Company: SHPH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001493152-25-008300
Chunk: 344

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1A
Chunk 344
---
 -  
         -  
     1,194  
    $1,026 
  
    Timothy Lorber2 
    6/13/24 
     -  
     -  
     -  
     -  
     28,455  
    $24,443 

    (1)
    These
    restricted stock units vest in two installments on the anniversary of the grant date.

(2)
These restricted stock units vest in three installments on the anniversary of the grant date.

2018
Equity Incentive Plan

Our
2018 Equity Incentive Plan provides for equity incentives to be granted to our employees, executive officers or directors and to key
advisers and consultants. Equity incentives may be in the form of stock options with an exercise price of not less than the fair market
value of the underlying shares as determined pursuant to the 2018 Equity Incentive Plan, restricted stock awards, other stock-based awards,
or any combination of the foregoing. The 2018 Equity Incentive Plan is administered by the Company’s compensation committee or,
alternatively, if there is no compensation committee, the Company’s board of directors. We have reserved 3,000,000 shares of our
common stock for issuance under the Plan, of which 1,187,189 shares have been granted under the Plan as of the date of this Annual Report.

Director
Compensation

Each
of our non-employee directors, pursuant to the terms of director agreements (the “Director Agreements”), between each of
the directors and the Company, receives compensation on an annual basis consisting of $25,000 in cash, payable in quarterly
installments, and received RSUs upon their respective dates of election, three of whom were granted $75,000 of RSUs and two of whom
were granted $100,000 of RSUs. The RSUs vest over a two-year period in one third increments, with one-third vesting immediately upon
signing and one-third vesting on each of the first and second anniversary of election. On December 23, 2024, each of the Directors
were granted $150,000 of RSUs that vest over the next three calendar years. In addition, non-employee directors will also be
reimbursed for out-of-pocket costs incurred in connection with attending meetings.

81

Item
12. Security Ownership of Certain Beneficial Owners and Management and Related Stock