Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 81

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 81
---
 the grant date, subject to continued employment. (4) This column reflects the dollar amount of the grant date fair value of an RSU award, computed in accordance with FASB Accounting Standards Codification (“ASC”) Topic 718, Stock Compensation. Generally, the grant date fair value is the amount that we would expense in our financial statements over the award’s vesting schedule. Please see note 15 to our Financial Statements on our Form 10-K for the applicable year for further information. (5) Mr. Shafer received an award of 500,000 RSUs in connection with his appointment as the Chief Executive Officer of FFI and FFB in November 2024. One half of these awards of RSUs will vest on the second anniversary of the grant with the remaining portion vesting on the third anniversary, subject to his continued employment. (6) The amounts in this column include Company 401(k) contributions and life insurance premiums of $56,000; $14,000 for Mr. Kavanaugh, $1,000 for Mr. Britton, $4,000 for Ms. Lagomarsino, $9,000 for Mr. Keller, $14,000 for Mr. Hakopian, and $14,000 for Mr. Naghibi in 2024; $14,000 for Mr. Kavanaugh, $1,000 for Mr. Britton, $9,000 for Mr. Keller, $14,000 for Mr. Hakopian, and $13,000 for Mr. Naghibi in 2023. (7) The amounts in this column include an automobile allowance for Mr. Kavanaugh in 2024, 2023 and 2022, in the amount of $6,000. (8) Mr. Shafer was designated an NEO when he was appointed as Chief Executive Officer of FFI and FFB in November 2024 and therefore only 2024 information is included above. His salary was pro-rated for the period of his service to the Company from November 21, 2024 through December 31, 2024. (9) Ms. Lagomarsino was designated an NEO when she was appointed as President of FFB in July 2024. She was later appointed as President of FFI in September 2024. Therefore, only 2024 information is included above. Her salary was pro-rated for the period of her service to the Company from July 8, 2024 to December 31, 2024