Company: PTPI
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001410578-25-000047
Chunk: 176

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 176
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 financial statements and related disclosures. The Compensation Committee assists the Board in its risk oversight function by overseeing strategies with respect to our incentive compensation programs and key employee retention issues. We believe our Board leadership structure facilitates the division of risk management oversight responsibilities among the Board committees and enhances the Board’s efficiency in fulfilling its oversight function with respect to difference areas of our business risks and our risk mitigation practices.

Anti-Hedging and Anti-Pledging Policies

Under our Insider Trading Policy, our employees, including our executive officers and Board members, are prohibited from hedging the risk associated with ownership of shares of our common stock and other securities, as well as from pledging any of our securities as collateral for a loan.

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EXECUTIVE AND DIRECTOR 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