Company: NEWTP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001587987-25-000073
Chunk: 36

Company: NewtekOne, Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 36
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 Company and Mr. Sloane entered into an amendment to Mr. Sloane’s 2024 Employment Agreement (defined below), pursuant to which Mr. Sloane’s annual base compensation was increased to $1.0 million and the term of the Employment Agreement was extended through March 31, 2026. The other terms and conditions of the Employment Agreement remain unchanged.

The Nominating Committee has determined that this salary package is competitive with the labor market median for someone with Mr. Sloane’s skills and talents and is reflective of the Company’s current cash and financial position and the status of the Company’s Common Shares.

#### Compensation of the Other 2024 NEOs
The Nominating Committee approved the 2024 compensation for 2024 NEOs Peter Downs, Michael A. Schwartz, M. Scott Price, Frank DeMaria and Nicolas Young, as recommended to it by the Chief Executive Officer.

Mr. Downs’s annual base salary was $700,000 in 2024 and $625,000 in 2023. Mr. Downs did not receive a cash bonus in 2024 and received a cash bonus of $250,000 in 2023 and Mr. Downs received a Restricted Stock Award of 9,944 restricted Common Shares in July 2024, which will fully vest in July 2025, and a Restricted Stock Award of 10,297 restricted Common Shares in October 2024, which will fully vest in October 15, 2025. Mr. Downs did not receive a Restricted Stock Award in 2023.

Mr. Schwartz’s annual base salary was $500,000 in 2024 and $450,000 in 2023. Mr. Schwartz received a $150,000 cash bonus in 2024 and received a $250,000 cash bonus in 2023. Mr. Schwartz received a Restricted Stock Award of 9,944 restricted Common Shares in July 2024, which will fully vest in July 2025, and a Restricted Stock Award of 11,326 restricted Common Shares in October 2024, which will fully vest in October 2025. Mr. Schwartz did not receive a Restricted Stock Award in 2023.

Mr. Price’s annual base salary was $433,000 in 2024 and his 2023 annual base salary was $400,000 from May 15, 2023 through June 30, 2023, and $433,000 for the remainder of 2023 (resulting in compensation of $