Company: GIPRW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000950170-25-046959
Chunk: 120

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1B
Chunk 120
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 1,102,900

          $
          11.25

          3.7

          Exercised
           
          (204,700
          )

          10.00

          As of December 31, 2023
           
          898,200

          $
          11.53

          2.7

          Warrants exercisable
           
          898,200

          $
          11.53

          2.7

         The intrinsic value of the warrants as of both December 31, 2024 and 2023 was $0 and $0, respectively. Stock Compensation Generation Income Properties, Inc. 2020 Omnibus Incentive PlanIn connection with the Public Offering, the Company board has adopted, and stockholders have approved, the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan (the “Omnibus Incentive Plan”), which became effective upon the completion of the Public Offering.  The Omnibus Incentive Plan reserves 2.0 million shares of Common Stock upon the award of 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. As of December 31, 2024 and 2023, 220,162 and 158,840 shares, respectively, had been granted under the Omnibus Incentive Plan.  Restricted Common Shares issued to the Board and EmployeesOn January 6, 2022, the board granted 47,142 restricted shares to directors, officers and employees effective March 1, 2022 valued at $7.00 per share that vest annually over 1 year. The vested share restrictions will be removed upon the first annual anniversary of the award. The 47,142 restricted shares were issued to the directors, officers and employees in March 2022.On April 12, 2022, the board granted 357 restricted shares to a non-employee for chaplain services rendered effective April 16, 2022 valued at $7.06 per share that vest over 1 year. The vested share restrictions will be removed upon the first annual anniversary of the award. The 357 restricted shares were issued in April 2022.

 71

On December 8, 2022, the board approved grants of 98