Company: CLPR
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001437749-25-013840
Chunk: 57

Company: Clipper Realty Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 57
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----------:|:----|:---------|----------:|:----|:---------|----------:|:----|:---------|----------:|:----|:-------------|-------:|:----|:-----------|:------------|:--|
| 2024 |     | $       | 3,450,307 |     | $        | 3,279,034 |     | $        | 3,618,838 |     | $        | 3,322,746 |     | $            |  57.55 |     | $          | (6,582,000  | ) |
| 2023 |     | $       | 2,025,552 |     | $        | 1,895,189 |     | $        | 1,414,701 |     | $        | 1,034,469 |     | $            |  92.77 |     | $          | (15,564,000 | ) |
| 2022 |     | $       | 2,104,117 |     | $        |   951,469 |     | $        | 4,385,261 |     | $        | 2,690,655 |     | $            | 101.56 |     | $          | (12,571,000 | ) |

| (c) | Compensation Actually Paid to the PEO is the Summary Compensation Table Total adjusted for the change in fair value of LTIP Awards of $(171,273), $(130,361) and $(1,152,648) in 2024, 2023 and 2022, respectively. The Company’s stock price declined from $9.94 per share on December 31, 2021 to $6.40 per share on December 30, 2022, to $5.40 per share on December 29, 2023 to $4.58 on December 31, 2024. The decrease in fair value of awards in 2024, 2023 and 2022 result primarily from the changes in the fair value of:  (i) unvested awards, which were granted during the covered year, as of the end of the covered year, compared to the fair value on the date of grant, (ii) unvested awards, which were granted during the prior year, as of the end of the covered year, compared to the fair value at the