Company: SGA
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001104659-25-033247
Chunk: 21

Company: SAGA COMMUNICATIONS INC
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 21
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 Report on Form 10-K for the year ended December 31, 2024 for filing with the SEC. Finance and Audit Committee Timothy J. Clarke (Chair), Clarke R. Brown Jr., and Michael W. Schechter. COMPENSATION OF DIRECTORS Historically, each director besides the CEO received an annual cash retainer of $34,000 and chairpersons of each committee who were not employees received an additional annual cash retainer of $9,500. Directors were also eligible to receive stock awards of up to 75% of their annual cash retainer. Beginning on October 1, 2022, the annual cash retainer was increased to $72,000 per year, the committee chairperson additional annual retainer was increased to $10,000 per year and the Chairman of the Board receives an additional annual retainer of $10,000. Beginning in 2023, each director other than the CEO receives stock grants of $53,000 annually. The retainers are paid quarterly. All directors who are not employees are required to hold and maintain 1,250 shares of the Company’s Class A Common Stock. Such directors are required to achieve this guideline within five years of joining the Board, or in the case of such directors serving at the time the guidelines were adopted, within five years of the date of the adoption of the guideline. Directors may elect to pay out-of-pocket for health insurance benefits currently offered by the Company to its employees under its self-insured program. In the alternative, directors may elect to have part of their annual retainer used to pay for such benefits. Directors are also permitted to take into income the value of the health insurance benefit. 2024 Director Compensation Table

| Name(1)                 | ​ | ​ | Fees Earned or Paid in Cash($) |   |        |   | ​ | ​ | Stock Awards($)(2) |   |        |   | ​ | ​ | All Other Compensation($)(3) |   |        |   | ​ | ​ | Total($) |   |         |   | ​ |
|:------------------------|:--|:--|:-------------------------------|:--|-------:|:--|:--|:--|:-------------------|:--|-------:|:--|:--|:--|:-----------------------------|:--|-------:|:--|:--|:--|:---------|:--|--------:|:--|:--|
| Clarke R. Brown