Company: CFBK
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000950170-25-060182
Chunk: 32

Company: CF BANKSHARES INC.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 32
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 5,905 |     |              |  1,833 |     |             | 1,333 |
| 4/11/26 |     |            |  5,000 |     |              |  2,000 |     |             | 1,667 |
| 6/11/26 |     |            |  5,833 |     |              |      - |     |             |     - |
| 4/11/27 |     |            |  5,000 |     |              |  2,000 |     |             | 1,666 |
| 6/11/27 |     |            |  5,833 |     |              |      - |     |             |     - |
|         |     |            | 49,310 |     |              | 11,332 |     |             | 8,832 |

(2) Market Value was computed by multiplying the closing market price of the Company’s common stock at 2024 fiscal year-end ($25.54) by the number of restricted stock shares. Timing of Grants of Equity Awards The Company has not granted stock options in more than 11 years. The Company does not grant stock options or similar awards in anticipation of the release of material nonpublic information that is likely to result in changes to the price of the Company’s Common Stock, such as a significant positive or negative earnings announcement, or time the public release of such information based on stock option grant dates. In addition, the Company does not grant stock options or similar awards during periods in which there is material nonpublic information about the Company, including during “blackout” periods or outside a “trading window” established pursuant to the Company’s Insider Trading Policy. These restrictions do not apply to

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other types of equity awards that do not include an exercise price related to the market price of the Company’s Common Stock on the date of grant. If stock options were to be granted in the future, the Compensation Committee would determine the grant date, and the Company’s executive officers would not be permitted to choose the grant date for any stock option grants. During fiscal 2024, none of the Company’s NEOs were awarded stock options, and the Company did not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.

Incentive Compensation Plan INFORMATION

On August 11, 2016, the Company adopted