Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 41

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 41
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 Plan is attached to the proxy statement as Appendix A to this proxy statement. Summary of the Amended 2024 Plan Below is a summary of the principal provisions of the Amended 2024 Plan, which is qualified by reference to the text of the Amended 2024 Plan, set forth in Appendix A to this proxy statement. Eligibility to be Granted Awards Individuals eligible to receive awards and grants under the Amended 2024 Plan include our directors, officers, employees and consultants or the directors, officers, employees and consultants of any of our subsidiaries or affiliates as well as prospective employees and consultants who have agreed to serve us. Persons receiving awards (“Participants”) will enter into individual award agreements with us that contain the terms and conditions of the particular awards granted to them. The following table sets forth, as of March 31, 2025, the approximate number of each class of Participants eligible to participate in the Amended 2024 Plan and the basis of such participation.

| Class and Basis of Participation | ​ | ​ | Approximate Numberof Class |   |     |   | ​ |
| Employees                        | ​ | ​ | ​                          | ​ | 575 | ​ | ​ |
| Directors                        | ​ | ​ | ​                          | ​ |  10 | ​ | ​ |
| Independent Contractors          | ​ | ​ | ​                          | ​ |   0 | ​ | ​ |

Administration The Amended 2024 Plan provides that it will be administered by our Board or, if our Board does not administer the Amended 2024 Plan, a committee or subcommittee of the Board designated by it that complies with the applicable requirements of Section 16 of the Exchange Act and any other applicable legal or stock exchange listing requirements (each of the Board or such committee or subcommittee, the “plan administrator”). Subject to the terms of the Amended 2024 Plan, the plan administrator is authorized to select persons eligible to receive awards and to determine the form, amount, timing and other terms of the awards to be granted, including but not limited to the exercise price or other purchase price of an award, the number of shares of common stock or cash or other property subject to an award, the term of an award and the vesting schedule applicable to an award (provided, however, that at least ninety-five percent (95%) of the awards under the Amended 2024 Plan shall not vest, in whole or in part, earlier than one (1) year from the date of grant (provided