Granting of Stock Options and Vesting of Restricted Share Units
Alvotech (ALVO) has announced the granting of stock options to four independent board directors and the vesting of previously awarded Restricted Share Units (RSUs). Each director received options to purchase 24,784 Alvotech shares at an exercise price of $9.28 per share.
The stock options will vest over a three-year period, with one-third vesting each year starting from the grant date of June 25, 2025. Directors must remain board members at the time of vesting to exercise their options. The exercise price was determined by the opening price of Alvotech's ordinary shares on Nasdaq US on the grant date.
Alvotech (ALVO) ha annunciato la concessione di opzioni su azioni a quattro membri indipendenti del consiglio di amministrazione e il consolidamento di Restricted Share Units (RSU) precedentemente assegnate. Ogni direttore ha ricevuto opzioni per acquistare 24.784 azioni Alvotech a un prezzo di esercizio di 9,28 $ per azione.
Le opzioni su azioni matureranno in un periodo di tre anni, con un terzo che matura ogni anno a partire dalla data di assegnazione del 25 giugno 2025. I direttori devono rimanere membri del consiglio al momento della maturazione per poter esercitare le opzioni. Il prezzo di esercizio 猫 stato determinato dal prezzo di apertura delle azioni ordinarie Alvotech sul Nasdaq US nella data di assegnazione.
Alvotech (ALVO) ha anunciado la concesi贸n de opciones sobre acciones a cuatro directores independientes del consejo y la consolidaci贸n de Unidades de Acciones Restringidas (RSU) previamente otorgadas. Cada director recibi贸 opciones para comprar 24,784 acciones de Alvotech a un precio de ejercicio de $9.28 por acci贸n.
Las opciones sobre acciones se consolidar谩n durante un per铆odo de tres a帽os, con un tercio consolid谩ndose cada a帽o a partir de la fecha de concesi贸n del 25 de junio de 2025. Los directores deben seguir siendo miembros del consejo en el momento de la consolidaci贸n para poder ejercer sus opciones. El precio de ejercicio se determin贸 seg煤n el precio de apertura de las acciones ordinarias de Alvotech en Nasdaq US en la fecha de concesi贸n.
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Alvotech (ALVO) a annonc茅 l'attribution d'options d'achat d'actions 脿 quatre administrateurs ind茅pendants ainsi que la lev茅e des Restricted Share Units (RSU) pr茅c茅demment attribu茅es. Chaque administrateur a re莽u des options pour acheter 24 784 actions Alvotech au prix d'exercice de 9,28 $ par action.
Les options d'achat d'actions seront acquises sur une p茅riode de trois ans, avec un tiers qui sera acquis chaque ann茅e 脿 partir de la date d'attribution, le 25 juin 2025. Les administrateurs doivent rester membres du conseil au moment de l'acquisition pour pouvoir exercer leurs options. Le prix d'exercice a 茅t茅 d茅termin茅 par le cours d'ouverture des actions ordinaires d'Alvotech sur le Nasdaq US 脿 la date d'attribution.
Alvotech (ALVO) hat die Gew盲hrung von Aktienoptionen an vier unabh盲ngige Vorstandsmitglieder sowie die Freigabe zuvor zugeteilter Restricted Share Units (RSUs) bekannt gegeben. Jeder Direktor erhielt Optionen zum Kauf von 24.784 Alvotech-Aktien zu einem Aus眉bungspreis von 9,28 $ pro Aktie.
Die Aktienoptionen werden 眉ber einen Zeitraum von drei Jahren mit jeweils einem Drittel pro Jahr ab dem Gew盲hrungsdatum am 25. Juni 2025 freigegeben. Die Direktoren m眉ssen zum Zeitpunkt der Freigabe Vorstandsmitglieder bleiben, um ihre Optionen aus眉ben zu k枚nnen. Der Aus眉bungspreis wurde anhand des Er枚ffnungskurses der Alvotech-Stammaktien an der Nasdaq US am Gew盲hrungstag festgelegt.
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In accordance with the Remuneration Policy of Alvotech (the 鈥淐ompany鈥�), which was approved at the Company鈥檚 Annual General Meeting (鈥淎GM鈥�) on June 6, 2023, at the 2025 AGM held on June 25, 2025, four independent board directors each received a stock option grant allowing the purchase of up to 24,784 Alvotech shares.
The aim of the stock option grants is to align the long-term interests of the board members and the Company. The relevant key terms and conditions of the Company麓s Equity Incentive Plan approved by Alvotech鈥檚 Annual and Extraordinary General Meeting on June 13, 2022 are as follows:
- The stock option agreements entitle the grantee to purchase Alvotech shares at an exercise price of USD 9.28 per share*.
- The options are subject to a vesting period over three years with yearly vesting, i.e. one third of the options vest each year starting on the AGM where the stock options were awarded. 聽
- The options are only exercisable if the grantee is still a member of the board of Alvotech at the time of vesting.
Attached to this announcement are filings with the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) made by the respective four independent board directors of their vested RSUs, in accordance with previous grants.
*The exercise price is determined by the opening price of the Company's ordinary shares on the Nasdaq US stock exchange on the date of the grant, in this case on June 25, 2025.聽
Alvotech Investor Relations
Benedikt Stefansson, VP
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