Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 272

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 272
---
 UnitTotal Fair Value (in thousands)Outstanding, December 31, 2023146,160 — 146,160 $89.05 $13,016 Forfeited(360)— (360)89.05 (32)Outstanding, December 31, 2024145,800 — 145,800 $89.05 $12,984 Equity-based compensation expense for the Earnout Right RSUs was $0.1 million and $0.8 million for the years ended December 31, 2024 and 2023, respectively. As of April 1, 2024, there is no further compensation expense associated with the Earnout Right RSUs.Grant Date Fair ValueNon-LTIP RSUsNumber of Units UnvestedNumber of Units VestedTotal Number of UnitsWeighted Average Price Per UnitTotal Fair Value (in thousands)Outstanding, December 31, 2023818,378 13,185 831,563 $14.89 $12,381 Granted929,946 — 929,946 7.39 6,869 Vested(317,129)317,129 — — — Forfeited(132,318)— (132,318)11.43 (1,512)Settled— (330,314)(330,314)11.55 (3,816)Outstanding, December 31, 20241,298,877 — 1,298,877 $10.72 $13,922 Equity-based compensation expense for the Non-LTIP RSUs was $5.7 million and $5.0 million for the years ended December 31, 2024 and 2023, respectively. Unrecognized equity-based compensation expense for the Non-LTIP RSUs totaled $8.0 million as of December 31, 2024 and is expected to be recognized over 1.8 years.OptionsOn November 7, 2024, pursuant to the terms of the 2021 Omnibus Incentive Plan, the Company granted options to certain officers of the Company. The options vest on the second anniversary from the date of grant, subject to the officer’s continued employment on the vesting date. The options are exercisable for a period of five years from the date of grant on a one-for-one basis for Class A LLC Units