Company: SACH
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-042273
Chunk: 21

Company: Sachem Capital Corp.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 21
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 sell Company securities “short.” Anti-Pledging Policy All of our officers, directors and employees are subject to our anti-pledging policy, which prohibits holding Company securities in a margin account or pledging Company securities as collateral for a loan. Equity Award Practice The Compensation Committee generally approves annual grants to executive officers at a meeting that occurs during the first quarter following each fiscal year end. In addition to the annual grants, stock awards may be granted at other times during the year to new hires, employees receiving promotions, and in other special circumstances. We do not grant equity awards in anticipation of the release of material, nonpublic information or time the release of material, nonpublic information based on equity award grant dates, vesting events, or sale events. We have not timed the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation for our Named Executive Officers. During 2024, we did not grant stock options to our Named Executive Officers. Clawback Policy We have adopted a clawback policy for executive officers, in compliance with NYSE rules and SEC regulations. The Company’s clawback policy allows the Company to recoup the value of any erroneously awarded incentive compensation paid based wholly or partly on the attainment of performance conditions containing financial reporting measures, in the event that the Company is required to prepare an accounting restatement due to material noncompliance with any financial reporting requirements under securities laws. The clawback policy covers any erroneously awarded incentive compensation received during the three completed fiscal years preceding the date on which the Company is required to prepare such accounting restatement. 13 COMPENSATION OF DIRECTORS The Board periodically reviews the type and form of compensation paid to our non-employee directors. Based on this review, the Board makes adjustments to the non-employee director compensation program in an effort to provide competitive compensation to our non-employee directors. For 2024, our Compensation Committee retained Farient Advisors, LLC (“ Farient ”) to provide it with information, recommendations, and other advice relating to director compensation. Our non-employee director compensation plan, as amended on September 30, 2024 (the “ Director Plan ”), provides the following compensation for our non-employee directors: • effective January 1, 2024, each non-employee director receives cash compensation in the total amount of $90,000 per year, which amount is paid in equal quarterly installments of $22,500 on the first day of each calendar quarter ( i.e., January 1, April 1, July