Company: FOACW
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001193125-25-065614
Chunk: 29

Company: Finance of America Companies Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 29
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 grant option awards from time to time in its discretion on an ad hoc basis in connection with significant projects, initiatives and/or goals. The Board and the compensation committee take into account all available information, which may include material nonpublic information, when determining the timing and terms of such an award.The timing of an option award depends upon the timing of the related significant project, initiative and/or goal, which significant project, initiative and/or goal may itself be material nonpublic information. The number of options granted, the exercise price, the vesting date and the expiration date of the option awards are determined with the goals of awarding executives for their achievements and incentivizing future performance. The Board and the compensation committee take into account all available information, including material nonpublic information, to align the terms of the option awards with those goals. To date, the only option awards that have been granted by the Board are the Options and similar option awards granted to certain other officers of the Company on November 7, 2024. These option awards were granted to certain executives in recognition of their leadership and service to the Company in connection with the Company’s return to profitability. The Company’s return to profitability was determined upon the finalization of the unaudited financial statements disclosed in the Company’s earnings release published on November 6, 2024 and included in the Company’s Quarterly Report on Form 10-Qfor the quarter ending September 30, 2024 filed on November 8, 2024 (the “Q3 2024 Quarterly Report”). We did not timethe grant of such option awards or the filing of the Q3 2024 Quarterly Report for the purpose of affecting the value of executive compensation. The Company made its financial results for the quarter ended September 30, 2024 publicly available via a press release and earnings call on November 6, 2024, prior to the date the option awards were granted. The option awards were granted promptly following the finalization of the unaudited financial statements that demonstrated the Company’s return to profitability. The timing of the Q3 2024 Quarterly Report was determined as part of the Company’s annual planning processes, was in line with the Company’s typical timing for filing Quarterly Reports on Form 10-Qand was determined in advance of the Board’s decision to grant option awards. Furthermore, the $25.00 exercise price of the Options exceeded the closing price of our Class A Common Stock on the date of grant by $11.00 per share, which differential further incentivize recipients to