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

Rhea-AI Summary

On July 3, 2024, eHealth, a prominent online health insurance marketplace, announced that its Compensation Committee granted inducement stock unit awards to two new employees on July 1, 2024. The awards cover a total of 15,000 shares of eHealth's common stock.

The grants were made under the company’s Amended and Restated 2021 Inducement Plan. The units will vest over a period of three years, with one-third of the shares vesting each year, contingent on the employees’ continued service. The awards are meant to attract and retain talent, as per Nasdaq Listing Rule 5635(c)(4).

Positive

• Granted inducement stock unit awards for 15,000 shares to attract and retain new employees.
• Stock units vest over three years, encouraging employee retention and stability.

Negative

• None.

AUSTIN, Texas, July 3, 2024 /PRNewswire/ -- eHealth, Inc. (Nasdaq: EHTH), a leading private online health insurance marketplace (the "Company"), today announced that on July 1, 2024, the Compensation Committee of its Board of Directors granted inducement stock unit awards to two new employees covering an aggregate of 15,000 shares of the Company's common stock. Each of these awards 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.

Each of the awards will be subject to vesting over three years, with one-third of the shares vesting on each of the first, second and third anniversary of such award's vesting commencement date, subject to such employee's continued service with the Company through the vesting date and potential acceleration upon certain terminations of employment. The stock unit awards were granted as inducements material to each new employee's entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

About eHealth, Inc.
We are Matchmakers. For over 25 years, eHealth has helped millions of Americans find the health coverage that fits their needs at a price they can afford. As a leading independent licensed insurance agency and advisor, eHealth offers across to over 180 health insurers, including national and regional companies.

For more information, visit ehealth.com or follow us on LinkedIn, Facebook, Instagram, and X. Open positions can be found on our career page. 

Media Inquiries:
Lara Sasken
Chief Communications Officer
pr@ehealth.com

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

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SOURCE eHealth, Inc.

FAQ

What recent stock grants did eHealth (EHTH) announce?

eHealth announced inducement stock unit awards covering 15,000 shares on July 1, 2024.

When were the inducement grants by eHealth (EHTH) issued?

The inducement grants were issued on July 1, 2024.

Under what plan were eHealth's (EHTH) recent stock unit awards granted?

The stock unit awards were granted under eHealth's Amended and Restated 2021 Inducement Plan.

What is the vesting period for eHealth's (EHTH) recent stock unit awards?

The stock unit awards will vest over three years, with one-third vesting each year.

How many shares are covered by eHealth's (EHTH) inducement stock unit awards?

The inducement stock unit awards cover a total of 15,000 shares.