Company: SWAGW
Filing Date: 2025-07-11
Form Type: DEF 14A
Source: 0001213900-25-062961
Chunk: 27

Company: Stran & Company, Inc.
Filing Date: 2025-07-11
Form: DEF 14A
Chunk 27
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 that each of the Audit Committee’s members meets the definition of an “independent
director” as defined under Nasdaq Listing Rule 5605(a)(2), meets the criteria for independence set forth in Rule 10A-3(b)(1) under
the Exchange Act, and meets the other requirements for Audit Committee membership under Nasdaq Listing Rule 5605(c)(2). In making
this determination with respect to Ms. Cummins, the Board considered the transactions described under “Certain Relationships and Related Transactions – Transactions with Non-Employee Director Affiliates – Transactions with Kapstone Partners, LLC (Sarah L. Cummins)”. In addition, the Board has determined that Mr. Posner qualifies as an “audit committee financial
expert” as defined by Item 407(d)(5) of Regulation S-K.

Compensation Committee

The Compensation Committee is responsible for, among other things: (i) reviewing and approving theremuneration of our executive officers;
(ii) evaluating and making recommendations to the Board regarding the compensation of our independent directors; (iii) evaluating and
making recommendations to the Board regarding equity-based and incentive compensation plans, policies and programs; and (iv) the fulfillment
of the other responsibilities set out in its charter.

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The Compensation Committee
has the authority to evaluate the performance of the Chief Executive Officer, or person performing an equivalent function, and, either
as a committee or together with the other independent directors (as directed by the Board), determine and approve the compensation of
the Chief Executive Officer, or person performing an equivalent function, based on this evaluation. The Chief Executive Officer, or person
performing an equivalent function, may not be present during voting or deliberations on his or her compensation. In addition, upon the
engagement of and annually thereafter, the Compensation Committee has the authority to determine and approve the compensation paid to
the Company’s Chief Financial Officer, or person performing an equivalent function, and any other executive officers that serve
in executive officer capacities for the Company. The Compensation Committee must approve all long-term incentive awards for the executive
officers of the Company. The Compensation Committee may make factual determinations concerning any equity incentive plan.

The Compensation Committee
may retain a compensation consultant, independent legal counsel or other adviser. During the fiscal year ended December 31, 2024, the
Compensation Committee did not retain any compensation consultant, independent legal counsel or other adviser.

The Compensation Committee
may grant the right to receive