Company: NEWTP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001587987-25-000073
Chunk: 25

Company: NewtekOne, Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 25
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 approval and monitoring of transactions involving the Company and certain persons related to the Company. The Board of Directors, in consultation with the Nominating Committee, reviews all potential related party transactions on an ongoing basis, and all such transactions must be approved by the Board of Directors. The Board of Directors reviews such transactions on a case-by-case basis. In addition, the Nominating Committee or the Board of Directors reviews and approves all compensation-related policies involving our directors and executive officers. The Board of Directors may approve or ratify a related party transaction only if it determines that, under all of the circumstances, the transaction is in, or is not inconsistent with, our best interests. The Board of Directors may impose any conditions on the related person transaction that it deems appropriate.

Mr. Sloane’s nephew, Kyle Sloane, is employed by one of the Company’s subsidiaries, and earned in excess of $125,000 for the year ended December 31, 2024. Mrs. Razon-Feingold’s sister, Samantha Razon, is employed by one of the Company’s subsidiaries, and earned in excess of $125,000 for the year ended December 31, 2024. The foregoing compensation was reviewed by our Nominating Committee.

#### Director Compensation
The Board of Directors has adopted a plan for compensation of non-employee directors which gives effect to the time and effort required of each of them in the performance of their duties. As of July 1, 2024, the Board of Directors annual cash compensation was increased from $125,000 to $140,000 for each non-employee director, with no additional fees for committee membership or chairmanship. In addition, pursuant to the terms of the Company’s 2023 Stock Incentive Plan (the “2023 Stock Plan”), which was approved by the Board of Directors in April 2023 and the Company’s shareholders on June 14, 2023, the maximum dollar value of shares of Common Stock for which a non-employee director may be awarded in any calendar year is fifty thousand dollars ($50,000). In June 2024, non-employee directors Messrs. Salute, Mulia, Zink and Perez-Hickman were awarded $25,000 of shares of Restricted Stock at the beginning of their 2024 terms of service, which forfeiture restrictions will lapse on June 15, 2025.

Directors do not receive any perquisites or other personal benefits from the Company.

#### 2024 Director Summary Compensation