Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 13

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 13
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 purchase, sale, or other dispositions of Company securities and is applicable to all directors, officers and employees of the Company. We believe that the Insider Trading Policy and the Code of Conduct are reasonably designed to promote compliance with insider trading laws, rules and regulations and the listing standards of the NYSE. While the Insider Trading Policy does not address the Company’s transaction in our securities, our Code of Conduct provides that it is our policy to conduct our business in compliance with all applicable laws and regulations, which includes laws regarding insider trading. A copy of the Insider Trading Policy can be found as Exhibit 19.1 to our Annual Report on Form 10-K for the year ended December 31, 2024. Anti-Hedging Policy. Our Insider Trading Policy also prohibits our directors, named executive officers and other key executives from hedging the economic interest in the Company securities that they own and from engaging in short sales or speculative transactions with respect to our stock. This prohibition includes the direct or indirect purchase or use of financial instrument, such as prepaid variable forward contracts, equity swaps, collars, and exchange funds, designed to offset any decrease in the market value of the Company’s securities. Policies with Respect to Timing of Stock-Based Awards. We do not currently grant awards of stock options, stock appreciation rights or similar option-like instruments. Accordingly, we have no specific policy or practice on the timing of awards of options in relation to the disclosure of material nonpublic information by the Company.In the event we determineto grant new awards of stock options, stock appreciation rights or similar option-like instruments, our Board will evaluate the appropriate steps to take in relation to the foregoing. Stock Ownership Guidelines for Directors . To more directly align the interests of our non-employee directors and stockholders, our Board adopted stock ownership guidelines which require that each non- employee director own shares of the Company’s common stock having a value at least equal to five times the cash component of the director’s annual retainer for service on the Board. New directors have five years after joining the Board to meet the guidelines. Restricted stock and restricted stock units, and a portion of the shares that may be acquired by exercise of vested in-the-money stock options, are treated as stock ownership for this purpose. Until these ownership guidelines are met, a director will be expected to retain at least 50% of any applicable shares received (on a net after-tax basis) under our equity incentive program. As of the date of this Proxy Statement, all directors have met or are expected to meet these targets within