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

Company: Sachem Capital Corp.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 30
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 our directors, employees (including our Named Executive Officers), and consultants. In February 2023, Mr. Villano received a grant of 130,890 shares of restricted stock (based on the closing price of $3.82 per share of Common Share on February 16, 2023). Such restricted stock award vests in three equal installments on each of January 1, 2024, 2025 and 2026, subject to Mr. Villano’s continued service with the Company on the vesting date; provided that such restricted stock award will become fully vested if Mr. Villano’s employment is terminated without “Cause” or due to resignation for “Good Reason”. In March 2024, Mr. Villano received a grant of 111,857 shares of restricted stock (based on the closing price of $4.53 per share of Common Share on March 19, 2024). Such restricted stock award vests in three equal installments on each of January 1, 2025, 2026, and 2027, subject to Mr. Villano’s continued service with the Company on the applicable vesting date; provided that the restricted stock award will become fully vested become fully vested if Mr. Villano’s employment is terminated without “Cause” or due to resignation for “Good Reason”. Retirement Plan The Company maintains the Sachem Capital Corp. 401(k) Profit Sharing Plan (the “401(k) Plan”). All employees who meet the participation criteria are eligible to participate in the 401(k) Plan. Under the terms of the 401(k) Plan, the Company is obligated to contribute 3% of a participant’s compensation to the 401(k) Plan. Employee Benefits and Perquisites Our Named Executive Officers are eligible to participate in our health and welfare plans to the same extent as all full-time employees generally. We also provide our Named Executive Officers with term life insurance and disability insurance at our expense as we do for all of our full-time employees. Except for the benefits provided to Mr. Villano under his employment agreement, we do not provide our Named Executive Officers with any other significant perquisites or other personal benefits. 18

Outstanding Equity Awards at Fiscal Year-End 2024 The following table sets forth information concerning outstanding equity awards to the Named Executive Officers as of December 31, 2024.

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