Company: LDWY
Filing Date: 2025-10-06
Form Type: DEF 14A
Source: 0001104659-25-097035
Chunk: 11

Company: LENDWAY, INC.
Filing Date: 2025-10-06
Form: DEF 14A
Chunk 11
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 | Fees Earned or Paid Cash (a) |   |              |
| Name                |   |               FYE 12/31/2024 |   | TP 6/30/2025 |
| Mary H. Herfurth    | ​ |                      $22,000 | ​ |      $11,000 |
| Chad B. Johnson     | ​ |                      $17,000 | ​ |       $8,500 |
| Mark R. Jundt       | ​ |                      $22,000 | ​ |      $11,000 |
| Matthew R. Kelly    | ​ |                      $17,000 | ​ |       $8,500 |
| Daniel C. Philp     | ​ |                      $17,000 | ​ |       $8,500 |
| Nicholas J. Swenson | ​ |                      $22,000 | ​ |      $11,000 |

| (a) | Reflects annual board retainer and fees for attending Board, committee and conference call meetings earned during the Transition Period Ended 2025 and the fiscal year ended 2024, inclusive of amounts related to the Director Deferred Compensation Plan. As of June 30, 2025, the following directors held shares under the plan: Ms. Herfurth held 9,193 shares, Mr. Johnson held 12,653 shares, Mr. Jundt held 4,756 shares, Mr. Kelly held 7,102 shares, Mr. Philp held 6,521 shares and Mr. Swenson held 10,589 shares. |

In the Transition Period Ended 2025, non-employee directors generally were eligible to receive an annual cash retainer of $17,000 per year of service and the Chairman of the Board and each Committee Chair were eligible to receive an additional annual cash retainer of $5,000.

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**Director Deferred Compensation

Effective January 1, 2025, Mary Herfurth, Chad Johnson, Matthew Kelly and Nicholas Swenson, each being a non-employee director, are eligible to participate in our director deferred compensation plan (the “Director Deferred Compensation Plan”), which allows a director to make voluntary deferrals of up to 100% of their annual cash retainer and any additional committee chair cash retainer. The Company does not match any contributions to the Director Deferred Compensation Plan. Deferred cash retainer amounts, if any, are deemed to be invested in common stock equivalents having a value equal to the deferred cash retainer amounts based