Company: CLPR
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001437749-25-013840
Chunk: 49

Company: Clipper Realty Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 49
---
 |     | $               | 1,057,000 |     | $               | 307,089 |     | $     | 1,754,589 |
| Jacob Schwimmer                   | 2024 |     | $      | 325,000 |     | $         | 2,262,500 |     | $               |   300,000 |     | $               | 224,200 |     | $     | 3,111,700 |
| Chief Property Management Officer | 2023 |     | $      | 300,000 |     | $         |   370,000 |     | $               |   950,000 |     | $               | 204,812 |     | $     | 1,824,812 |

| (1) | The 2024 “Stock Awards” column includes: (a) annual incentive award granted to Mr. D. Bistricer on March 12, 2024, in the form of 61,224 LTIP units having a grant date fair value of $300,000; (b) special long-term equity incentive awards for the successful completion of the Article 11 transaction related to the Flatbush Gardens property granted to Mr. David Bistricer – 360,990 LTIP units with a grant date fair value equal to $1,610,000; Mr. J.J. Bistricer – 631,727 LTIP units with a grant date fair value equal to $2,817,502; and Mr. Schwimmer – 451,233 LTIP units with a grant date fair value equal to $2,012,499; and (c) long-term equity incentive awards granted to: Mr. David Bistricer – 109,184 LTIP units with a grant date fair value equal to $535,000; Mr. J.J. Bistricer – 51,020 LTIP units with a grant date fair value equal to $250,000; and Mr. Schwimmer – 51,020 LTIP units with a grant date fair value equal to $250,000. The amounts reported in this column represent the grant date fair value of the LTIP unit awards calculated in accordance with FASB ASC Topic 718. For a discussion of the assumptions and methodologies used in calculating the grant date fair value of the LTIP unit awards, see Note 2 to the Company’s consolidated financial statements in the Company’s Annual