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

Rhea-AI Summary

On August 1, 2022, eHealth, Inc. (NASDAQ: EHTH) granted an inducement stock unit award to Gavin Galimi, recently appointed as SVP, General Counsel, and Secretary, under its Amended and Restated 2021 Inducement Plan. The award comprises 79,444 shares with a four-year vesting schedule: 25% vesting on the first anniversary and the remainder quarterly over three years, contingent on continued employment. This grant complies with Nasdaq Listing Rule 5635(c)(4) and aims to incentivize Mr. Galimi's acceptance of the role.

Positive

• Inducement stock unit award granted to new SVP to enhance leadership retention.
• Total of 79,444 shares awarded, potentially boosting team morale and performance.

Negative

• None.

SANTA CLARA, Calif., Aug. 4, 2022 /PRNewswire/ -- eHealth, Inc. (NASDAQ: EHTH) (eHealth.com), a leading private online health insurance marketplace (the "Company"), today announced that on August 1, 2022, the Compensation Committee of its Board of Directors granted an inducement stock unit award to Gavin Galimi, who joined the Company as SVP, General Counsel and Secretary of the Company on June 27, 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 79,444 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 June 10, 2022, and the remainder vesting in equal quarterly installments over the subsequent three years, subject to Mr. Galimi'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 Mr. Galimi'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

 

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SOURCE eHealth, Inc.

FAQ

What is the inducement stock award granted to Gavin Galimi at eHealth?

Gavin Galimi received an inducement stock unit award of 79,444 shares, vesting over four years.

When was the stock unit award granted to Gavin Galimi?

The award was granted on August 1, 2022.

What is the purpose of the stock unit award for eHealth's new SVP?

The award is intended to incentivize Mr. Galimi's acceptance of his new role at eHealth.

How does the stock unit award vest over time?

25% of the award vests on the first anniversary, with the remainder vesting quarterly over the next three years.

Which Nasdaq rule governs the inducement stock unit award at eHealth?

The award was granted in accordance with Nasdaq Listing Rule 5635(c)(4).