Company: GIPRW
Filing Date: 2025-11-13
Form Type: DEFR14A
Source: 0001193125-25-280443
Chunk: 32

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-11-13
Form: DEFR14A
Chunk 32
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employee contract will continue through December 31, 2025 at the rate of $20,000 per month with an option for renewal.

Outstanding Equity Awards at Fiscal Year-End

As of December 31, 2024, there were 90,617 unvested stock awards held by the named executive officers. None of our executive officers own vested or unvested stock options.

Equity-Based Incentive Compensation

An important element of our total executive compensation is our equity award program. We believe that our equity award program serves a number of important corporate objectives, most importantly the alignment of our executives’ interests with our stockholders’ interests. Our equity award program helps to ensure that each of our executives and directors have a significant portion of their net worth tied to the performance of our stock. We plan to grant additional restricted stock with time-based vesting under our long-term equity incentive program. The Generation Income Properties, Inc. 2020 Omnibus Incentive Plan (the “Omnibus Incentive Plan”) permits our Compensation Committee to grant stock options, stock appreciation rights, performance shares, performance units, shares of common stock, restricted stock, restricted stock units, cash incentive awards, dividend equivalent units, or any other type of award permitted under the Omnibus Incentive Plan. The Omnibus Incentive Plan provides that 2,000,000 shares of our common stock are reserved for issuance under the plan.

<div align='center'>Summary Compensation Table</div>

The table below summarizes all compensation awarded to, earned by, or paid to our named executive officers for all services rendered in all capacities to us for each of the years ended December 31, 2024 and 2023.

<div align='center'>22</div>

| Name and Principal Position            | Year |               Salary |                Bonus |       Stock Awards | All Other Compensation |               Total |
| David Sobelman, President and CEO      | 2024 |   $          200,000 | $             70,000 | $           35,800 | $        412,056(1)    |   $         717,856 |
|                                        | 2023 |   $          200,000 | $             96,250 | $          110,000 | $       313,909 (2)    |   $         720,159 |
| Ron Cook, Vice President of Accounting | 2024 | $            240,000 |        $           -