Aebi Schmidt grants retention awards of up to 250,000 shares to executives ahead of Shyft merger

Aebi Schmidt Holding AG

• Board approved aggregate Retention Awards of up to 250,000 shares of Aebi Schmidt common stock (post 1:7.5 split) for senior executives.
• Named executive officers receive 110,000 shares total: Barend Fruithof 30,000, Steffen Schewerda 50,000, Thomas Schenkirsch 30,000.
• Awards lock up for three years; forfeited upon voluntary resignation or termination for gross misconduct.
• If terminated without cause before lockup expiry, shares vest immediately; awards aim to retain talent and align interests post-merger.
• Grants occur prior to closing of the merger with The Shyft Group, Inc.