Longeveron CEO Willard base salary rises to $500,000 under revised agreement

• Longeveron revised CEO Stephen Willard’s employment letter agreement on July 8, 2026, ending the prior deferral condition on his $500,000 base salary.
• Annual cash bonus eligibility set with a 45% target; 80% tied to corporate goals, 20% subject to board or compensation committee discretion.
• Termination without cause or for good reason adds payout of any earned prior-year bonus, plus a prorated current-year bonus based on corporate goal results.
• Termination within six months of a change in control triggers 12 months of base salary plus 100% of target bonus, subject to a release.
• Initial equity awards of 200,000 restricted stock units and an option for 200,000 shares now vest quarterly over three years, shortened from four.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Longeveron Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-078019), on July 14, 2026, and is solely responsible for the information contained therein.