Company: CFBK
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000950170-25-060182
Chunk: 23

Company: CF BANKSHARES INC.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 23
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 in Finance from The Wharton School at the University of Pennsylvania, where he was a Joseph Wharton Scholar and graduated summa cum laude. Age 43. Term expires in 2026. Director since July 28, 2021.

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2024 COMPENSATION OF DIRECTORS Members of the Board of Directors who are not also officers or employees of the Company or CFBank (“non-employee directors”) receive certain fees for their service on the boards of directors of the Company and CFBank and committees thereof. For 2024, each non-employee director received an annual base retainer in the amount of $34,650, payable in quarterly installments. In addition, certain non-employee directors received additional retainer amounts for their service on committees and/or as Chair of certain committees of the Board of Directors, and Mr. Hoeweler received an additional retainer amount for his service as the nonexecutive Chairman of the Board of Directors. Members of the Board of Directors are also eligible to receive restricted stock, stock options and other equity awards under the Company’s equity compensation plans, which equity awards are intended to provide incentives and rewards to the directors who, along with the Company’s management and employees, are largely responsible for the success and growth of the Company and its affiliates. In April 2024, the Compensation Committee of the Board of Directors approved grants of shares of restricted stock to the non-employee directors of the Company as set forth in the table below. The following table summarizes the compensation paid to each non-employee director during the year ended December 31, 2024.

| Name                |     | Fees Earned or Paid 
 in Cash ($)         | Director Compensation for 2024 |        |     | Stock Awards ($) 
 (1)              |     |        |     | All Other        
 Compensation ($) |     |       |     |    | Total ($) |     |         |
|:--------------------|:----|:--------------------|:-------------------------------|-------:|:----|:-----------------|:----|-------:|:----|:-----------------|:----|------:|:----|---:|:----------|:----|--------:|
| Thomas P. Ash       |     | $                   |                                | 39,375 |     | $                |     | 58,674 |     | $                |     | 3,305 |     | -2 | $         |     | 101,