Company: MBIO
Filing Date: 2025-12-03
Form Type: DEF 14A
Source: 0001104659-25-118122
Chunk: 51

Company: MUSTANG BIO, INC.
Filing Date: 2025-12-03
Form: DEF 14A
Chunk 51
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 number of shares associated with any award granted under the EIP in any calendar year to any one non-employee director is 100,000.

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**Shares Available for Awards; Adjustments.Subject to adjustment as provided in the EIP, the aggregate number of shares of our common stock reserved and available for issuance pursuant to awards granted under the EIP is 14,666. Shares subject to awards that are canceled, terminated, forfeited, settled in cash, withheld to satisfy exercise prices or tax withholding obligations or otherwise not issued for any reason, including by reason of failure to achieve maximum performance goals, will again be available for awards under the EIP. In the event of a nonreciprocal transaction between us and our stockholders that causes the per share value of our common stock to change (including, without limitation, any stock dividend, stock split, spin-off, rights offering, or large nonrecurring cash dividend), the share authorization limits under the EIP will be adjusted proportionately, and the Compensation Committee must make such adjustments to the EIP and awards as it deems necessary, in its sole discretion, to prevent dilution or enlargement of rights immediately resulting from such transaction.

Administration.The EIP is administered by the Compensation Committee or, at the discretion of the Board from time to time, the EIP may be administered by the Board. It is intended that at least two of the directors appointed to serve on the Committee shall be Independent Directors and that any members of the Committee who do not so qualify shall abstain from participating in any decision to make or administer Awards that are made to Eligible Participants who at the time of consideration for such Award are persons subject to the short-swing profit rules of Section 16 of the 1934 Act. However, the mere fact that a Committee member shall fail to qualify as an Independent Director or shall fail to abstain from such action shall not invalidate any Award made by the Committee which Award is otherwise validly made under the EIP. The members of the Committee shall be appointed by, and may be changed at any time and from time to time in the discretion of, the Board. Unless and until changed by the Board, the Compensation Committee of the Board is designated as the Committee to administer the EIP. The Board may reserve to itself any or all of the authority and responsibility of the Committee under the EIP or may act as administrator of the EIP for any and all purposes. To the extent the Board has reserved any authority and responsibility or during any time that the Board