Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 30

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 30
---
 $                                                                           | 11.47 |     |                                                                                                                                      | 80,908 |
| 2011 Long Term Incentive Plan                              |     |                                                                                                                     | 33,241 |     | $                                                                           | 13.15 |     |                                                                                                                                      |      – |
| Equity compensation plans not approved by security holders |     |                                                                                                                     |      – |     |                                                                             |     – |     |                                                                                                                                      |      – |
| Total                                                      |     |                                                                                                                     | 81,433 |     |                                                                             |       |     |                                                                                                                                      | 80,908 |

No more securities are being issued
under the 2011 Long Term Incentive Plan.

The Company’s Policies and Practices Related to the Grant of Certain Equity Awards Close in Time to the Release of Material Nonpublic Information

The Company maintains practices
regarding the timing of equity-based compensation grants to executive officers, though it does not have a formal written policy governing
such grants. The timing of any equity grants to executive officers in connection with new hires, promotions, or other non-routine grants
is tied to the event giving rise to the award (such as an executive officer’s commencement of employment or promotion effective
date). As a result, in all cases, the timing of grants of equity awards, including stock options, occurs independent of the release of
any material nonpublic information, and the Company does not time the disclosure of material nonpublic information for the purpose of
affecting the value of equity-based compensation.

During fiscal 2024, there were
no equity grants made to the Company executive officers during any period beginning four business days before the filing of a periodic
report or current report disclosing material non-public information and ending one business day after the filing or furnishing of such
report with the SEC.

| 19 |

<div align='center'>Pay-versus-Performance Table</div>

As required by Section 953(a)
of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information
about the relationship between executive compensation actually paid and the Company’s financial performance. The amounts in the
table below are calculated in accordance with SEC rules and do not represent amounts actually earned or realized by our NEOs.

| Year 
 (a)  |     | Summary Compensation Table Total for PEO 
                                (b)(1)($) |     | Compensation Actually Paid to PEO 
                         (c)(2)($) |