Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-K/A
Source: 0001828937-25-000032
Chunk: 231

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-K/A
Chunk 231
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 818,378 |     |                        |   13,185 |     |                       |   831,563 |     | $                               | 14.89 |     | $                               | 12,381 |
| Granted                        |     |                          |   929,946 |     |                        |        — |     |                       |   929,946 |     |                                 |  7.39 |     |                                 |  6,869 |
| Vested                         |     |                          |  -317,129 |     |                        |  317,129 |     |                       |         — |     |                                 |     — |     |                                 |      — |
| Forfeited                      |     |                          |  -132,318 |     |                        |        — |     |                       |  -132,318 |     |                                 | 11.43 |     |                                 | -1,512 |
| Settled                        |     |                          |         — |     |                        | -330,314 |     |                       |  -330,314 |     |                                 | 11.55 |     |                                 | -3,816 |
| Outstanding, December 31, 2024 |     |                          | 1,298,877 |     |                        |        — |     |                       | 1,298,877 |     | $                               | 10.72 |     | $                               | 13,922 |

Equity-based compensation expense for the Non-LTIP RSUs was $ 5.7million and $ 5.0million for the years ended December 31, 2024 and 2023, respectively. Unrecognized equity-based compensation expense for the Non-LTIP RSUs totaled $ 8.0million as of December 31, 2024 and is expected to be recognized over 1.8years.

Options

On November 7, 2024, pursuant to the terms of the 2021 Omnibus Incentive Plan, the Company granted options to certain officers of the Company. The options vest on the second anniversary from the date of grant, subject to the officer’s continued employment on the vesting date. The options are exercisable for a period of five years from the date of grant on a one-for-one basis for Class A LLC Units of FOA Equity, which are exchangeable for shares of Class A Common Stock of the Company on a one-for-one basis.

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