0001509470 2024-01-01 2024-12-31 0001509470 2023-01-01 2023-12-31 0001509470 2022-01-01 2022-12-31 0001509470 2021-01-01 2021-12-31 0001509470 2020-01-01 2020-12-31 0001509470 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001509470 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2024-01-01 2024-12-31 0001509470 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2024-01-01 2024-12-31 0001509470 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001509470 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001509470 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001509470 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001509470 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001509470 1 2024-01-01 2024-12-31 0001509470 2 2024-01-01 2024-12-31 0001509470 3 2024-01-01 2024-12-31 0001509470 4 2024-01-01 2024-12-31 0001509470 5 2024-01-01 2024-12-31 0001509470 6 2024-01-01 2024-12-31 iso4217:USD iso4217:USD shares SuRo Capital Corp. true Pay Versus Performance The following table shows the total compensation for our NEOs for the past five fiscal years as set forth in the Summary Compensation Table, the “compensation actually paid” to our principal executive officer (“PEO”) and non-PEO NEO (in each case, as determined under SEC rules), our total shareholder return (or “TSR”), the total shareholder return of the Nasdaq Stock Index over the same period, our Net Increase/(Decrease) in Net Assets Resulting from Operations, and our financial performance measure for compensatory purposes, net asset value (“NAV”) per share of our common stock (“Share”). <table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; border-spacing: 0px"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="padding-bottom: 1pt; text-align: center"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="padding-bottom: 1pt; text-align: center"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="padding-bottom: 1pt; text-align: center"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="padding-bottom: 1pt; text-align: center"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">Value of Initial Fixed $100 Investment Based On:</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="padding-bottom: 1pt; text-align: center"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="padding-bottom: 1pt; text-align: center"> </td> <td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center">Year</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Summary Compensation Table Total for PEO(1)</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Compensation Actually Paid to PEO(2)</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Average Summary Compensation Table Total for Non-PEO NEOs(3)</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Average Compensation Actually Paid to Non-PEO NEOs(2)(3)</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total Shareholder Return(4)</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Nasdaq Stock Index Total Shareholder Return</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Net Increase/ (Decrease) in Net Assets Resulting from Operations(5)</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">NAV per Share</td> <td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 4%; text-align: center">2024</td> <td style="width: 1%"> </td> <td style="width: 2%">$</td> <td style="width: 2%; text-align: right">3,164,407</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 2%">$</td> <td style="width: 11%; text-align: right">3,497,486</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 2%">$</td> <td style="width: 11%; text-align: right">1,287,098</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 2%">$</td> <td style="width: 11%; text-align: right">1,349,183</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 9%; text-align: right">171.82</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 9%; text-align: right">215.22</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 11%; text-align: right">(38,124,247)</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 4%; text-align: right">6.68</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: center">2023</td> <td> </td> <td>$</td> <td style="text-align: right">2,976,409</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">3,000,039</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">1,232,474</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">1,231,442</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">115.13</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">167.30</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">5,066,822</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">7.99</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">2022</td> <td> </td> <td>$</td> <td style="text-align: right">4,353,439</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">643,964</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">1,518,079</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">935,248</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">111.04</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">116.65</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">(132,177,053</td> <td>)</td> <td> </td> <td>$</td> <td style="text-align: right">7.39</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: center">2021</td> <td> </td> <td>$</td> <td style="text-align: right">7,546,084</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">7,363,821</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">1,625,652</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">1,570,025</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">373.93</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">174.36</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">147,071,721</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">11.72</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">2020</td> <td> </td> <td>$</td> <td style="text-align: right">4,000,425</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">1,740,203</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">1,206,467</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">790,110</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">216.63</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">143.64</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">75,337,438</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">15.14</td> <td> </td></tr> </table><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px"> <tr style="vertical-align: top"> <td style="width: 24px">(1)</td> <td style="text-align: justify">Mr. Klein was the sole PEO for each of 2024, 2023, 2022, 2021 and 2020.</td></tr> </table> <table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px"> <tr style="vertical-align: top"> <td style="width: 24px">(2)</td> <td style="text-align: justify">“Compensation actually paid” (“CAP”) is a calculation that begins with the Summary Compensation Table (“SCT”) total compensation in the given year with certain adjustments prescribed by the SEC rules. The following table provides a reconciliation of SCT total compensation (the “SCT Total”) with CAP for 2024, computed through the addition to the SCT Total of the values provided in the columns labeled “SCT Stock Awards,” “Fair Value of Stock Awards Granted in the Covered Year,” “Change in Fair Value of Unvested Stock Awards from Prior Years,” and “Change in Fair Value of Stock Awards that Vested in the Covered Year”:</td></tr> </table><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; border-spacing: 0px"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center">Name</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Year</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">SCT Total</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">SCT Stock Awards</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Fair Value of Stock Awards Granted in the Covered Year</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Change in Fair Value of Unvested Stock Awards from Prior Years</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Change in Fair Value of Stock Awards that Vested in the Covered Year</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Compensation Actually Paid</td> <td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 12%">PEO</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 4%; text-align: right">2024</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 9%; text-align: right">3,164,407</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 9%; text-align: right">(614,000)</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 10%; text-align: right">588,000</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 2%">$</td> <td style="width: 10%; text-align: right">254,006</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 11%; text-align: right">105,073</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 13%; text-align: right">3,497,486</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> Non-PEO NEO Average</td> <td> </td> <td> </td> <td style="text-align: right">2024</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">1,287,098</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">(153,500)</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">147,000</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">64,045</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">4,540</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">1,349,183</td> <td> </td></tr> </table> <table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px"> <tr style="vertical-align: top"> <td style="width: 24px">(3)</td> <td style="text-align: justify">Ms. Green was our only non-PEO NEO for each of 2024, 2023, 2022, 2021 and 2020.</td></tr> </table> <table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px"> <tr style="vertical-align: top"> <td style="width: 24px">(4)</td> <td style="text-align: justify">Total Shareholder Return represents the value of a hypothetical $100 investment beginning at market close on the last trading day of 2019, assuming reinvestment of all dividends.</td></tr> </table> <table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px"> <tr style="vertical-align: top"> <td style="width: 24px">(5)</td> <td style="text-align: justify">Given the nature of the Company’s operations, the Company calculates “Net Income” as the Net Increase/(Decrease) in Net Assets Resulting from Operations.</td></tr> </table> net asset value 3164407 3497486 1287098 1349183 171.82 215.22

