Sachem Capital Corp.
For the period ended Jul 9, 2025. Filed Apr 30, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jul 9, 2025 · Filed Apr 30, 2025
Contents
Pay Versus Performance Table
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid to our principal executive officer (“PEO”) and our other Named Executive Officers (“Non-PEO Named Executives”) and certain financial performance of the Company for each of the fiscal years ended December 31, 2024, 2023, and 2022 as a smaller reporting company.
| Year (a) · · · Summary Compensation Table Total for PEO(1) (b) · · · Compensation Actually Paid to PEO(2) (c) · · · Average Summary Compensation Table Total for Non-PEO Named Executives(3) (d) · · · Average Compensation Actually Paid to Non-PEO Named Executives(2) (e) · · · Value of Initial Fixed $100 Investment Based on Total Shareholder Return(4) (f) · · · Net Income (g) · | |||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | | | | $1,983,044 | | | | | $1,189,510 | | | | | $286,119 | | | | | $271,373 | | | | | $44.35 | | | | | $(39,570,938) | | | ||
| 2023 | | | | $1,708,436 | | | | | $1,887,537 | | | | | | — | | | | | | — | | | | | $81.16 | | | | | $15,899,153 | | |
| 2022 | | | | $1,524,990 | | | | | $1,202,148 | | | | | $314,998 | | | | | $284,758 | | | | | $65.41 | | | | | $20,908,651 | | | ||
(1)
For each year shown, the PEO was John L. Villano. The values reflected in this column represent the “Total” compensation set forth in the Summary Compensation Table (“SCT”) on page 16 above.
(2)
Compensation actually paid (“CAP”) is defined by the SEC and is computed in accordance with Item 402(v) of Regulation S-K as follows:
| Adjustments to Determine CAP to the PEO · · · 2024 · · · 2023 · · · 2022 · | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Compensation in the Summary Compensation Table | | | | $1,983,044 | | | | | $1,708,436 | | | | | $1,524,990 | | | |||
| Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table | | | | $(506,712) | | | | | $(506,544) | | | | | $(500,000) | | | |||
| Deduction for Amounts Reported under “Option Awards” Column in the Summary Compensation Table | | | | | — | | | | | | — | | | | | | — | | |
| Add the fair value as of the end of the covered fiscal year of all awards granted during the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year | | | | $151,007 | | | | | $489,529 | | | | | $324,803 | | | |||
| Adjustments to Determine CAP to the PEO · · · 2024 · · · 2023 · · · 2022 · | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Add the amount equal to the change as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year | | | | $(286,963) | | | | | $42,061 | | | | | $(152,278) | | | |||
| Add for awards that are granted and vest in the same year, the fair value as of the vesting date | | | | | — | | | | | | — | | | | | | — | | |
| Add the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year | | | | $(254,330) | | | | | $40,814 | | | | | $(76,139) | | | |||
| Deduction for any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year | | | | | — | | | | | | — | | | | | | — | | |
| Add the dollar value of any dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year | | | | $103,464 | | | | | $113,242 | | | | | $80,772 | | | |||
| Total Adjustments | | | | $(793,534) | | | | | $179,101 | | | | | $(322,842) | | | |||
| CAP to the PEO | | | | $1,189,510 | | | | | $1,887,537 | | | | | $1,202,148 | | | |||
| | |||||||||||||||||||
| Adjustments to Determine CAP to the other Non-PEO Named Executives · · · 2024 · · · 2023 · · · 2022 · | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Average Compensation in the Summary Compensation Table | | | | $286,119 | | | | | | — | | | | | $314,998 | | | ||
| Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table | | | | | — | | | | | | — | | | | | $(30,240) | | | |
| Deduction for Amounts Reported under “Option Awards” Column in the Summary Compensation Table | | | | | — | | | | | | — | | | | | | — | | |
| Add the fair value as of the end of the covered fiscal year of all awards granted during the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year | | | | | — | | | | | | — | | | | | | — | | |
| Add the amount equal to the change as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year | | | | $(6,373) | | | | | | — | | | | | | — | | | |
| Add for awards that are granted and vest in the same year, the fair value as of the vesting date | | | | $(11,983) | | | | | | — | | | | | | — | | | |
| Add the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year | | | | | — | | | | | | — | | | | | | — | | |
| Deduction for any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year | | | | | — | | | | | | — | | | | | | — | | |
| Adjustments to Determine CAP to the other Non-PEO Named Executives · · · 2024 · · · 2023 · · · 2022 · | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Add the dollar value of any dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year | | | | $3,610 | | | | | | — | | | | | | — | | |
| Total Adjustments | | | | $(14,746) | | | | | $— | | | | | $(30,240) | | | ||
| CAP to the other Non-PEO Named Executives | | | | $271,373 | | | | | $— | | | | | $284,758 | | | ||
| | ||||||||||||||||||
(3)
The dollar amounts reported in column (d) represent the average of the amounts reported for the Non-PEO Named Executives as a group in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the Non-PEO Named Executives in each applicable year are as follows: (i) for 2024, Nicholas M. Marcello, our former Chief Financial Officer; (ii) for 2023, we did not have any Non-PEO Named Executives; and (iii) for 2022, John E. Warch and William C. Haydon, our former Chief Financial Officer and former Chief Investment Officer, respectively.
(4)
The amounts reported represent the measurement period value of an investment of $100 in our Common Shares on December 31, 2021, and then valued again on December 30, 2022 (the last trading day of the 2022 fiscal year); December 29, 2023 (the last trading day of the 2023 fiscal year); and December 31, 2024 (the last trading day of the 2024 fiscal year ) based on the closing price per share of our Common Shares as of such dates and assuming the reinvestment of dividends.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.