Company: CDT
Filing Date: 2025-07-08
Form Type: DEF 14A
Source: 0001641172-25-018242
Chunk: 58

Company: CDT Equity Inc.
Filing Date: 2025-07-08
Form: DEF 14A
Chunk 58
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. Upon exercise, holders   
 of SARs will receive from the Company an amount equal to the appreciation of the shares subject   
 to the award between the grant date and the exercise date. Unless otherwise determined by         
 the plan administrator, the exercise price of a stock option or SAR may not be less than          
 100% of the fair market value of the underlying share of common stock on the grant date (or       
 110% in the case of ISOs granted to certain significant stockholders), except with respect        
 to certain substitute awards granted in connection with a corporate transaction. Unless otherwise 
 determined by the plan administrator, the term of a stock option or SAR may not be longer         
 than ten years (or five years in the case of ISOs granted to certain significant stockholders).   |

| ● | Restricted                                                                                       
 Stock. Restricted stock is an award of non-transferable shares of the Company common             
 stock that are subject to certain vesting conditions and other restrictions as may be determined 
 by the plan administrator. Restricted stock, typically, may be forfeited for no consideration    
 or repurchased by us at the original purchase price if the conditions or restrictions on         
 vesting are not met. In general, restricted stock may not be sold or otherwise transferred       
 until restrictions are removed or expire. Holders of restricted stock, unlike recipients         
 of stock options, will have voting rights and will have the right to receive dividends, if       
 any, prior to the time when the restrictions lapse, however, dividends will not be released      
 until restrictions are removed or expire.                                                        |

| ● | RSUs.                                                                                            
 RSUs are contractual promises to deliver shares of the Company common stock in the future        
 or an equivalent in cash and other consideration determined by the plan administrator, which     
 may also remain forfeitable unless and until specified conditions are met and may be accompanied 
 by the right to receive the equivalent value of dividends paid on shares of the Company common   
 stock prior to the delivery of the underlying shares (i.e., dividend equivalent rights).         
 Like restricted stock, restricted stock units may not be sold, or otherwise transferred or       
 hypothecated, until vesting conditions are removed or expire. Unlike restricted stock, stock     
 underlying restricted stock units will not be issued until the restricted stock units have       
 vested, and recipients of restricted stock units generally will have no voting or dividend       
 rights prior to the time when vesting conditions are satisfied.                                  |

| 38 |

| ● | PSUs.                                                                                     
 PSUs are performance awards denominated in cash