Company: SQFTP
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001641172-25-005264
Chunk: 46

Company: Presidio Property Trust, Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 46
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10th of the stock award will vest on December 31 of the year in which the award is granted and an additional 1/10th of the stock award will vest on each anniversary of such date thereafter, subject to the named executive officer’s continued employment.

(2) Represents an award of shares of stock, of which 1/3rd of the stock award will vest on December 31 of the year in which the award is granted and an additional 1/3rd of the stock award will vest on each anniversary of such date thereafter, subject to the named executive officer’s continued employment.

(3) Represents the number of unvested shares of stock as of December 31, 2024. This does not include shares granted on January 1, 2022 that became fully vested on December 31, 2024.

(4) Market value has been calculated by multiplying the closing market price of our common stock at December 31, 2024 of $0.80 per share by the outstanding share of stock awards for each Named Executive Officer.

Director Compensation

We compensate the directors with cash compensation and awards of stock. We do not have a written policy regarding director compensation. Our Compensation Committee meets at least annually to review, and determine and approve, as appropriate, director compensation for the next fiscal year, including cash and equity compensation, reimbursement for travel and related expenses, and similar matters. The Compensation Committee may also meet during the year, as appropriate, to discuss compensation matters such as grants of stock to our directors in connection with their services as chairs of Board of Directors committees, and related matters. If a director is also an employee of our Company, such director is not paid separate compensation for services rendered as a director.

| 33 |

| Name (1)           |     | Fees earned or Paid in Cash 
 (2)                         |        |     | Fees    
 earned  
 or      
 Paid in 
 Stock   
 (2)     |   |     | Annual Stock Awards 
 (3)                 |        |     | All Other Compensation 
 (4)                    |   |     | Total |        |
|:-------------------|:----|:----------------------------|-------:|:----|:--------|:--|:----|:--------------------|-------:|:----|:-----------------------|:--|:----|:------|-------:|
| Jennifer A. Barnes |     | $                           | 40,000 |     | $       | - |     | $                   |