Financial Statements in our Annual Report on Form 10-K filed on March 14, 2025. |

| (5) | For each named executive officer, the amounts in the “All Other Compensation” column include Company 401(k) matching contributions. For Ms. Sieffert, the amounts in the “All Other Compensation” column also include remote work business stipends totaling $1,200. |

| (6) | For Mr. Prahm, the amounts in the “All Other Compensation” and “Total” columns for 2023 reported in the Company’s Proxy Statement for its 2024 Annual Meeting of Stockholders, filed with the SEC on March 28, 2024, were $7,000 and $3,007,001, respectively. Those amounts have been increased in the table to account for a $2,900 Company 401(k) matching contribution that was applied retroactively to the 2023 401(k) plan year. |

20

Narrative Disclosure to Summary Compensation Table 2024 Named Executive Officer Compensation Base Salaries We provide each named executive officer with a base salary for the services that the executive officer performs for us. This compensation component constitutes a stable element of compensation while other compensation elements are variable. Base salaries are reviewed annually and may be increased in light of the individual performance of a named executive officer, company performance, or changes in the executive’s position within our business, the scope of his or her responsibilities and his or her tenure with the Company. On April 1, 2023, Ms. Sieffert received a base salary increase in connection with Ms. Sieffert’s appointment as President of the Company, increasing her base salary from $400,000 to $650,000. Our named executive officers did not otherwise receive any adjustments to their base salaries for 2023 or 2024. Salary Continuation Agreement The Company entered into a salary continuation agreement with Jeremy E. Prahm on December 2, 2015, which provides the Company the option to pay Mr. Prahm his regular salary and any benefits (excluding bonus or other incentive compensation) for a period of the Company’s choosing (not to exceed 6 months from the date of termination) in exchange for Mr. Prahm’s agreement to abide by certain restrictive covenants, including noncompetition, non-solicitationand confidentiality provisions. The agreement would be triggered by his voluntary separation