Amwell Makes Grants to New Employees Under Inducement Plan
Amwell (NYSE: AMWL) announced equity compensation grants to new employees under its Inducement Plan. The company granted 254,227 restricted stock units (RSUs) to Mark Hirschhorn, its new CFO, with 25% vesting immediately and the remaining 75% vesting quarterly over three years. Hirschhorn is also eligible for an additional $5 million grant subject to EBITDA targets and company valuation goals, vesting annually over four years. Additionally, 5,084 RSUs were granted to two other new employees, with 25% vesting after one year and the remaining 75% vesting quarterly over three years.
Amwell (NYSE: AMWL) ha annunciato la concessione di compensi in azioni ai nuovi dipendenti nell'ambito del suo Piano di Induzione. L'azienda ha concesso 254.227 unità di azioni vincolate (RSUs) a Mark Hirschhorn, il suo nuovo CFO, con il 25% che matura immediatamente e il restante 75% che matura trimestralmente nel corso di tre anni. Hirschhorn è anche idoneo per una ulteriore assegnazione di 5 milioni di dollari soggetta a obiettivi di EBITDA e a valutazioni aziendali, con maturazione annuale nel corso di quattro anni. Inoltre, 5.084 RSUs sono state assegnate ad altri due nuovi dipendenti, con il 25% che matura dopo un anno e il restante 75% che matura trimestralmente nel corso di tre anni.
Amwell (NYSE: AMWL) anunció la concesión de compensaciones en acciones a nuevos empleados bajo su Plan de Inducción. La empresa otorgó 254.227 unidades de acciones restringidas (RSUs) a Mark Hirschhorn, su nuevo CFO, con el 25% adquiriendo derechos inmediatamente y el 75% restante adquiriendo derechos trimestralmente durante tres años. Hirschhorn también es elegible para una asignación adicional de 5 millones de dólares sujeta a objetivos de EBITDA y metas de valoración de la empresa, adquiriendo derechos anualmente durante cuatro años. Además, se otorgaron 5.084 RSUs a otros dos nuevos empleados, con el 25% adquiriendo derechos después de un año y el 75% restante adquiriendo derechos trimestralmente durante tres años.
Amwell (NYSE: AMWL)은 유도 계획에 따라 새로운 직원들에게 주식 보상 승인을 발표했습니다. 이 회사는 새로운 CFO인 Mark Hirschhorn에게 254,227개의 제한 주식 단위(RSU)를 부여했으며, 25%는 즉시 확정되고 나머지 75%는 3년 동안 분기별로 확정됩니다. Hirschhorn은 EBITDA 목표와 회사 가치 목표에 따라 추가 500만 달러 보상도 받을 수 있으며, 이는 4년 동안 매년 확정됩니다. 또한, 5,084 RSU가 다른 두 명의 신입 직원에게 부여되었으며, 25%는 1년 후에 확정되고 나머지 75%는 3년 동안 분기별로 확정됩니다.
Amwell (NYSE: AMWL) a annoncé des attributions de compensation en actions aux nouveaux employés dans le cadre de son Plan d'Induction. La société a accordé 254.227 unités d'actions restreintes (RSUs) à Mark Hirschhorn, son nouveau CFO, avec 25% devenant acquises immédiatement et les 75% restants devenant acquises trimestriellement sur trois ans. Hirschhorn est également éligible à un octroi supplémentaire de 5 millions de dollars soumis à des objectifs d'EBITDA et de valorisation de l'entreprise, avec acquisition annuelle sur quatre ans. De plus, 5.084 RSUs ont été accordées à deux autres nouveaux employés, avec 25% devenant acquises après un an et les 75% restants devenant acquises trimestriellement sur trois ans.
Amwell (NYSE: AMWL) hat die Gewährung von Eigenkapitalvergütungen an neue Mitarbeiter im Rahmen seines Induktionsplans bekannt gegeben. Das Unternehmen gewährte 254.227 eingeschränkte Aktieneinheiten (RSUs) an Mark Hirschhorn, seinen neuen CFO, wobei 25% sofort fällig werden und die verbleibenden 75% vierteljährlich über drei Jahre hinweg fällig werden. Hirschhorn ist zudem für eine zusätzliche Gewährung von 5 Millionen Dollar berechtigt, die an EBITDA-Ziele und Unternehmensbewertungsziele gebunden ist und über vier Jahre hinweg jährlich fällig wird. Außerdem wurden 5.084 RSUs an zwei weitere neue Mitarbeiter vergeben, wobei 25% nach einem Jahr und die verbleibenden 75% vierteljährlich über drei Jahre fällig werden.
- Performance-based compensation structure aligns executive interests with shareholder value
- Structured vesting schedule helps retain key executives and employees
- Potential dilution of existing shareholders through new RSU issuance
- Additional $5 million compensation commitment increases company expenses
Insights
BOSTON, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Amwell® (NYSE: AMWL), a leader in digital care, today announced that, on November 4, 2024, it made a grant of restricted stock units (“RSUs”) covering 254,227 shares of its Class A common stock to Mark Hirschhorn. The grant was offered as material inducement to Mr. Hirschhorn’s employment as Amwell’s chief financial officer. The RSUs become vested as follows, subject to Mr. Hirschhorn’s continued employment through each vesting date, except as noted below:
In addition, on November 4, 2024, Amwell made a grant of RSUs covering 5,084 shares of its Class A common stock to two new employees. The grants were offered as material inducement to the employees’ employment with Amwell. The RSUs become vested as follows, subject to the applicable employee’s continued employment through each vesting date:
The grants described in this press release were approved by the Compensation Committee of the Amwell’s Board of Directors pursuant to the Amwell’s Inducement Plan and made in reliance on the employment inducement exemption under the NYSE’s Listed Company Manual Rule 303A.08. Amwell is issuing this press release pursuant to Rule 303A.08.
About Amwell
Amwell is a leading hybrid care, delivery enablement platform in the United States and globally, connecting and enabling providers, payers, patients, and innovators to deliver greater access to more affordable, higher quality care. Amwell believes that hybrid care delivery will transform healthcare. We offer a single, comprehensive platform to support all digital health needs from urgent to acute and post-acute care, as well as chronic care management and healthy living. With nearly two decades of experience, Amwell powers the digital care of more than 50 health plans, which collectively represent more than 100 million covered lives, and many of the nation’s largest health systems. For more information, please visit https://business.amwell.com/.
©2024 American Well Corporation. All rights reserved. Amwell®, SilverCloud®, Amwell Converge™, Carepoint™ and the Amwell Logo are registered trademarks or trademarks of American Well Corporation.
FAQ
How many RSUs did Amwell (AMWL) grant to its new CFO Mark Hirschhorn?
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