Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 2116

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 6
Chunk 2116
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, willful or gross misconduct that contributed
to the need for a financial restatement.

Insider Trading Policy

We have an insider trading
policy that prohibits our directors, executive officers, employees, independent contractors and consultants from the purchasing or selling
our securities while being aware of material, non-public information about the Company as well as disclosing such information to others
who may trade in securities of the Company. Our insider trading policy also prohibits our directors, executive officers, employees, independent
contractors and consultants from engaging in hedging activities or other short-term or speculative transactions in the Company’s
securities such as short sales, options trading, holding the Company’s securities in a margin account or pledging the Company’s
securities as collateral for a loan, without the advance approval of our Chief Executive Officer and Chief Financial Officer. Our insider
trading policy is filed as Exhibit 19.1 to this Annual Report on Form 10-K.

Delinquent Section 16(a) Reports

Section 16(a) of the Exchange
Act requires our executive officers, directors and persons who beneficially own more than 10% of our common stock to file with the SEC
reports of their ownership and changes in their ownership of our common stock. To our knowledge, based solely on review of the copies
of such reports and amendments to such reports with respect to the year ended December 31, 2024 filed with the SEC, all required Section
16 reports under the Exchange Act for our directors, executive officers and beneficial owners of greater than 10% of our common stock
were filed on a timely basis during the year ended December 31, 2024, except for one late Form 3 filing reporting one transaction made
by Rolf Wikborg.

78

Item 11. Executive Compensation

Summary Compensation Table

The following table sets
forth certain information with respect to compensation for the years ended December 31, 2024 and 2023, earned by or paid to
our Chief Executive Officer and our two other most highly compensated executive officers whose total compensation exceeded US$100,000
(the “named executive officers”). 

    Name
    and Principal Position 
    Year  
    Salary ($)  
    Bonus ($)  
    All Other Compensation ($)  
    Total ($) 
  
    Vincent
    Browne(1) 
     2024  
     192,000  
        
     44,100(2) 
     236,100