Celcuity adjusts executive compensation; CEO base salary down, CFO base up ~22% with stock options

Celcuity Inc.

CEO base salary decreased slightly; CSO base up <10%; CFO base up ~22% partially paid in stock options.
CSO and CFO each granted options for 21,250 shares as part of annual base salary, effective Aug 25, 2023.
Long-term incentive awards: 264,000 options to CEO (in two tranches), 125,000 to CSO, 60,000 to CFO.
Options vest over 48 months starting Aug 25, 2024; exercise price equals closing price on grant date.
All changes approved by Compensation Committee on Aug 23, 2023 to align with peer companies.

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