Company: PTPI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001410578-25-000579
Chunk: 2

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11E
Chunk 2
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ITEM 11.EXECUTIVE COMPENSATION

The Board is responsible for evaluating and approving the compensation of executive officers. The major elements of Petros’ compensation program include:

●base salary;

●cash bonus incentive opportunities tied to Petros’ performance and certain employment agreements;

●retirement benefits through a qualified defined contribution scheme (such as a 401(k) plan in the United States); and

●other benefit programs generally available to all U.S. and non-U.S. employees that are customary and appropriate for the country in which the employee is operating.

Petros’ compensation objectives.

​    Description    Performance/ Job Considerations    Primary Objectives Base Salary​Fixed cash amount.​Increases based upon individual performance against goals, objectives and job criteria such as executive qualifications, responsibilities, role criticality, potential and market value.​Recruit qualified executives or personnel. Retention of personnel.​Cash Incentive Opportunity​Short-term incentive, annual bonus opportunities.​Amount of actual payment based on achievement of corporate financial goals, key strategic and operating objectives.​Promote achievement of short-term financial goals and strategic and operating objectives.​Retirement and Welfare Benefits​401(k) plan, health and insurance benefits.​None, benefits offered to broad workforce.​Recruit qualified employees.​

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Petros provides base salary based on the executive officers’ individual responsibilities and performance. Petros offers bonus opportunities to certain executive officers and employees based primarily on company performance. See “Employment Agreements” below. Petros’ compensation decisions and salary adjustments are generally evaluated on a calendar year basis.