Company: MBIO
Filing Date: 2025-01-15
Form Type: S-1
Source: 0001410578-25-000028
Chunk: 181

Company: MUSTANG BIO, INC.
Filing Date: 2025-01-15
Form: S-1
Chunk 181
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 Cash Compensation:

| ● | $50,000 annual retainer; and |

| ● | $10,000 additional annual retainer for the Audit Committee Chair. |

109

However, for Mr. Weiss, in lieu of the cash compensation described above, $60,000 of annual cash compensation is paid to the Advisor according to the Advisory Agreement Equity Compensation:

| ● | Initial Equity Grant: 50,000 shares of restricted stock, which shares shall vest and become non-forfeitable in equal annual installments over three years, beginning on the third (3rd) anniversary of the grant date, subject to the director’s continued service on the board of directors on such date. |

| ● | Re-Election Equity Grant: The greater of (i) a number of shares of restricted stock having a fair market value on the grant date of $50,000, or (ii) 10,000 shares of restricted stock, which shares shall vest and become non-forfeitable on the third (3rd) anniversary of the grant date, subject to the director’s continued service on the board of directors on such date. |

In addition, each non-employee director receives reimbursement for reasonable travel expenses incurred in attending meetings of our board of directors and meetings of committees of our board of directors. Director Compensation Table The following table sets forth the cash and other compensation we paid to the non-employee members of our board of directors for all services in all capacities during 2024.

| ​                          
 ​                          
 ​                          
 Name                       | ​ 
 ​ | ​ 
 ​ 
 ​ 
 ​ | Fees Earned or 
   Paid in Cash 
         ($)(1) | ​ 
 ​ | ​ 
 ​ 
 ​ 
 ​ | Stock  
 Awards 
 ($)(2) | ​ 
 ​ | ​ 
 ​ 
 ​ 
 ​ |      ​ 
      ​ 
  Total 
    ($) |
|:---------------------------|:--|:--|---------------:|:--|:--|:-------|:--|:--|-------:|
| Neil Herskowitz            | ​ | $ |         50,000 | ​ | $ | —      | ​ | $ | 50,000 |
| Lindsay A. Rosenwald, M.D. | ​ | $ |         50,000 | ​ | ​ | —      | ​ | ​ | 50,000 |
| Michael S. Weiss (3)       | ​ | $ |         60,000 | ​ | ​ | —      | ​