Company: FOACW
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001193125-25-065614
Chunk: 27

Company: Finance of America Companies Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 27
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 from the Company and not by any other type of separation. None of our other named executive officers are party to any arrangement that provides for severance benefits. Annual Cash Incentive Compensation Our named executive officers were eligible to earn an annual cash incentive award targeted at an amount equal to a specified percentage of such named executive officer’s base salary. Awards to named executive officers were tied primarily to Company performance with some variability due to business unit performance. For 2024, target incentive payout amounts for each of the named executive officers were as follows:

| Named Executive Officer |     | 2024 Base Salary 
 ($)              |     |         |     | Annual Incentive 
 Target           
 % of Base Salary |     |     |   |     | Annual Incentive  
 Target Payout ($) |     |           |     | Annual Incentive 
 Awarded ($)      |     |         |
| Graham A. Fleming       |     |                  |     | 850,000 |     |                  |     | 147 | % |     |                   |     | 1,250,000 |     |                  |     | 687,500 |
| Kristen N. Sieffert     |     |                  |     | 650,000 |     |                  |     | 185 | % |     |                   |     | 1,200,000 |     |                  |     | 612,500 |
| Jeremy E. Prahm         |     |                  |     | 850,000 |     |                  |     | 147 | % |     |                   |     | 1,250,000 |     |                  |     | 687,500 |

The compensation committee, in its sole discretion, approves each named executive officer’s annual cash incentive award payout. For 2024, these decisions were based primarily on the compensation committee’s assessment of such named executive officer’s individual performance, operational performance of the business functions for which they have responsibility, and the officer’s potential to enhance and contribute to our equity owners’ long-term interests. In evaluating these factors, members of the compensation committee relied upon their judgment to determine the ultimate amount of a named executive officer’s annual cash incentive payment that the compensation committee believed was necessary to properly incentivize the named executive officer to seek to achieve our objectives and reward a named executive officer for achieving those objectives over the course of the year. Key factors the compensation committee considered in making such determination with respect to Mr. Fleming were his role in overseeing the operations of the Company