Company: CFBK
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000950170-25-060182
Chunk: 41

Company: CF BANKSHARES INC.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 41
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 termination date. This change of control benefit will be subject to reduction if necessary to comply with regulatory limitations on golden parachute payments or to avoid excise taxes under Internal Revenue Code Section 4999. The employment agreements also require each of the executives to comply with a covenant prohibiting solicitation of customers and employees of the Company and CFBank during the term of the employment agreements and for a period of one year thereafter (or, if longer, the number of months of severance payments under the employment agreement). The employment agreements also contain confidentiality and non-disparagement covenants. The employment agreements also provide for a clawback of any incentive paid to, credited to an account on behalf or, or vested to the executive within the prior twenty-four (24) months if it is later determined that the incentive is directly attributable to materially misleading financial statements and any other clawback required by law or exchange listing regulation. PAY VERSUS PERFORMANCE

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of SEC Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of the Company. For further information concerning the Company’s compensation philosophy and objectives and how the Company aligns executive compensation with the Company’s performance, see the section titled “COMPENSATION OF EXECUTIVE OFFICERS” beginning onpage 15 of this Proxy Statement.

Pay Versus Performance Table for 2024

| Year 
 (a)  |     | Summary Compensation Table Total for PEO1 | (b) |           |     | Compensation Actually Paid to PEO2. | (c) |           |     | Average Summary Compensation Table Total for Non-PEO NEOs3 | (d) |         |     | Average Compensation Actually Paid to Non-PEO NEOs4 | (e) |         |     | Value of Initial Fixed $100 Investment Based On: 
 Total Shareholder Return5                        | (f) |     |     | Net Income (millions)6 |  (g) |
|:-----|:----|:------------------------------------------|:----|----------:|:----|:------------------------------------|:----|----------:|:----|:-----------------------------------------------------------|:----|--------:|:----|:----------------------------------------------------|:----|--------:|:----|:-------------------------------------------------|:----|----:|:----|:-----------------------|-----:|
| 202