Company: DGLY
Filing Date: 2025-11-24
Form Type: DEF 14A
Source: 0001493152-25-024819
Chunk: 28

Company: DIGITAL ALLY, INC.
Filing Date: 2025-11-24
Form: DEF 14A
Chunk 28
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 awarded 150 shares of restricted common stock, of which 30 shares vested immediately on January 31, 2024 at $213.00 per share and
the remaining to vest 30 shares annually beginning on January 31, 2025 through January 31, 2028, provided that he remains an officer
on such dates.

Bonuses.The Compensation Committee determined to award no bonuses to each of the executive officers in 2023 and 2024, as set forth in the foregoing table. Refer to the “Summary Compensation Table” above.

Other.In July 2008, we amended and restated our 401(k) Plan. The amended 401(k) Plan requires us to provide a 100% matching contribution for employees who elect to contribute up to 3% of their compensation to the plan and a 50% matching contribution for employees’ elective deferrals between 4% and 5%. We have made matching contributions for executives who elected to contribute to the 401(k) Plan during 2024. Each participant is 100% vested at all times in employee and employer matching contributions. Mr. Heckman, as trustee of the 401(k) Plan, holds the voting power as to the shares of our Common Stock held in the 401(k) Plan. We have no profit-sharing plan in place for our employees. However, we may consider adding such a plan to provide yet another level of compensation to our compensation plan.

| 17 |

The following table presents information concerning the grants of plan-based awards to the Named Executive Officers during the year ended December 31, 2024:

<div align='center'>Grants of Plan-Based Awards</div>

| Name                         
 Stanton E. Ross              |     | Grant date |          |     | Date approved             
 by Compensation Committee |          |     | All                                                     
 other stock awards: Number of shares of stock or units: 
 (#) (1) (2)                                             |    |    |     | Exercise or base price of option 
 awards                           
 ($/Share)                        |          |     | Grant date fair value of stock awards 
 ($) (2)                               |        |
|:-----------------------------|:----|:-----------|:---------|:----|:--------------------------|:---------|:----|:--------------------------------------------------------|---:|---:|:----|:---------------------------------|---------:|:----|:--------------------------------------|-------:|
| Chairman and CEO             |     |            | January  
 31,