Company: CFBK
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000950170-25-060182
Chunk: 30

Company: CF BANKSHARES INC.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 30
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) Reflects the aggregate grant date fair value (computed in accordance with FASB ASC Topic 718) of shares of restricted stock awarded to each named officer for the years ended December 31, 2024 and 2023. All restricted stock awards are subject to three-year vesting periods with one-third vesting on each annual anniversary of each respective grant date. With respect to Mr. O’Dell’s compensation, the Compensation Committee determined that restricted stock awards, which are subject to future vesting, were more aligned to performance than cash compensation. No named executive officer received any stock option awards during 2024 or 2023. (2) Reflects cash amounts earned by the named executive officer for the applicable year under the Incentive Compensation Plan. Amounts for 2024 for Messrs. O’Dell, Ringwald and Beerman also include $51,654, $33,575 and $22,211, respectively, of deferred incentive awards that were earned and credited to their respective deferral accounts under their Deferred Cash Incentive Agreements. Amounts for 2023 for Messrs. O'Dell, Ringwald and Beerman also include $42,867, $27,864 and $18,433, respectively, of deferred incentive awards that were earned and credited to their respective deferral accounts under their deferred cash incentive agreements. Mr. O’Dell voluntarily received $150,000 as his 2023 cash incentive, which reflected a reduction of $300,000 from the amount of the cash incentive he would have otherwise been entitled to receive under the Incentive Compensation Plan for 2023. (3) Reflects above market earnings on compensation deferred for Messrs. O'Dell, Ringwald and Beerman under their respective Deferred Cash Incentive Agreements. (4) The amounts shown in the “All Other Compensation” column represent employer matching contributions to the 401(k) plan, car and mobile phone allowances, employee referral incentives and premiums for group term life insurance paid with respect to each named executive officer. EQUITY COMPENSATION PLAN INFORMATION On May 29, 2019, the stockholders of the Company approved the CF Bankshares Inc. 2019 Equity Incentive Plan (the “2019 Plan”), which replaced the Company’s 2009 Equity Compensation Plan (the “2009 Plan”). The 2019 Plan authorized up to 300,000 shares of Common Stock (plus any shares that are subject to grants under the