Company: FGI
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001628280-25-020349
Chunk: 32

Company: FGI Industries Ltd.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 32
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8,571 |     |       |     | 339,164 |

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(1) The value of restricted share units in this table represents the fair value of such awards granted during the fiscal year, as computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 (“Topic 718”). The assumptions used to determine the valuation of the awards are discussed in Note 10 to our audited financial statements, included in our Annual Report on Form 10-K for the year ended December 31, 2024. Assuming maximum payout on the achievement of the highest level of performance for the 2024 share awards, the value of the award at the grant date was $195,000 for Mr. Bruce, $180,000 for Mr. Chen, and $54,284 for Mr. Kermelewicz.

(2) The value of option awards in this table represents the fair value of such awards granted during the fiscal year, as computed in accordance with Topic 718. The assumptions used to determine the valuation of the awards are discussed in Note 10 to our audited financial statements, included in our Annual Report on Form 10-K for the year ended December 31, 2024. Assuming maximum payout on the achievement of the highest level of performance for the 2024 option awards, the value of the award at the grant date was $195,000 for Mr. Bruce, $180,000 for Mr. Chen, and $7,828 for Mr. Kermelewicz.

(3) For Mr. Bruce, amounts included in “All Other Compensation” include a car allowance totaling $14,400, $14,000 and $20,033 in 2024, 2023 and 2022, respectively (including a down payment).

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#### Outstanding Equity Awards at December 31, 2024
The following table sets forth certain information regarding equity awards granted to our Named Executive Officers and outstanding as of December 31, 2024:

|                    |     |              |     | Option Awards |     |        |     |               |     |        |     |                        |     |         |     |                |     |            |     | Share Awards |     |        |     |               |     |       |     |                                         |     |         |     |                                            |     |         |
| Name               |     | Grant Date   |     | Number of     
 Securities    
 Underlying    
 Unexercised   
 Options