Reliance Global Group Inc
For the period ended Dec 31, 2023. Filed Apr 4, 2024.
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FY2023 · Filed Apr 4, 2024
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Item 11. Executive Compensation
Pursuant to disclosure requirements in Item 402 of Regulation S-K and paragraphs (e)(4) and (e)(5) of Item 407, the following table summarizes executive compensation for the years ended December 31, 2023 and 2022.
Summary Compensation Table
| Name and principal position · Year · Salary ($) · Bonus (2) ($) · Stock awards ($) · Option awards (Unvested) ($) · Non-equity incentive plan compensation ($) · Change in pension value and nonqualified deferred compensation earnings · All other compensation ($) · Total ($) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ezra Beyman, | 2023 | 338,942 | - | 105,840 | - | - | - | - | 444,782 | |
| CEO | 2022 | 300,000 | 305,963 | - | - | - | - | - | 605,963 | |
| Joel Markovits, | 2023 | 286,019 | 34,581 | 88,031 | - | - | - | 2,034 | (1) | 410,665 |
| CFO | 2022 | 197,499 | - | 130,625 | - | - | - | - | 328,124 | |
| Yaakov Beyman, EVP | 2023 | 237,135 | 2,000 | 68,670 | - | - | - | 9,565 | (2) | 317,370 |
| Insurance | 2022 | 219,539 | 30,000 | - | - | - | - | - | 249,539 | |
| (1) | Represents other fringe benefits. |
| (2) | Represents employer 401(k) plan contributions. |
Director Compensation
The table below shows the compensation paid to our non-employee directors during 2023 and 2022.
| Name · Fees earned or paid in cash · Stock awards ($) · Un- exercisable Option awards (# of Shares) · Non-equity incentive plan compensation ($) · Nonqualified deferred compensation earnings ($) · All other compensation ($) · Total ($) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Ben Fruchtzweig | 2023 | $44,332 | 22,680 | - | - | - | - | 67,012 |
| Director | ||||||||
| Scott Korman | 2023 | $45,000 | 22,680 | - | - | - | - | 67,680 |
| Director | ||||||||
| Sheldon Brickman | 2023 | $43,668 | 22,680 | - | - | - | - | 66,348 |
| Director | ||||||||
| Alex Blumenfrucht | 2023 | $43,000 | 22,680 | 65,680 | ||||
| Director | ||||||||
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