Company: COHN
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-035625
Chunk: 54

Company: Cohen & Co Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 54
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 that awards of restricted shares, typically vesting over multi-year periods, are the most effective of the equity-based incentives available under the 2020 Long-Term Incentive Plan in accomplishing its compensation goals. Equity-based awards to key personnel under the 2020 Long-Term Incentive Plan are generally subject to vesting periods in order to support the achievement of the Company’s performance goals over the long-term and to help retain key personnel. The Compensation Committee determines the number and type of equity-based incentives that should be awarded from time to time to key personnel under the 2020 Long-Term Incentive Plan in light of the Company’s compensation goals and objectives. Effective December 21, 2023, 211,000 restricted LLC Units were awarded to Mr. Brafman for his performance in 2023. The grant date fair value per LLC Unit was $0.677. These LLC Units were awarded under the 2020 Long-Term Incentive Plan. Of these LLC Units, 70,333 LLC Units vested and were delivered to Mr. Brafman on January 31, 2025, and 70,333 restricted LLC Units and 70,334 restricted LLC Units will vest and be delivered to Mr. Brafman on January 31, 2026 and January 31, 2027, respectively, in each case, so long as Mr. Brafman is then employed by the Company or any of its subsidiaries. Following the vesting and delivery of the applicable LLC Units, Mr. Brafman will be able to cause Cohen & Company, LLC to redeem such LLC Units at any time for, at the Company’s option, cash or one share of common stock for every ten such LLC Units. Effective December 21, 2023, 211,000 restricted LLC Units were awarded to Mr. Cohen for his performance in 2023. The grant date fair value per LLC Unit was $0.677. These LLC Units were awarded under the 2020 Long-Term Incentive Plan. Of these LLC Units, 70,333 LLC Units were vested and delivered to Mr. Cohen on January 31, 2025, and 70,333 restricted LLC Units and 70,334 restricted LLC Units will vest and be delivered to Mr. Cohen on January 31, 2026 and January 31, 2027, respectively, in each case, so long as Mr. Cohen is then employed by the Company or any of its