Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 43

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 43
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 shares reserved for issuance under the Amended 2024 Plan may be authorized but unissued shares of our common stock or shares of our common stock or shares of our common stock that will have been or may be reacquired by us in the open market, in private transactions or otherwise. The shares underlying forfeited, cancelled, exchanged, surrendered, expired or terminated awards will be available again for issuance under the Amended 2024 Plan except that (i) any shares of common stock reacquired by us on the open market or otherwise using cash proceeds from the exercise of options, and (ii) any shares of our common stock surrendered or withheld as payment of either the exercise price of an award and/or withholding taxes in respect of an award will not again be available for awards under the Amended 2024 Plan. If an award is denominated in shares of our common stock, but settled in cash, the number of shares of common stock previously subject to the award will again be available for grants under the Amended 2024 Plan. If an award can only be settled in cash, it will not be counted against the total number of shares of common stock available for grant under the Amended 2024 Plan. However, upon the exercise of any award granted in tandem with any other awards, such related awards will be cancelled as to the number of shares as to which the award is exercised and such number of shares of our common stock will no longer be available for grant under the Amended 2024 Plan. But in all other cases, regardless of the actual number of shares issued to the award holder, the gross number of shares for which compensation is being provided (including any shares used to pay an award’s exercise price or tax withholding obligations) count against the Amended 2024 Plan’s share limit. Further, any dividend equivalents distributed that are paid in shares of common stock under the Amended 2024 Plan will count against the maximum share limit. No fractional shares may be issued under the Amended 2024 Plan. Types of Awards Several types of equity compensation awards can be made under the Amended 2024 Plan. A summary of these types of awards is set forth below. Awards issued under the Amended 2024 Plan are evidenced by a written agreement which recites the specific terms and conditions of the award. Stock Options The plan administrator is authorized to grant stock options, including both incentive stock options (“ISOs”) under Section 422 of the Internal Revenue Code (the “Code”), which can result in