Company: GIPRW
Filing Date: 2025-04-30
Form Type: 10-K/A
Source: 0000950170-25-061249
Chunk: 12

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-04-30
Form: 10-K/A
Chunk 12
---
-------:|:----|:-------------|--------:|:----|:-----------------------|:------|--------:|
| David Sobelman, President and CEO      | 2024 | $      | 200,000 |     | $     | 70,000 |     | $            |  20,000 |     | $410,072 (1)           | $     | 700,072 |
|                                        | 2023 | $      | 200,000 |     | $     | 96,250 |     | $            | 110,000 |     | $ 313,909 (2)          | $     | 720,159 |
| Ron Cook, Vice President of Accounting | 2024 | $      | 229,200 |     | $ -   |        |     | $ -          |         |     | $ -                    | $     | 229,200 |
|                                        | 2023 | $      |  26,000 |     | $ -   |        |     | $ -          |         |     | $ -                    | $     |  26,000 |

| (1) | Consists of health insurance premiums of $23,016 and guarantee fees payable to Mr. Sobelman of $387,056. |

| (2) | Consists of health insurance premiums of $23,593 and guarantee fees payable to Mr. Sobelman of $290,316. |

<div align='center'>7</div>

Outstanding Equity Awards at Fiscal Year-End As of December 31, 2024, there were 19,366 unvested stock awards held by the named executive officers. None of our executive officers own vested or unvested stock options. Equity-Based Incentive Compensation An important element of our total executive compensation is our equity award program. We believe that our equity award program serves a number of important corporate objectives, most importantly the alignment of our executives’ interests with our stockholders’ interests. Our equity award program helps to ensure that each of our executives and directors have a significant portion of their net worth tied to the performance of our stock. We plan to grant additional restricted stock or restricted stock units with time-based vesting under our long-term equity incentive program. The Generation Income Properties, Inc. 2020 Omnibus Incentive Plan (the “Omnibus Incentive Plan”) permits our Compensation Committee to grant stock options, stock appreciation rights, performance shares,