Company: SACH
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-042273
Chunk: 27

Company: Sachem Capital Corp.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 27
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 (i) an auto allowance of $26,000 per annum and (ii) a one-time payment by the Company in the amount of $88,392 to cover the estimated tax liability for the restricted stock awards to Mr. Villano that vested in 2023. (4) Mr. Marcello served as our Chief Financial Officer from August 8, 2024 to December 10, 2024 and as our Interim Chief Financial Officer from June 5, 2024 to August 7, 2024. (5) Represents a one-time payment by the Company in the amount of $16,599 to cover the estimated tax liability for the restricted stock awards to Mr. Marcello that vested in 2024. Narrative Disclosure to Summary Compensation Table Employment Agreements Employment Agreement with John L. Villano In August 2016, in anticipation of our initial public offering, we entered into an employment agreement with John L. Villano. The material terms of Mr. Villano’s employment agreement are as follows. • Mr. Villano serves as our Chairman, Chief Executive Officer and President. He also served as our Interim Chief Financial Officer until June 2024. • The employment agreement has an initial term of five years commencing in February 2017 unless terminated earlier in accordance with his employment agreement. The employment agreement is automatically extended for subsequent one year periods on each anniversary date unless either party provides written notice not to renew at least 180 days before the next anniversary date, in which case the agreement will terminate on the next anniversary date.

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• In April 2022, Mr. Villano’s base salary was increased to $750,000 per annum, effective retroactive as of January 1, 2022. • Mr. Villano is entitled to incentive compensation in such amount as determined by the Compensation Committee of the Board in its sole discretion, based on our achievement of the financial performance goals set by the Board and capital transactions. • Mr. Villano has the right to participate in all retirement, pension, deferred compensation, insurance, and other benefit plans adopted and maintained by us for the benefit of employees and is entitled to additional compensation in an amount equal to the cost of any such benefit plan or program if he chooses not to participate. • Mr. Villano is indemnified to the full extent permitted by law against and for any claims, liabilities, losses, expenses and costs incurred that relate to any acts or omission taken in his capacity as an officer or director. • Mr.