-38124247

6.68 2976409 3000039 1232474 1231442 115.13 167.3

5066822

7.99 4353439 643964 1518079 935248 111.04 116.65

-132177053

7.39 7546084 7363821 1625652 1570025 373.93 174.36

147071721

11.72 4000425 1740203 1206467 790110 216.63 143.64

75337438

15.14 <table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px"> <tr style="vertical-align: top"> <td style="width: 24px">(1)</td> <td style="text-align: justify">Mr. Klein was the sole PEO for each of 2024, 2023, 2022, 2021 and 2020.</td></tr> </table><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px"> <tr style="vertical-align: top"> <td style="width: 24px">(3)</td> <td style="text-align: justify">Ms. Green was our only non-PEO NEO for each of 2024, 2023, 2022, 2021 and 2020.</td></tr> </table> Mr. Klein <table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px"> <tr style="vertical-align: top"> <td style="width: 24px">(2)</td> <td style="text-align: justify">“Compensation actually paid” (“CAP”) is a calculation that begins with the Summary Compensation Table (“SCT”) total compensation in the given year with certain adjustments prescribed by the SEC rules. The following table provides a reconciliation of SCT total compensation (the “SCT Total”) with CAP for 2024, computed through the addition to the SCT Total of the values provided in the columns labeled “SCT Stock Awards,” “Fair Value of Stock Awards Granted in the Covered Year,” “Change in Fair Value of Unvested Stock Awards from Prior Years,” and “Change in Fair Value of Stock Awards that Vested in the Covered Year”:</td></tr> </table><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; border-spacing: 0px"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center">Name</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Year</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">SCT Total</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">SCT Stock Awards</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Fair Value of Stock Awards Granted in the Covered Year</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Change in Fair Value of Unvested Stock Awards from Prior Years</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Change in Fair Value of Stock Awards that Vested in the Covered Year</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Compensation Actually Paid</td> <td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 12%">PEO</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 4%; text-align: right">2024</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 9%; text-align: right">3,164,407</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 9%; text-align: right">(614,000)</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 10%; text-align: right">588,000</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 2%">$</td> <td style="width: 10%; text-align: right">254,006</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 11%; text-align: right">105,073</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 13%; text-align: right">3,497,486</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> Non-PEO NEO Average</td> <td> </td> <td> </td> <td style="text-align: right">2024</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">1,287,098</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">(153,500)</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">147,000</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">64,045</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">4,540</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">1,349,183</td> <td> </td></tr> </table> <table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px"> <tr style="vertical-align: top"> <td style="width: 24px">(2)</td> <td style="text-align: justify">“Compensation actually paid” (“CAP”) is a calculation that begins with the Summary Compensation Table (“SCT”) total compensation in the given year with certain adjustments prescribed by the SEC rules. The following table provides a reconciliation of SCT total compensation (the “SCT Total”) with CAP for 2024, computed through the addition to the SCT Total of the values provided in the columns labeled “SCT Stock Awards,” “Fair Value of Stock Awards Granted in the Covered Year,” “Change in Fair Value of Unvested Stock Awards from Prior Years,” and “Change in Fair Value of Stock Awards that Vested in the Covered Year”:</td></tr> </table><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; border-spacing: 0px"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center">Name</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Year</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">SCT Total</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">SCT Stock Awards</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Fair Value of Stock Awards Granted in the Covered Year</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Change in Fair Value of Unvested Stock Awards from Prior Years</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Change in Fair Value of Stock Awards that Vested in the Covered Year</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Compensation