Company: FTCI
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-061051
Chunk: 37

Company: FTC Solar, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 37
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U grants generally vest at a rate of 25% on the first anniversary of the date of grant and 1/48th for each month thereafter until the fourth anniversary of the date of grant. RSUs with market conditions will be earned and vested in specified percentages upon the achievement of 3 different price targets of our common stock over a period of 4 years from the date of grant. No amounts have been earned as of the date of this proxy statement with respect to the RSUs granted with market conditions. See the section entitled “ Employment Agreements with Named Executive Officers ” below for additional details. Mr. Brandt and Ms. Behnen first became Named Executive Officers in 2024. Mr. Brandt's employment with the Company began in August 2024 and Ms. Behnen was appointed Chief Financial Officer on a permanent basis, effective February 12, 2024.

Amounts in this column reflect (i) in the case of Mr. Sadasivam, (a) for 2024, $95,000 for his annual cash retainer and (b) for 2023, director compensation comprised of the value of an RSU grant in lieu of his annual cash retainer with a grant date fair value of $75,403 and $20,096 in health insurance benefits as a director, (ii) in the case of Mr. Brandt for 2024, company-paid life insurance premiums of $42 and $7,750 in 401(k) matching contributions, (iii) in the case of Mr. Aminpour, (a) for 2024, company-paid life insurance premiums of $640 and $14,560 in 401(k) matching contributions, and (b) for 2023, $13,200 in 401(k) matching contributions, (iv) in the case of Ms. Behnen for 2024, $640 for company-paid life insurance premiums and $9,850 in 401(k) matching contributions, and (v) in the case of Mr. Cook, (a) for 2024, sales commission payments of $53,569, company-paid life insurance premiums of $97 and $13,320 in 401(k) matching contributions, and (b) for 2023, $13,005 in 401(k) matching contributions and $100 for a technology allowance.

Following Mr. Hunkler's departure from his position as President and Chief Executive Officer of the Company, effective November 2, 202