ELWT · Elauwit Connection, Inc. Common Stock

The appointment of James Philippe Di Bartolo II as CFO represents a key leadership change for Elauwit Connection, Inc., bringing extensive capital markets experience from senior roles at Goldman Sachs, Barclays, Lazard, and others to support the company's growth in the multifamily broadband sector. Effective April 2, 2026, his compensation package includes a competitive $240,000 base salary, performance-tied bonus, and a $50,000 sign-on RSU award under the 2025 Stock Incentive Plan, vesting over one year, signaling strong Board confidence. The three-year term through April 2029 includes standard protections and covenants. Sean Arnette's departure, after leading the company through its IPO and early public quarters, is handled with termination payments, ensuring a smooth transition. Additionally, the new annual incentive program for executives like Barry Rubens and Taylor Jones ties 2026 awards (up to 50% of base salary) to critical metrics including gross revenue, EBITDA, contracted units, and Google reviews, with 75% in PSUs cliff-vesting after three years. Di Bartolo's affiliation with Endurance Financial LLC, involved in company financing, warrants monitoring for related party dynamics previously disclosed in the 10-K.