MANHATTAN BRIDGE CAPITAL INC
For the period ended May 9, 2024. Filed May 9, 2024.
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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.
May 9, 2024 · Filed May 9, 2024
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 Chief Executive Officer and our other Named Executive Officer and certain financial performance of the Company for each of the fiscal years ended December 31, 2023,2022, and 2021.
| Fiscal Year | Summary Compensation Table Total for CEO | Compensation Actually Paid to CEO (1) | Summary Compensation Table Total for Other NEOs | Compensation Actually Paid to Other NEOs (1) | Value of Initial Fixed $100 Investment Based on Total Shareholder Return | Net Income |
|---|---|---|---|---|---|---|
| 2023 | $528,751 | $528,751 | $247,090 | $247,090 | $102 | $5,476,171 |
| 2022 | $375,421 | $375,421 | $172,959 | $172,959 | $106 | $5,211,738 |
| 2021 | $280,973 | $280,973 | $191,968 | $191,968 | $115 | $4,423,325 |
| (1) | Amounts represent compensation actually paid to Mr. Assaf Ran, our Chief Executive Officer, and to Ms. Vanessa Kao, our Chief Financial Officer. No awards were granted to our Chief Executive Officers and our Chief Financial Officer during each of the fiscal years ended December 31, 2023, 2022 and 2021. See “Executive Compensation – Summary Compensation Table” for certain other compensation of our Chief Executive Officer and our Chief Financial Officer for each applicable fiscal year. |
Compensation actually paid to our Chief Executive Officer represents the total compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:
| Adjustments to Determine Compensation “Actually Paid” to our Chief Executive Officer | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Compensation in the Summary Compensation Table | $528,751 | $375,421 | $280,973 |
| Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table | 0 | 0 | 0 |
| Deduction for Amounts Reported under “Option Awards” Column in the Summary Compensation Table | 0 | 0 | 0 |
| Increase for Fair Value of Awards Granted During Fiscal Year that Remain Unvested as of Year End, Determined as of Applicable Fiscal Year End(1) | 0 | 0 | 0 |
| Increase for Fair Value of Awards Granted During Fiscal Year that Vested during Applicable Fiscal Year, Determined as of Vesting Date(1) | 0 | 0 | 0 |
| Increase/deduction for Awards Granted During Prior Fiscal Year that were Outstanding and Unvested as of Applicable Fiscal Year End | 0 | 0 | 0 |
| Increase/deduction for Awards Granted During Prior Fiscal Year that Vested During Applicable Fiscal Year | 0 | 0 | 0 |
| Total Adjustments | 0 | 0 | 0 |
| Compensation Actually Paid to the CEO | $528,751 | $375,421 | $280,973 |
| (1) | No awards were granted to our Chief Executive Officers during each of the fiscal years ended December 31, 2023, 2022 and 2021. |
| Adjustments to Determine Compensation “Actually Paid” to our Other Named Executive Officers | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Compensation in the Summary Compensation Table | $247,090 | $172,959 | $191,968 |
| Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table | 0 | 0 | 0 |
| Deduction for Amounts Reported under “Option Awards” Column in the Summary Compensation Table | 0 | 0 | 0 |
| Increase for Fair Value of Awards Granted During Fiscal Year that Remain Unvested as of Year End, Determined as of Applicable Fiscal Year End(2) | 0 | 0 | 0 |
| Increase for Fair Value of Awards Granted During Fiscal Year that Vested during Applicable Fiscal Year, Determined as of Vesting Date(2) | 0 | 0 | 0 |
| Increase/deduction for Awards Granted During Prior Fiscal Year that were Outstanding and Unvested as of Applicable Fiscal Year End | 0 | 0 | 0 |
| Increase/deduction for Awards Granted During Prior Fiscal Year that Vested During Applicable Fiscal Year | 0 | 0 | 0 |
| Total Adjustments | 0 | 0 | 0 |
| Compensation Actually Paid to our other Named Executive Officers | $247,090 | $172,959 | $191,968 |
| (2) | No awards were granted to our other Named Executive Officers during each of the fiscal years ended December 31, 2023, 2022 and 2021. |
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