Alector (ALEC) Proxy filing summary

Executive summary

• The annual meeting is scheduled for June 17, 2026, to be held virtually, with voting on director elections, auditor ratification, and executive compensation approval.

• The record date for voting is April 20, 2026, with 111,025,187 shares of common stock outstanding.

• Proxy materials are primarily distributed electronically, with options for paper copies upon request.

Voting matters and shareholder proposals

• Shareholders will vote on electing three Class II directors, ratifying Ernst & Young LLP as auditor for 2026, and an advisory say-on-pay vote for executive compensation.

• The board recommends voting FOR all proposals.

• Shareholder proposals for the 2027 meeting must be submitted by December 29, 2026, for proxy inclusion, or between February 12 and March 14, 2027, for other business or nominations.

Board of directors and corporate governance

• The board consists of eight members, six of whom are independent under Nasdaq rules.

• Directors are divided into three staggered classes, with annual elections for one class.

• The board is led by an independent chairperson, Louis J. Lavigne, Jr.

• Committees include Audit, Compensation, and Corporate Governance and Nominating, each with defined responsibilities and independent membership.

• The board emphasizes diversity, regular risk oversight, and executive sessions of independent directors.