Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) On January 17, 2023, the Compensation Committee of the Board of Directors of BBX Capital, Inc. (the "Company") approved the following:



  ? For the year ending December 31, 2023, each of Jarett S. Levan, the Company's
    Chief Executive Officer and President, and Seth M. Wise, the Company's
    Executive Vice President, will be eligible to receive an annual bonus of up to
    150% of his annual base salary.



  ? The payment of long term incentive compensation awards to certain of the
    Company's executives in the following amounts: $2,120,000 for each of Mr.
    Jarett Levan and Mr. Wise, $1,628,026 for each of Alan B. Levan, the Company's
    Chairman, and John E. Abdo, the Company's Vice Chairman, and $350,000 for
    Brett Sheppard, the Company's Chief Financial Officer. While it was previously
    contemplated that such awards would be paid 100% in restricted stock awards,
    Mr. Alan Levan and Mr. Abdo's awards will instead be paid 100% in cash, and
    each of Mr. Jarett Levan, Mr. Wise and Mr. Sheppard may elect to receive up to
    50% of his award in cash in lieu of restricted stock awards. In each case, the
    cash payments will be scheduled to vest and be made in three equal annual
    installments beginning in October 2023. In addition, the restricted stock
    awards granted to Mr. Jarett Levan, Mr. Wise and Mr. Sheppard will be
    scheduled to vest in three equal annual installments beginning in October
    2023.

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