Company: FTCI
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-061051
Chunk: 39

Company: FTC Solar, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 39
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 Aminpour's earned salary was paid in cash. For 2023, Mr. Aminpour's earned salary was paid in cash and he received RSU awards in lieu of bonus earned in 2023 with a grant date fair value of $54,148. In addition, Mr. Aminpour received an annual 2023 RSU award with a grant date fair value of $1,041,200 and an RSU grant with a fair value of $76,352 that will be earned and vested in specified percentages upon the achievement of 3 different price targets of our common stock over a period of 4 years from the date of grant.

Ms. Behnen was named Chief Financial Officer on a permanent basis on February 12, 2024, after serving as Chief Financial Officer on an interim basis since November 2, 2023. She was not a Named Executive Officer in 2023. For 2024, Ms. Behnen's earned salary was paid in cash, and she received an initial RSU award upon being named Chief Financial Officer with a grant date fair value of $141,120.

For 2024, Mr. Cook's earned salary was paid in cash. For 2023, Mr. Cook's earned salary was paid in cash, and he received RSU awards in lieu of bonus earned in 2023 with a grant date fair value of $76,510. In addition, Mr. Cook received an annual 2023 RSU award with a grant date fair value of $602,800 and an RSU grant with a fair value of $57,264 that will be earned and vested in specified percentages upon the achievement of 3 different price targets of our common stock over a period of 4 years from the date of grant.

Employment Agreements with Named Executive Officers

Each of our Named Executive Officers (excluding Mr. Sadasivam, our non-employee Chair of the Board) was a party to an employment agreement with us either during the 2024 or 2023 Fiscal Years, or both, as described in greater detail below.

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Yann Brandt Employment Agreement

On July 23, 2024, the Company announced that its Board of Directors had appointed Yann Brandt as the Company's President, Chief Executive Officer and a member of the Board, all effective as of August 19, 2024 (the "Effective Date").

In connection with Mr. Brandt's appointment to the