Company: COHN
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-035625
Chunk: 56

Company: Cohen & Co Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 56
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, in each case, so long as Mr. Cohen is then employed by the Company or any of its subsidiaries. Following the vesting and delivery 29 TABLE OF CONTENTS of the applicable LLC Units, Mr. Cohen will be able to cause Cohen & Company, LLC to redeem such LLC Units at any time for, at the Company’s option, cash or one share of common stock for every ten such LLC Units. Effective December 20, 2024, 15,500 restricted shares of our common stock were awarded to Mr. Pooler for his performance in 2024. These shares were awarded under the 2020 Long-Term Incentive Plan. The grant date fair value per share of these shares was $10.21. The restrictions will expire with respect to one-third of these shares on each of January 31, 2026, January 31, 2027 and January 31, 2028, in each case, so long as Mr. Pooler is then employed by the Company or any of its subsidiaries. Non-Qualified Deferred Compensation Plan In February 2020, the Board adopted the Cohen & Company Inc. Non-Qualified Deferred Compensation Plan (the “Deferred Compensation Plan”). The Deferred Compensation Plan is a non-qualified deferred compensation plan for a select group of management and other highly compensated employees (within the meaning of ERISA) of the Company and its subsidiaries. The Deferred Compensation Plan is designed to comply with Section 409A of the Code. The Deferred Compensation Plan allows the Company to make discretionary “Company Allocations” to eligible participant accounts, which may be a percentage of the eligible participant’s base cash salary or a fixed dollar amount, as approved by the Compensation Committee. A Rabbi trust may (but need not) be established by the Company in connection with the Deferred Compensation Plan for purposes of holding assets necessary to fund payment of the Company Allocations. With respect to any benefits payable under the Deferred Compensation Plan, the participants (and their beneficiaries) will have the same status as general unsecured creditors of the Company. Pursuant to the Deferred Compensation Plan, no participant is permitted to make elective deferral contributions to their plan accounts without the approval of the Compensation Committee. Messrs. Brafman and Cohen were each awarded $1,053,696 under the Deferred Compensation Plan on December 20, 2024 for their performance in 2024. Clawback Policy The Board adopted a clawback policy (the “Clawback Policy”) effective as of October 1,