Company: SQFTP
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001641172-25-005264
Chunk: 48

Company: Presidio Property Trust, Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 48
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 reimburse in connection with in person attendance at Board of Directors meetings, committee meetings and the annual holiday party.

(5) On April 10, 2025, Mr. Bruen resigned from the Board of Directors.

As of December 31, 2024, our current non-employee directors held the following shares of unvested restricted stock:

| Name               |     | Shares |        |
| Jennifer A. Barnes |     |        | 22,616 |
| David T. Bruen     |     |        | 25,753 |
| James R. Durfey    |     |        | 22,616 |
| Tracie Hager       |     |        | 21,414 |
| Elena Piliptchak   |     |        |      - |

As of December 31, 2024, our current non-employee directors held the following Series A Warrants they received on unvested restricted stock in January 2022:

| Name               |     | Shares |        |
| Jennifer A. Barnes |     |        | 22,541 |
| David T. Bruen     |     |        | 21,881 |
| James R. Durfey    |     |        | 30,481 |
| Tracie Hager       |     |        |      - |
| Elena Piliptchak   |     |        |      - |

| 34 |

Equity Plans

2017 Incentive Award Plan

Effective as of October 18, 2017, we adopted the 2017 Incentive Award Plan, or the Plan, most recently amended and restated on June 1, 2023, under which we may grant cash and equity incentive awards to eligible service providers in order to motivate, attract and retain the talent for which we compete.

Eligibility and Administration. Our employees, consultants and directors (including employees, consultants and directors of our subsidiaries) are eligible to receive awards under the Plan. Approximately 22 employees, two consultants and five non-employee directors are eligible to participate in the Plan. The Plan will be administered by the Board with respect to awards to non-employee directors and by the Compensation Committee with respect to other participants, each of which may delegate its duties and responsibilities to committees of our directors and/or officers (referred to collectively as the “plan administrator”), subject to certain limitations that may be imposed under the Code, Section 16 of the Exchange Act, and/or stock exchange rules,