Company: BKTI
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001437749-25-012867
Chunk: 37

Company: BK Technologies Corp
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 37
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with each RSU representing a contingent right to receive one share of the Company’s common stock) for the 12-month period beginning on September 1, 2023 and ending on August 31, 2024. Under the program, each $10.00 of cash salary forfeited was exchanged for one RSU, at a price of $10.00 per share, rounded down to the nearest whole RSU. Mr. Suzuki and Mr. Malmanger received a total of 18,304 and 2,415 RSUs, respectively, pursuant to the program. Mr. Avanic did not participate in the program. On June 23, 2023, Mr. Avanic received a grant of 15,000 RSUs, which will vest subject to the achievement of certain performance-based conditions. |

| (3) | On February 6, 2024, the Compensation Committee granted non-qualified stock options to Mr. Suzuki, Mr. Malmanger and Dr. Avanic to purchase 50,000, 30,000, and 10,000 shares, respectively, of the Company’s common stock, at an exercise price of $12.27 per share. On July 11, 2023, the Compensation Committee granted non-qualified stock options to Messrs. Suzuki and Malmanger to purchase 10,000 and 5,000 shares, respectively, of the Company’s common stock, at an exercise price of $15.53 per share. Additional information about the stock option awards can be found below under “Stock Option Awards.” |

| (4) | The amounts in this column for Mr. Suzuki represent the Company’s matching contributions for fiscal 2024 and fiscal 2023 of $11,036 and $10,815, respectively, to Mr. Suzuki’s account under the Company’s 401(k) plan and the Company’s payments for fiscal 2024 and fiscal 2023 of $10,083 and $8,733, respectively, for long-term disability, life and health insurance premiums for the benefit of Mr. Suzuki. |

The amounts in this column for Mr. Malmanger represent the Company’s payments for fiscal 2024 and fiscal 2023 of $6,710 and $5,473, respectively, for long-term disability, life and health insurance premiums for the benefit of Mr. Malmanger.

The amounts in this column for Dr. Avanic represents the Company’s matching contributions for fiscal 2024 and fiscal