Longeveron CEO Willard base salary rises to $500,000 under revised agreement

Initial equity awards of 200,000 restricted stock units and an option for 200,000 shares now vest quarterly over three years, shortened from four.

Termination without cause or for good reason adds payout of any earned prior-year bonus, plus a prorated current-year bonus based on corporate goal results.

Termination within six months of a change in control triggers 12 months of base salary plus 100% of target bonus, subject to a release.

Longeveron revised CEO Stephen Willard’s employment letter agreement on July 8, 2026, ending the prior deferral condition on his $500,000 base salary.

Annual cash bonus eligibility is set with a 45% target; 80% is tied to corporate goals, and 20% is subject to board or compensation committee discretion.