Company: CLPR
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001437749-25-013840
Chunk: 48

Company: Clipper Realty Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 48
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EXECUTIVE COMPENSATION</div>

This section discusses the material components of the executive compensation program for our executive officers who are named in the “Summary Compensation Table” below. Our “named executive officers” during 2024 were:

| ● | David Bistricer, Chief Executive Officer |

| ● | J.J. Bistricer, Chief Operating Officer |

| ● | Jacob Schwimmer, Chief Property Management Officer |

We are a “smaller reporting company” as defined by Item 10(f)(1) of Regulation S-K and, as such, we are permitted to comply with the reduced disclosure requirements of Item 402 of Regulation S-K.

Summary Compensation Table

The following table sets forth information concerning the compensation of our named executive officers for the fiscal years ended December 31, 2024 and 2023.

| Name &                            
 Principal                         
 Position                          | Year |     | Salary |         |     | Stock     
 Awards(1) |           |     | Non-Equity      
 Incentive Plan  
 Compensation(2) |           |     | All Other       
 Compensation(3) |         |     | Total |           |
|:----------------------------------|-----:|:----|:-------|--------:|:----|:----------|----------:|:----|:----------------|----------:|:----|:----------------|--------:|:----|:------|----------:|
| David Bistricer                   | 2024 |     | $      | 630,000 |     | $         | 2,445,000 |     | $               |         - |     | $               | 375,307 |     | $     | 3,450,307 |
| Chief Executive Officer           | 2023 |     | $      | 630,000 |     | $         |   835,000 |     | $               |   250,000 |     | $               | 310,552 |     | $     | 2,025,552 |
| J.J. Bistricer                    | 2024 |     | $      | 425,000 |     | $         | 3,067,500 |     | $               |   307,000 |     | $               | 326,476 |     | $     | 4,125,976 |
| Chief Operating Officer           | 2023 |     | $      | 390,500 |     | $         |         -