Company: SUNE
Filing Date: 2025-04-30
Form Type: 10-K/A
Source: 0001213900-25-037633
Chunk: 21

Company: SUNation Energy, Inc.
Filing Date: 2025-04-30
Form: 10-K/A
Chunk 21
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| Addition: Dividends or other earnings paid on stock or option awards in the covered year prior to vesting if not otherwise included in the total compensation for the covered year                                         |     |                         |       — |     |                        |       — |     |                             |       — |
| Compensation Actually Paid for 2022 (as calculated)                                                                                                                                                                        |     |                         | 912,428 |     |                        | 194,131 |     |                             | 304,596 |

Relationship between Pay and Performance Our executive compensation program seeks to align executive officers’ long-term interests with those of our shareholders to incentivize a long-term increase in shareholder value, and therefore does not specifically align the Company’s performance measures with Compensation Actually Paid (“CAP”) (as defined by SEC rules) for a particular year. In accordance with Item 402(v) of Regulation S-K, we are providing the following graphic descriptions of the relationships between information presented in the Pay Versus Performance table above, for each the three years ended December 31, 2024. The following graphs address the relationship between compensation “actually paid” as disclosed in the Pay vs. Performance Table for our PEOs and the average amounts for the non-PEO NEOs and (1) the Company’s cumulative TSR and (2) the Company’s net income (loss). 16 Compensation Actually Paid vs TSR Compensation Actually Paid vs Net Income (Loss) DIRECTOR COMPENSATION In 2024, the annual compensation payable to non-employee directors of the Board, payable on a quarterly basis on the first day, or as soon as practicable after the first day, of each quarter:

| ● | $30,000 cash retainer for all non-employee directors; |

17

| ● | $7,500 additional cash retainer to each chair of a committee 
 of the Board;                                                |

| ● | $5,000 additional cash retainer for service on each committee 
 of the Board, excluding the chair of such committee; and      |

| ● | $15,000 additional cash retainer to the chair of the Board. |

While non-employee directors received an annual grant of RSUs in 2022, the RSU grant initially intended for 2023 was not made until early 2024. As a result, our non-employee directors did not receive any equity awards in 2023. During 2024, the Company effected two reverse stock splits and the shares available in the