Company: CLPR
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001437749-25-013840
Chunk: 51

Company: Clipper Realty Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 51
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,327,787 |     |             | - |     |              | - |
| J.J. Bistricer  |     |               | 1,182,747 | -3 |     | $             | 5,416,981 |     |             | - |     |              | - |
| Jacob Schwimmer |     |               |   843,089 | -4 |     | $             | 3,861,348 |     |             | - |     |              | - |

| (1) | The market value of the unvested equity awards held by our named executive officers is based on the closing price of our stock on December 31, 2024, of $4.58 per share. |

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| (2) | Represents the following awards which are generally subject to continued employment through the vesting date: (ii) 70,000 and 30,000 LTIP units granted on April 27, 2022 and June 15, 2022 as long-term equity incentive awards, which is scheduled to vest on January 1, 2033, (iv) 95,196 LTIP units granted on March 24, 2023 as a long-term equity incentive award, which is scheduled to vest on January 1, 2026; 61,224 LTIP units granted on March 12, 2024 as an annual incentive award, which is scheduled to vest on January 1, 2025, (iv) 109,184 LTIP units granted on March 12, 2024 as a long-term equity incentive award, which is scheduled to vest on January 1, 2027 and (v) 360,990 LTIP units granted on December 12, 2024 as a special long-term equity incentive award, which is scheduled to vest ratably from December 12, 2025 through December 12, 3033. |

| (3) | Represents the following awards which are generally subject to continued employment through the vesting date: (i) 350,000 and 150,000 LTIP units granted on April 27, 2022 and June 15, 2022 as long-term equity incentive award which is scheduled to vest on January 1, 2033; (ii) 51,020 LTIP units granted on March 12, 2024 as a long-term equity incentive award,