Company: CFBK
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000950170-25-060182
Chunk: 46

Company: CF BANKSHARES INC.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 46
---
ulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.

6The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.

Analysis of the Information Presented in the Pay Versus Performance Table As described in more detail in the section titled “ Compensation OF EXECUTIVE OFFICERS ” beginning on page 15 of this Proxy Statement, the Company’s executive compensation program incorporates compensation components in the form of restricted stock and cash incentive awards that are variable in nature. While the Company utilizes several performance measures to align executive compensation with Company performance, all of those Company measures are not presented in the “Pay Versus Performance Table for 2024.” Additionally, the Company generally seeks to incentivize long-term performance, and therefore does not specifically align the Company’s performance measures with compensation that is actually paid (as computed in accordance with Item 402(v) of Regulation S-K) for a particular year. In addition, the amounts of compensation actually paid to the NEOs for 2024 (and in particular the amount of compensation actually paid to Mr. O’Dell for 2024) were significantly impacted by the increase in the market price of the Company’s common stock during 2024, which resulted in a significant increase in the fair values of outstanding equity awards as of December 31, 2024, which were used in the “Equity Award Adjustments” set forth in the “Pay Versus Performance Table for 2024." In accordance with Item 402(v) of Regulation S-K, the Company is providing the following descriptions of the relationships between information presented in the “Pay Versus Performance Table for 2024.” Compensation Actually Paid and Cumulative TSR The following graph shows the relationship between (a) the amount of compensation actually paid to Mr. O’Dell and the average amount of compensation actually paid to the Company’s NEOs as a group (excluding Mr. O’Dell) and (b) the

<div align='center'>25</div>

Company’s cumulative TSR over the three years presented in the “Pay Versus Performance Table for 2024.” The Company’s executive compensation programs include components that are designed to directly align compensation actually paid with the Company’s stock performance. In particular, a material portion of the compensation actually