Company: CLPR
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001437749-25-013840
Chunk: 59

Company: Clipper Realty Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 59
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1, to $6.40 per share on December 31, 2022, adjusted for dividends paid in 2022 of $0.38 per share.                                                                                                                                                                                                                                                                                                                                                                                            |
| (g) | Net (loss) is as reported in the Company’s Annual Reports on Form 10-K.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

45

Relationship Between Compensation Actually Paid and Net (Loss) and TSR

Our net loss for the years ended December 31, 2024, 2023 and 2022 was $(6,582,000), $(15,565,000), $(12,571,000), respectively, and TSR for the years ended December 31, 2024, 2023 and 2022 was 57.55, 92.77 and 101.56, respectively. The increase in compensation actually paid to our PEO from 2022 to 2024 is not consistent with the decrease in our TSR from 2022 to 2024, not consistent with the increase in net loss from 2022 to 2023 and consistent with the decrease in the net loss from 2023 to 2024. The decrease in compensation actually paid to our Non-PEO NEOs from 2022 to 2023 is consistent with the decrease in our TSR from 2022 to 2023 and the increase in net loss from 2022 to 2023. The increase in compensation actually paid to our Non-PEO NEOs from 2023 to 2024 is not consistent with the decrease in our TSR from 2023 to 2024 and consistent with the decrease in net loss from 2023 to 2024.

Retirement Benefits

We do not currently offer plans that provide for retirement benefits, including, but not limited to, tax-qualified defined benefit plans, supplemental executive retirement plans, tax-qualified defined contribution plans, or nonqualified defined contribution plans.

Director Compensation

The following table provides information on the compensation of each non-employee director in connection with service on our Board in 2024. Directors who are also employees of the Company or any of its subsidiaries did not receive, and will not receive, any additional compensation for their service as directors.

| Name               |     | Fees    
 Earned  
 or      
 Paid in 
 Cash    |        |     | Stock      
 Awards (1) |           |     | All Other       
 Compensation(2) |         |     | Total |           |
|: