Company: SFBC
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0001541119-25-000013
Chunk: 37

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 37
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 -213 |     |   |  -3,083 |
| Increase for the change in fair value from the prior year-end to the vesting date of awards granted prior to the covered year that vested during the covered year                                                         |                                                                                                   |                   |   |     619 |     |   |   1,118 |     |   |     673 |
|                                                                                                                                                                                                                           |                                                                                                   | Total Adjustments | $ |  27,252 |     | $ |     169 |     | $ |  -3,085 |

(5) Represents the cumulative TSR of the Company over the three-year period ended December 31, 2024, based on a theoretical $100 investment on the last day of fiscal year 2021 and valued as of the last trading day of fiscal years 2022, 2023 and 2024. with dividends reinvested. The stock price performance included in this column is not necessarily indicative of future stock price performance.

(6) Represents our reported net income for each year indicated.

The following graphs show the relationship between the compensation actually paid to our PEO and the average of the compensation actually paid to our other named executive officers to our total shareholder return and net income over the three most recently completed fiscal years.

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PROPOSAL 2 – ADVISORY (NON-BINDING) VOTE ON EXECUTIVE COMPENSATION</div>

Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd-Frank Act”) and the SEC's implementing rules, we are including in this proxy statement and will present at the annual meeting an advisory (non-binding) vote on executive compensation, commonly known as a “say-on-pay” proposal. This proposal gives shareholders the opportunity to endorse or not endorse the compensation of the Company's named executive officers, as disclosed in this proxy statement. This proposal will be presented at the annual meeting as a resolution in substantially the following form:

RESOLVED, that the compensation paid to the Company’s named executive officers, as disclosed in the Company’s proxy statement for the annual meeting pursuant to Item 402 of Regulation S-K, including the compensation tables and narrative discussion, is hereby APPROVED.

This vote will not be binding on the Company’s Board of Directors and may not be construed as overruling a decision by the Board or creating or implying any additional fiduciary duty to the Board. Nor will it affect any compensation