Alvotech SA has announced new stock option grants for four independent board directors, in line with the company's Remuneration Policy approved at the Annual General Meeting on June 6, 2023. At the 2025 AGM held on June 25, each director received a stock option grant to purchase up to 24,784 Alvotech shares at an exercise price of USD 9.28 per share, set by the opening price on Nasdaq US on the grant date. The options will vest over a three-year period, with one-third vesting annually, and are contingent on the directors remaining on the board at the time of vesting. These grants are part of Alvotech's Equity Incentive Plan approved in 2022.
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