Company: IOBT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058699
Chunk: 24

Company: IO Biotech, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 24
---
 In February 2025, our board of directors approved further revisions to our non-employee director compensation program reducing (i) the number of shares of our common stock which a non-employee director will receive, upon their appointment, an option to purchase from 70,593 to 54,357, and (ii) the number of shares of our common stock to which a non-employee director will, at the close of business on the date of each annual meeting of stockholders, receive an option to purchase from 45,642 to 35,144. Exp ense Reimbursement Our non-employee directors are also reimbursed for their reasonable out-of-pocket travel expenses to cover in-person attendance at and participation in board of directors and committee meetings.

<div align='center'>18</div>

2024 Dire ctor Compensation Table The following table sets forth information for the fiscal year ended December 31, 2024 regarding the compensation awarded to, earned by or paid to our non-employee directors. Dr. Zocca also serves as a member of our board of directors but does not receive any additional compensation for her service on our board of directors. Please see the “2024 Summary Compensation Table” for a summary of the compensation Dr. Zocca received for her service as our Chief Executive Officer during 2024.

| Name                          |     | Fees Earned or 
 Paid in Cash   
 ($)            |        |     | Option 
 Awards 
 ($)(1) |        |     | Total 
 ($)   |         |
| Peter Hirth, Ph.D.            |     |                | 80,830 |     |        | 42,068 |     |       | 122,898 |
| Helen Collins, M.D.           |     |                | 40,000 |     |        | 42,068 |     |       |  82,068 |
| Christian Elling, Ph.D.       |     |                | 50,000 |     |        | 42,068 |     |       |  92,068 |
| Kathleen Sereda Glaub, M.B.A. |     |                | 60,000 |     |        | 42,068 |     |       | 102,068 |
| Heidi Hunter, M.B.A.          |     |                | 51,500 |     |        | 42,068 |     |       |  93,568 |
| Jack B. Nielsen(2)            |     |