Company: GIPRW
Filing Date: 2025-11-13
Form Type: DEFR14A
Source: 0001193125-25-280443
Chunk: 15

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-11-13
Form: DEFR14A
Chunk 15
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 subject to continued service pursuant to restricted stock award agreements.

On June 15, 2024, the Company granted 12,255 restricted stock units to each independent director, vesting on the first anniversary of the grant date subject to continued service pursuant to restricted stock unit agreements.

On March 31, 2025, the Company granted 31,250 restricted stock units to each independent director, vesting on the first anniversary of the grant date subject to continued service pursuant to restricted stock unit agreements.

We do not have any other agreements for compensating our directors for their services in their capacity as directors, although such current and future directors are expected in the future to receive restricted shares, restricted stock units, or stock options to purchase shares of our common stock as awarded by our Board with the exception of Mr. Sobelman, who receives no additional compensation for his service as a director. None of our directors has ever been paid any cash compensation. The following table summarizes all of the compensation earned by our directors for service as a director of the Company during the year ended December 31, 2024:

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| Name             |     | FiscalYear |     | FeesEarnedor Paidin Cash |   |     | StockAwards (1) |         |     | Total |         |
| Benjamin Adams   |     |       2024 |     |                          | - |     |                 | $50,000 |     |       | $50,000 |
| Gena Cheng       |     |       2024 |     |                          | - |     |                 | $50,000 |     |       | $50,000 |
| Stuart Eisenberg |     |       2024 |     |                          | - |     |                 | $50,000 |     |       | $50,000 |
| Betsy Peck       |     |       2024 |     |                          | - |     |                 | $50,000 |     |       | $50,000 |
| Patrick Quilty   |     |       2024 |     |                          | - |     |                 | $50,000 |     |       | $50,000 |

(1) The amounts reported in this column represent the aggregate fair value of the stock awards, calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, Stock Compensation. Relevant assumptions used to determine these amounts include a $4.08 per share valuation with a 0% forfeiture