Company: IMNN
Filing Date: 2025-05-30
Form Type: PRE 14A
Source: 0001641172-25-013068
Chunk: 76

Company: Imunon, Inc.
Filing Date: 2025-05-30
Form: PRE 14A
Chunk 76
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 (and if the participant is an employee, will be subject to income tax withholding) in an amount equal to the fair market value of any shares delivered and the amount of any cash paid by the Company. The amount of ordinary income recognized is deductible by the Company as compensation expense, except to the extent the deduction limits of Section 162(m) of the Code apply.

The tax treatment, including the timing of taxation, of any other type of stock award will depend on the terms of such award at the time of grant.

Performance Awards

A participant will not recognize taxable income at the time performance awards are granted, and the Company will not be entitled to a tax deduction at that time. Upon settlement of performance awards, the participant will recognize compensation taxable as ordinary income (and if the participant is an employee, will be subject to income tax withholding) in an amount equal to the fair market value of any shares delivered and the amount of cash paid by the Company. This amount is deductible by the Company as compensation expense, except to the extent the deduction limits of Section 162(m) of the Code apply.

New Plan Benefits

The Committee has the discretion to grant awards under the 2018 Plan and, therefore, it is not possible as of the date of this proxy statement to determine future awards that will be received by the Company’s named executive officers or others under the 2018 Plan. Accordingly, in lieu of providing information regarding benefits that will be received under the 2018 Plan, the following table provides information concerning the benefits that were received by the following persons and groups during 2024 under the 2018 Plan: each named executive officer; all current executive officers, as a group; all current directors who are not executive officers, as a group; and all current employees who are not executive officers, as a group.

| 57 |

| Name and Position                                                   |     | Number                                                          
 Shares Subject to Stock Options and restricted stock awards (#) |         |
| Michael H. Tardugno                                                 
 Executive Chairman and former President and Chief Executive Officer |     |                                                                 | 207,926 |
| Stacy Lindborg                                                      |     |                                                                 |         |
| President and Chief Executive                                       
 Officer                                                             |     |                                                                 | 318,102 |
| Corinne Le Goff                                                     
 Former                                                              
 President and Chief Executive Officer                               |     |                                                                 |       - |
| Khursheed Anwer                                                     
 Executive                                                           
 Vice President and CSO                                              |     |                                                                 |  90,653 |
|