Zealand Pharma launches long-term incentive programs for Zealand Pharma’s Board of Directors, Corporate Management and employees for 2025 - Seite 3

The members of the Executive Management are also subject to a holding requirement to be met within a period of five years from the time of becoming a member of Executive Management. This is to align the interests of the Executive Management and the shareholders. The holding requirement for the members in question amounts to 200% of the fixed annual salary for the CEO, and 100% for other members of Executive Management.

US Employee RSUs

With regards to the 2025 RSU grants to the US employees, the RSUs will vest annually in equal tranches over three years (from April 19, 2025, to April 19, 2028). Each vested RSU entitles the holder to receive one share in Zealand Pharma at no cost and subject to certain conditions that include the holder's continued employment at Zealand Pharma.

The grant of RSUs to US employees under this program will have an estimated fair market value of DKK 7.9 million, based on each RSU having a fair value of DKK 424.50 per share. The fair market value of the RSUs is determined as the closing price of Zealand Pharma's share on Nasdaq Copenhagen A/S the trading day prior to the grant.

Vested RSUs entitle the holder to receive shares in Zealand Pharma at no cost, subject to the holder's continued employment throughout the vesting period. Each vested RSU equals one share in Zealand Pharma.

RSU’s to employees in Denmark

With regards to the 2025 RSU grants to the employees in Denmark, the RSUs will vest after three years (on April 19, 2028). Each vested RSU entitles the holder to receive one share in Zealand Pharma at no cost and subject to certain conditions that include the holder's continued employment at Zealand Pharma.

The grant of RSUs to Danish employees under this program will have an estimated fair market value of DKK 54.6 million, based on each RSU having a fair value of DKK 424.50 per share. The fair market value of the RSUs is determined as the closing price of Zealand Pharma's share on Nasdaq Copenhagen A/S the trading day prior to the grant.

Vested RSUs entitle the holder to receive shares in Zealand Pharma at no cost, subject to the holder's continued employment throughout the vesting period. Each vested RSU equals one share in Zealand Pharma.

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About Zealand Pharma A/S
Zealand Pharma A/S (Nasdaq: ZEAL) ("Zealand") is a biotechnology company focused on the discovery and development of peptide-based medicines. More than 10 drug candidates invented by Zealand have advanced into clinical development, of which two have reached the market and three candidates are in late-stage development. The company has development partnerships with a number of blue-chip pharma companies as well as commercial partnerships for its marketed products.