eHealth, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Rhea-AI Summary

On November 9, 2022, eHealth, Inc. (Nasdaq: EHTH) announced the granting of an inducement stock unit award to Jana Brown, newly appointed Senior Vice President, Chief People Officer. The award involves 214,900 shares, vesting over four years with 25% on the first anniversary and the remainder quarterly. This grant is in accordance with Nasdaq Listing Rule 5635(c)(4) and aims to incentivize Brown's acceptance of employment. eHealth operates a leading health insurance marketplace, connecting over eight million members with various health plans.

Positive

• Inducement stock unit award of 214,900 shares aims to attract and retain senior talent.
• Vesting schedule encourages long-term commitment from new executive.

Negative

• None.

SANTA CLARA, Calif., Nov. 15, 2022 /PRNewswire/ -- eHealth, Inc. (Nasdaq: EHTH) (eHealth.com), a leading private online health insurance marketplace (the "Company"), today announced that on November 9, 2022, the Compensation Committee of its Board of Directors granted an inducement stock unit award to Jana Brown, who joined the Company as Senior Vice President, Chief People Officer of the Company on October 10, 2022. The award was granted under the Company's Amended and Restated 2021 Inducement Plan (the "Inducement Plan") and otherwise will be subject to the terms and conditions of a stock unit agreement under the Inducement Plan.

The stock unit award covers 214,900 shares of the Company's common stock and will be subject to vesting over four years, with 25% vesting on the first anniversary of the vesting commencement date of October 10, 2022, and the remainder vesting in equal quarterly installments over the subsequent three years, subject to Ms. Brown's continued service with the Company through the vesting date and potential acceleration upon certain terminations of employment.  

The stock unit award was granted as an inducement material to Ms. Brown's accepting employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

About eHealth, Inc.

eHealth, Inc. (Nasdaq: EHTH) operates a leading health insurance marketplace at eHealth.com and eHealthMedicare.com with technology that provides consumers with health insurance enrollment solutions. Since 1997, we have connected more than eight million members with quality, affordable health insurance, Medicare options, and ancillary plans. Our proprietary marketplace offers Medicare Advantage, Medicare Supplement, Medicare Part D prescription drug, individual, family, small business, and other plans from approximately 200 health insurance carriers across fifty states and the District of Columbia.

Media inquiries, please contact pr@ehealth.com

Investor Relations Contact:
Kate Sidorovich, CFA
Senior Vice President, Investor Relations & Strategy
Kate.Sidorovich@ehealth.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ehealth-inc-announces-inducement-grant-under-nasdaq-listing-rule-5635c4-301679202.html

SOURCE eHealth, Inc.

FAQ

What is the significance of the inducement stock unit award granted to Jana Brown at eHealth?

The inducement stock unit award aims to attract senior talent and aligns the executive's interests with shareholder value.

What are the vesting terms for Jana Brown's stock unit award at eHealth?

The award vests over four years, with 25% on the first anniversary and the remainder in quarterly installments.

Under which Nasdaq rule did eHealth grant the stock award to Jana Brown?

The stock award was granted in accordance with Nasdaq Listing Rule 5635(c)(4), which allows for inducement grants.

How many shares were included in Jana Brown's inducement grant at eHealth?

Jana Brown received an inducement grant covering 214,900 shares of eHealth's common stock.