Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2400

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 4
Chunk 2400
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 term on a straight-line basis over the remaining term of the awards, assuming the recipient is continuing in service to the Company at such date, and, in the case of performance-based equity awards, the performance thresholds have been attained. In the case of director grants, the equity awards have no performance or service conditions.  In the cases of graded vesting, the Company typically expenses the grant on a straight-line basis if only service conditions are present but expenses on a graded basis if performance-based conditions are present.
   ﻿﻿ 

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   SPONSOR ENTITY MEMBERSHIP UNITS - PERFORMANCE BASED VESTING

       Membership Units    Weighted Average Grant Date Fair Value  
 Unvested at January 1, 2022   1,732,500  $9.97 
 Granted   -   - 
 Vested   -   - 
 Forfeited   (1,732,500)  9.97 
 December 31, 2022   -   - 
 Granted   -   - 
 Vested   -   - 
 Forfeited   -   - 
 Unvested at December 31, 2023   -   - 
 Granted   -   - 
 Vested   -   - 
 Forfeited   -   - 
 Unvested at December 31, 2024   -  $- 

   ﻿   
   During the years ended  December 31, 2024, 2023, and 2022, the total fair value of all equity awards vested in each year based on the fair market value of the membership units on the vesting date was $0, $0, and $0, respectively.

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   23. INCOME TAXES 
   ﻿ 
   Cohen & Company Inc. is treated as a C corporation for United States federal income tax purposes. The components of income tax expense (benefit) included in the consolidated statements of operations for each year presented herein are shown in the table below.
    
    INCOME TAX EXPENSE 
 (Dollars in Thousands) 

       For the Year Ended December 31,  
   2024    2023    2022  
 Current income tax expense (benefit)             
 Federal income tax expense