Company: SUNE
Filing Date: 2025-04-30
Form Type: 10-K/A
Source: 0001213900-25-037633
Chunk: 20

Company: SUNation Energy, Inc.
Filing Date: 2025-04-30
Form: 10-K/A
Chunk 20
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COVERY POLICY The Board has adopted a Compensation Recovery Policy (the “Clawback Policy”), effective October 2, 2023, in compliance with the listing standards of Nasdaq. The Clawback Policy provides that promptly following an accounting restatement due to the material noncompliance of the Company with any financial reporting requirement under the securities laws (including any required accounting restatement to correct an error in previously issued financial statements that is material to the previously issued financial statements, or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period), the Compensation Committee will determine the amount of the excess of the amount of incentive-based compensation received by Section 16 officers during the three completed fiscal years immediately preceding the required restatement date over the amount of incentive-based compensation that otherwise would have been received had it been determined based on the restated amounts. The Company will provide each such officer with a written notice of such amount and a demand for repayment or return. If such repayment or return is not made within a reasonable time, the Clawback Policy provides that the Company will recover the erroneously awarded compensation in a reasonable and prompt manner using any lawful method, subject to limited exceptions as permitted by Nasdaq listing standards. 13 PAY VERSUS PERFORMANCE The following table sets forth additional compensation information of our Chief Executive Officer (referred to as our “PEO” in this section) and of the average of our other NEOs (the “Non-PEO NEOs”) along with total shareholder return and net loss for 2024, 2023 and 2022:

| Year |     | Summary Compensation Table Total for 2024 PEO(1) ($) |         |     | Compensation Actually Paid to 2024 PEO(2) ($) |         |     | Summary Compensation Table Total for Former PEO(1) |         |     | Compensation Actually Paid to Former PEO(2) |         |     | Summary Compensation Table Total for Former PEO (1) |         |     | Compensation Actually Paid to Former PEO(2) |         |     | Average Summary Compensation Table Total for Non-PEO NEOs (1) ($) |         |     | Average Compensation Actually Paid to Non-PEO NEOs (2) ($) |         |     | Value of Initial Fixed $100 Investment Based on: Total Shareholder Return (3) ($) |      |     | Net Income (Loss) ($) |             |   |
| 202