Company: MBIO
Filing Date: 2025-01-15
Form Type: S-1
Source: 0001410578-25-000028
Chunk: 182

Company: MUSTANG BIO, INC.
Filing Date: 2025-01-15
Form: S-1
Chunk 182
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 | ​ | 60,000 |
| Adam J. Chill              | ​ | $ |         60,000 | ​ | ​ | —      | ​ | ​ | 60,000 |
| Michael J. Zelefsky, M.D.  | ​ | $ |         50,000 | ​ | ​ | —      | ​ | ​ | 50,000 |
| David Jin                  | ​ | $ |         12,500 | ​ | ​ | —      | ​ | ​ | 12,500 |

| (1) | Represents the cash retainer for serving on our board of directors and committees thereof. |

| (2) | No stock awards were granted in 2024. As of December 31, 2024, each of Mr. Herskowitz, Dr. Rosenwald, Mr. Weiss, Mr. Chill and Dr. Zelefsky had 12,691 shares of unvested restricted stock pursuant to prior awards. |

| (3) | Pursuant to the Advisory Agreement, the Advisor is paid an annual cash fee of $60,000, for the services of Mr. Weiss as Chairman of the board of directors and Executive Chairman in addition to any and all annual equity incentive grants paid to members of the board of directors. |

110

Mustang Bio, Inc. 2016 Incentive Plan The material terms of the Mustang Bio, Inc. 2016 Incentive Plan (the “Plan”) are described below. The following summary is qualified in its entirety by reference to the complete text of the Plan which is filed as an exhibit to the registration statement of which this prospectus forms a part. Purpose. The purpose of Plan is to promote the success, and enhance the value, of Mustang Bio, Inc. by linking the personal interests of employees, officers, directors and consultants of the Company or any its Affiliates (defined below) to those of Company stockholders and by providing such persons with an incentive for outstanding performance. The Plan is further intended to provide flexibility to the Company in its ability to motivate, attract, and retain the services of employees, officers, directors and consultants upon whose judgment, interest, and special effort the successful conduct of the Company’s operation is largely dependent. Accordingly, the Plan permits the grant of incentive awards from time to time to selected employees, officers, directors and consultants of the Company and its Affiliates. “Affiliate” means (i) any Subsidiary or Parent, or