Agenus grants CEO Garo Armen 1,971,500 performance-based stock options at $7.78 per share

Reuters2026/08/13 10:06

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Agenus set a one-time performance-based stock option award for Chairman and CEO Garo H. Armen on Aug. 10, 2026.
Award totals 1,971,500 performance-based stock options with a 10-year term.
Exercise price set at $7.78 per share, above the Aug. 10 close, matching management grants from Aug. 5.
Vesting tied to sustaining 30 days at 3x to 8x of $7.78 within five years, with a three-year service minimum.
Unvested options forfeit on any termination, including change in control; no acceleration; post-exercise shares generally held one year.

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. Agenus 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: 0001193125-26-347518), on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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