Company: FVR
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0000950170-25-055535
Chunk: 30

Company: FrontView REIT, Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 30
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 is eligible to receive an annual bonus, based on the Board’s (or any authorized committee’s) determination, in its reasonable and good faith discretion, of the achievement of the performance criteria and targets established and administered by the Board (or a committee of directors to whom such responsibility has been delegated by the Board). Pursuant to the terms of their respective employment agreements, Messrs. Preston and Starr are eligible to receive a target annual bonus equal to 50% of the named executive officer’s base salary and Messrs. Dieffenbacher and Ireland are eligible to receive a target annual bonus equal to 25% of the named executive officer’s base salary. Each named executive officer’s employment agreement further provides that his 2024 annual bonus would not be less than a prorated portion of the named executive officer’s target annual bonus. Despite this, prior to the payment of their bonuses, Messrs. Preston and Starr agreed not to receive their annual bonuses for calendar year 2024. Stock Awards In connection with the consummation of our initial public offering, the Board adopted the 2024 Equity Incentive Plan to provide long-term equity-based incentives to our key employees, including our named executive officers, non-employee directors, and consultants, which we believe is a critical element in providing a balanced executive compensation program and aligning the interests of our named executive officers with those of our stockholders. Our employment agreements with Messrs. Preston, Starr, Dieffenbacher and Ireland provide for the following stock awards under the 2024 Equity Incentive Plan: (1) as soon as practicable following our initial public offering, a stock award with an aggregate value of $5 million, in the case of Mr. Preston, $3.25 million, in the case of Mr. Starr, and $1 million, in the case of Messrs. Dieffenbacher and Ireland, with such values based on the per-share price of our Common Stock upon closing of our initial public offering, and subject to time-based vesting in five substantially equal annual installments measured from the grant date (the “IPO Grants”); and (2) annual eligibility to receive one or more stock awards as determined by the Board, with the first such award to be granted in 2025, with a target grant date value of $2 million, in the case of Mr. Preston, $1.75 million, in the case of Mr. Starr, $500,000, in the case of Mr. Dieffenbacher