Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1682

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1B
Chunk 1682
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 were redeemed by Mr. Brafman in order to fund certain tax liabilities incurred by Mr. Brafman in connection with the vesting, on  January 31, 2023, of 470,330 restricted LLC Units and 49,750 restricted shares of the Company’s Common Stock, all of which had been previously granted to Mr. Brafman under the 2020 Long-Term Incentive Plan.

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   22. EQUITY-BASED COMPENSATION 
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   The following table summarizes the amounts the Company recognized as equity-based compensation expense including restricted stock, restricted units, membership units of consolidated sponsor entities and stock options. These amounts are included as a component of compensation and benefits in the consolidated statements of operations. The remaining unrecognized compensation expense related to unvested awards at  December 31, 2024 was $7,835 and the weighted average period of time over which this expense will be recognized is approximately 1.6 years. 
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    EQUITY-BASED COMPENSATION INCLUDED IN COMPENSATION AND BENEFITS 
 (Dollars in Thousands) 

       For the Year Ended December 31,  
   2024    2023    2022  
 Equity-based compensation expense  $4,668  $4,391  $4,390 
 Non equity-based compensation expense   51,720   47,701   45,900 
 Total compensation and benefits  $56,388  $52,092  $50,290 

   The following table summarizes the equity-based compensation by plan.  Each plan is discussed in detail below.﻿
    
    DETAIL OF EQUITY-BASED COMPENSATION BY PLAN 
(Dollars in Thousands)

       For the Year Ended December 31,  
   2024    2023    2022  
 Restricted Stock or Units - 2020 Plan  $4,668  $4,391  $4,369 
 Restricted Stock or Units - 2006/2010 Plans   -   -   21 
 Total equity-based compensation expense  $4,668  $4,391  $4,390 

   The Company’s 2020 Long-Term Incent