Company: CLPR
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001437749-25-013840
Chunk: 56

Company: Clipper Realty Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 56
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 2024, we granted a special long-term equity incentive award related to execution of an Article 11 agreement for the Flatbush Gardens property, in the form of LTIP units, to our named executive officers as follows: Mr. David Bistricer – 360,987 LTIP units with a grant date fair value equal to $1,610,000; and Mr. J.J. Bistricer – 631,727 LTIP units with a grant date fair value equal to $2,817,500.and Mr. Schwimmer – 451,239 LTIP units with a grant date fair value equal to $2,012,500. The awards are scheduled to vest ratably on December, 12, 2025 through December 12, 2033. All these awards are reflected in the “Stock Awards” column of the “Summary Compensation Table” as 2024 compensation.

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Pay vs Performance

As required by Item 402(v) of Regulation S-K, the information below reflects the relationship between executive compensation actually paid by us to David Bistricer, as principal executive officer (“PEO”), and Mr. J.J. Bistricer and Mr. Jacob Schwimmer, our other named executive officers (“NEOs”) against various measures for the years ended December 31, 2024, 2023 and 2022. The disclosure included in this section is required by SEC rules and does not necessarily align with how the Company or the Compensation Committee views the link between the Company’s performance and the compensation of its PEO and NEOs.

| Year 
 (a)  |     | Summary 
 Compen- 
 sation  
 Table   
 Total   
 for PEO 
 (b)     |           |     | Compen-  
 sation   
 Actually 
 Paid to  
 PEO      
 (c)      |           |     | Average  
 Summary  
 Compen-  
 sation   
 Table    
 Total    
 For Non- 
 PEO      
 NEO’s    
 (d)      |           |     | Average  
 Compen-  
 sation   
 Actually 
 Paid to  
 Non-     
 PEO      
 NEO’s    
 (e)      |           |     | Value of     
 Initial $100 
 Investment   
 Based On     
 Total        
 Stockholder  
 Return       
 (f)          |        |     | Net (Loss) 
 (g)        |             |   |
|:-----|:----|:--------|