Palisade Bio adopts Phantom Unit Plan, grants 10M cash-settled units, amends exec employment agreements

PALISADE BIO, INC.

Phantom Unit Plan approved; up to 10,000,000 cash-settled phantom units may be granted.
CEO J.D. Finley granted 323,400 Phantom Units; CMO Mitchell Jones 289,000; SVP Ryker Willie 137,600.
Board Chair granted 64,400 units; each other independent director granted 37,600 units.
Executives' phantom units vest quarterly over 3 years; directors vest annually over 3 years.
Amended employment agreements: CEO base $575K, CMO $440K, SVP Finance $298.5K, with enhanced severance.

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