Company: SDSYA
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001163609-25-000013
Chunk: 24

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 24
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2021, calculated through the end of 2022, 2023 or 2024, as the case may be, based on the Company’s unit matching price as close as possible to the last day of each fiscal year.

#### Financial Performance Measures
As described in greater detail in the “Compensation Discussion and Analysis” above, the Company’s executive compensation program reflects a pay-for-performance philosophy. The metrics that the Company uses for both

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long-term and short-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our members. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to the Company’s performance is net income at the end of each fiscal year.

Analysis of the Information Presented in the Pay versus Performance Table

Compensation actually paid was lower to compensation reported in the Summary Compensation Table as our named executive officers earn cash over the course of the year as part of the Company’s deferred compensation plan. Our TSR for the year increased over this period, which reflects compensation actually paid and total reported compensation. Our net income decreased by $50.1 million from 2023 to 2024 and by $47.1 million from 2022 to 2024.

#### Board of Managers' Compensation
Our board of managers' compensation policy for fiscal year 2024 was approved by our board in February 2022. For each board or committee meeting or function, the president receives a fee of $1,000, the secretary receives a fee of $800, and all other managers receive a $600 fee. All managers receive $100 for each board or committee meeting held via conference call. In addition, each manager receives a monthly stipend of $300. Managers are also reimbursed at current IRS rates for travel expenses relating to each board and committee meeting or function and when attending other events on behalf of the Company.

We do not provide our board of managers with any equity or equity option awards, nor any non-equity incentive payments or deferred compensation. Similarly, we do not provide them with any other perquisites, defined contribution plans, consulting fees, life insurance premium payments or otherwise. No employees served on the board. The Company paid to the board the following fees as compensation in 2024:

| Name               |     | Fees Earned or 
 Paid in Cash   |        |     | Total ($) |