Actually Paid</td> <td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 12%">PEO</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 4%; text-align: right">2024</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 9%; text-align: right">3,164,407</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 9%; text-align: right">(614,000)</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 10%; text-align: right">588,000</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 2%">$</td> <td style="width: 10%; text-align: right">254,006</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 11%; text-align: right">105,073</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 13%; text-align: right">3,497,486</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> Non-PEO NEO Average</td> <td> </td> <td> </td> <td style="text-align: right">2024</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">1,287,098</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">(153,500)</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">147,000</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">64,045</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">4,540</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">1,349,183</td> <td> </td></tr> </table> 3164407 -614000 588000 254006 105073 3497486 1287098 -153500 147000 64045 4540 1349183 The graph below reflects the relationship between “compensation actually paid” to our PEO and non-PEO NEO and Total Shareholder Return for the Company and the Nasdaq Stock Index.<img alt="" src="tm2511997d1_def14aimg001.jpg"/> The graph below reflects the relationship between “compensation actually paid” to our PEO and non-PEO NEO and Total Shareholder Return for the Company and the Nasdaq Stock Index.<img alt="" src="tm2511997d1_def14aimg001.jpg"/> The graph below reflects the relationship between “compensation actually paid” to our PEO and non-PEO NEO and our Net Increase/(Decrease) in Net Assets Resulting from Operations, which is the Company’s calculation of “Net Income” given the nature of the Company’s operations: <img alt="" src="tm2511997d1_def14aimg002.jpg"/> The graph below reflects the relationship between “compensation actually paid” to our PEO and non-PEO NEO and our NAV per Share: <img alt="" src="tm2511997d1_def14aimg003.jpg"/> Restrictions imposed by the 1940 Act limit the Compensation Committee’s ability to use nondiscretionary or formulaic Company performance goals or criteria to determine executive incentive compensation. However, the Compensation Committee considers several financial performance metrics, along with other factors including operational goals and individual performance criteria, in determining the appropriate compensation for the Company’s NEOs. Subject to the foregoing restrictions imposed by the 1940 Act, in the Company’s assessment, the following list of performance measures represent the most important performance measures used to link compensation actually paid to our NEOs, for the most recently completed fiscal year, to Company performance: <table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 24px">●</td> <td style="text-align: justify">NAV per Share;</td></tr> </table> <table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 24px">●</td> <td style="text-align: justify">dividends declared and paid by the Company;</td></tr> </table> <table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 24px">●</td> <td style="text-align: justify">prudent investments within the portfolio, focusing on high-quality opportunities to ensure efficiency;</td></tr> </table> <table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 24px">●</td> <td style="text-align: justify">enhancements to the overall investment process, to the valuation process, and to financial reporting;</td></tr> </table> <table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 24px">●</td> <td style="text-align: justify">maintenance of a strong balance sheet, including maintaining liquidity and capital flexibility to accomplish the Company’s business objectives; and</td></tr> </table> <table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 24px">●</td> <td style="text-align: justify">execution of the Company’s Share Repurchase Program and Modified “Dutch Auction” Tender Offer.</td></tr> </table> Other key metrics considered by the Compensation Committee when determining the appropriate compensation for NEOs include investment activity, growth and performance of the Company’s business, maintenance of liquidity and capital flexibility, growth and development of human capital, and individual contributions to corporate objectives. NAV per Share dividends declared and paid by the Company prudent investments within the portfolio, focusing on high-quality opportunities to ensure efficiency enhancements to the overall investment process, to the valuation process, and to financial reporting maintenance of a strong balance sheet, including maintaining liquidity and capital flexibility to accomplish the Company’s business objectives execution of the Company’s Share Repurchase Program and Modified “Dutch Auction” Tender Offer DEF 14A 0001509470 false