Longeveron Comp Committee approves ongoing Cash-to-Equity Program with Black-Scholes multiplier

Longeveron Inc.

Program allows executives and directors to elect RSUs or stock options in lieu of up to 80% of quarterly cash compensation.
Equity granted at 125%-200% of forgone cash compensation, fully vested upon grant.
Stock options adjusted by an annually reset Black-Scholes multiplier.
Program converted from emergency authorization (May 2024) to ongoing compensatory arrangement.

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