Company: BHM
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001104659-25-035097
Chunk: 66

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 66
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 our management team and our non-employee directors, and to remain competitive in our industry.

However, as of April 11, 2025, 275,275 shares remain available for issuance under the 2022 Incentive Plans. Without stockholder approval of the Amended 2022 Incentive Plans, there will not be sufficient capacity under the 2022 Incentive Plans to make awards available to our executive officers and our non-employee directors, and we will be forced to either greatly reduce or eliminate long-term equity incentive awards to our executive officers or replace them with cash compensation. If we eliminate long-term awards, it will likely diminish our ability to retain our management team. If we instead pay compensation in cash, the amount of capital available for reinvestment in the Company’s growth will be reduced. We believe that both of these alternatives have the potential to reduce stockholder value.

We are seeking stockholder approval of the Amended 2022 Incentive Plans to increase the aggregate number of shares that may be issued thereunder by 425,000 shares, in order to provide for sufficient shares to cover awards to our executive officers and non-employee directors, as well as key members of the Company’s non-executive management team and other key employees, for approximately three to five additional years.

### Background and Purpose of our Equity Incentive Plans
The 2022 Incentive Plans were adopted by our board of directors and approved by our sole initial stockholder effective as of October 6, 2022. Our board of directors considers the 2022 Incentive Plans an integral part of our ability to attract and retain independent directors, executive officers and other key employees, including officers and employees of our Manager and Operating Partnership and their affiliates and other service providers, including our Manager and its affiliates. The 2022 Incentive Plans provide for the grant of options to purchase shares of our common stock, stock awards, stock appreciation rights, performance units, incentive awards and other equity-based awards. Our board of directors believes that the 2022 Incentive Plans have benefited the Company by (i) assisting in recruiting and retaining the services of individuals and other service providers with high ability and initiative, (ii) providing greater incentives for participants who provide valuable services to the Company and its affiliates, and (iii) associating the interests of participants with the Company and its stockholders.

On April 15, 2025, our board of directors adopted the Amended 2022 Incentive Plans