Company: CRVO
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001437749-25-013543
Chunk: 38

Company: CervoMed Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 38
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ive Compensation and Other Compensatory Arrangements

The Compensation Committee administers the 2015 Equity Plan in which our NEOs participate, the cash bonus payments made to our NEOs provided for in the employment agreements described under the heading “—Employment Agreements,” and any other compensation-related matters with respect to our NEOs as they otherwise determine in their discretion. The option grants made for service during 2023 to the NEOs vest and become exercisable in equal monthly installments over a 36-month period until fully vested, subject to the executive’s continued employment through the applicable vesting date. The Compensation Committee believes time-based vesting of these awards aligns with the 2015 Equity Plan’s purpose of attracting and retaining qualified individuals to perform services for the Company and aligning the interests of such individuals with the interests of our stockholders.

Policies and Practices Related to the Grant of Certain Equity Awards

Our equity awards, which have consisted exclusively of stock options during the fiscal years ended December 31, 2024, 2023 and 2022, are granted in connection with our yearly compensation cycle, regularly scheduled meetings of the Compensation Committee and, as applicable, the Company’s compensation policies and procedures.

During the year ended December 31, 2024, we did not time the disclosure of material non-public information for the purpose of affecting the value of executive compensation, and none of our named executive officers were awarded options with an effective grant date during any period beginning four business days before the filing or furnishing of a Form 10-Q, Form 10-K, or Form 8-K that disclosed material non-public information, and ending one business day after the filing or furnishing of such reports.

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Outstanding Equity Awards at Fiscal Year End

Option Awards

The table below provides information regarding outstanding stock option awards held by each of our NEOs as of December 31, 2024. Unless otherwise indicated, each grant was awarded under our 2015 Equity Plan.

| Name                          |     | Number of   
 Securities  
 Underlying  
 Unexercised 
 Options     
 Exercisable |         |     | Number of     
 Securities    
 Underlying    
 Unexercised   
 Options       
 Unexercisable |        |     | Option    
 Exercise  
 Price     
 ($/share) |       |     | Option     
 Expiration 
 Date       |
|:------------------------------|:----|:------------|--------:|:----|:--------------|-------:|: