Company: HFFG
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001680873-25-000022
Chunk: 46

Company: HF Foods Group Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 46
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 fair value of restricted stock units (“RSUs”) and performance restricted stock units (“PSUs”) granted during the years ended December 31, 2024, 2023 and 2022 computed in accordance with ASC Topic 718, rather than the amounts paid to or realized by the named executive officer. The value of the PSUs set forth above is based on the probable outcome of the performance conditions on the grant date. We provide information regarding the assumptions used to calculate the value of all PSUs and RSUs granted to our executive officers in Note 14 to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2024.

(7) Consists of the amounts accrued under the Severance Plan in relation to Mr. Zhang’s departure from his role as Chief Executive Officer including COBRA premiums totaling $29,528.

(8) Consists of payment under a modified bonus arrangement for 2021 which deferred payment of 20%, or $170,000, of the 2021 total bonus of $850,000 contingent upon the filing of the 2021 Annual Report on Form 10-K, which occurred on January 31, 2023.

(9) Consists of the amounts accrued under the Severance Plan in relation to Mr. Rodriguez’s departure from his role as Chief Financial Officer and employer matching contributions under the Company’s defined contribution plan of $4,369.

(10) Consists of Interim CFO compensation of $55,385, Interim CEO compensation of $33,923 and employer matching contributions under the Company’s defined contribution plan of $14,785.

(11) Consists of amounts paid to reimburse relocation expenses of $92,504 for 2022 and $68,165 for 2023 and payments for 2023 of employer matching contributions under the Company’s defined contribution plan of $6,923.

(12) Consists of amounts paid to reimburse relocation expenses grossed up for taxes of $205,172, housing allowance reimbursements of $22,742, cell phone allowance disbursements of $450 and employer matching contributions under the Company’s defined contribution plan of $5,192.

(13) Consists of employer matching contributions under the Company’s defined contribution plan of $9,808.

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Policies and Practices Related to the Grant of Certain Equity Awards.

We do not grantequity awards in anticipation of the release of material nonpublic information,