Grant of Awards to New MultiPlan Executive Officers under NYSE Listing Rules
MultiPlan (NYSE:MPLN) has announced the grant of employment inducement awards to two recently appointed executives. Douglas Garis, the new Executive Vice President, Chief Financial Officer, and Treasurer, received 4,901,960 stock options vesting over three years from August 5, 2024, and 3,571,428 restricted stock units vesting over three years from August 5, 2025. William Mintz, the new Senior Vice President of Corporate Affairs and Strategy, was granted 1,928,571 restricted stock units vesting over four years from August 5, 2024.
These awards were granted outside the Company's 2020 Omnibus Incentive Plan but will generally be subject to similar terms and conditions. The Compensation Committee approved these awards under the employment inducement exception to shareholder approval, as per NYSE Listed Company Manual Section 303A.08.
MultiPlan (NYSE:MPLN) ha annunciato l'assegnazione di premi di incentivazione all'occupazione a due neoeletto dirigenti. Douglas Garis, il nuovo Vice Presidente Esecutivo, Direttore Finanziario e Tesoriere, ha ricevuto 4.901.960 opzioni su azioni che matureranno in tre anni a partire dal 5 agosto 2024, e 3.571.428 unità di azioni vincolate che matureranno in tre anni dal 5 agosto 2025. William Mintz, il nuovo Vice Presidente Senior per gli Affari Aziendali e la Strategia, ha ricevuto 1.928.571 unità di azioni vincolate che matureranno in quattro anni dal 5 agosto 2024.
Questi premi sono stati concessi al di fuori del Piano di Incentivazione Omnibus 2020 della Società, ma saranno generalmente soggetti a termini e condizioni simili. Il Comitato di Compensazione ha approvato questi premi ai sensi dell'eccezione di incentivazione all'occupazione all'approvazione degli azionisti, in conformità con la Sezione 303A.08 del Manuale delle Società quotate NYSE.
MultiPlan (NYSE:MPLN) ha anunciado la concesión de premios de inducción al empleo a dos ejecutivos recientemente nombrados. Douglas Garis, el nuevo Vicepresidente Ejecutivo, Director Financiero y Tesorero, recibió 4,901,960 opciones de acciones que se otorgarán durante tres años a partir del 5 de agosto de 2024, y 3,571,428 unidades de acciones restringidas que se otorgarán durante tres años a partir del 5 de agosto de 2025. William Mintz, el nuevo Vicepresidente Senior de Asuntos Corporativos y Estrategia, recibió 1,928,571 unidades de acciones restringidas que se otorgarán durante cuatro años a partir del 5 de agosto de 2024.
Estos premios se otorgaron fuera del Plan de Incentivos Omnibus 2020 de la Compañía, pero en general estarán sujetos a términos y condiciones similares. El Comité de Compensación aprobó estos premios bajo la excepción de inducción al empleo a la aprobación de los accionistas, conforme a la Sección 303A.08 del Manual de Empresas Cotizadas en NYSE.
MultiPlan (NYSE:MPLN)은 최근 임명된 두 명의 경영진에게 고용 유인 보상을 지급한다고 발표했습니다. 더글라스 가리스, 새로운 집행 부사장 겸 CFO 및 재무 이사는 2024년 8월 5일부터 3년 동안 배분되는 4,901,960 주식 옵션과 2025년 8월 5일부터 3년 동안 배분되는 3,571,428 제한적 주식 단위를 수여받았습니다. 윌리엄 민츠, 새로운 기업 관계 및 전략 선임 부사장은 2024년 8월 5일부터 4년 동안 배분되는 1,928,571 제한적 주식 단위를 부여받았습니다.
이 보상은 회사의 2020년 포괄적 인센티브 계획 밖에서 지급되었지만, 일반적으로 유사한 조건과 조항이 적용됩니다. 보상 위원회는 NYSE 상장 기업 매뉴얼 섹션 303A.08에 따라 주주 승인의 고용 유인 예외에 따라 이러한 보상을 승인했습니다.
MultiPlan (NYSE:MPLN) a annoncé l'octroi de récompenses d'incitation à l'emploi à deux dirigeants récemment nommés. Douglas Garis, le nouveau Vice-Président Exécutif, Directeur Financier et Trésorier, a reçu 4.901.960 options d'achat d'actions devenant acquises sur trois ans à partir du 5 août 2024, ainsi que 3.571.428 unités d'actions restreintes devenant acquises sur trois ans à partir du 5 août 2025. William Mintz, le nouveau Vice-Président Senior des Affaires Corporelles et de la Stratégie, a reçu 1.928.571 unités d'actions restreintes devenant acquises sur quatre ans à partir du 5 août 2024.
Ces récompenses ont été accordées en dehors du Plan d'Incitation Omnibus de 2020 de la société, mais seront généralement soumises à des termes et conditions similaires. Le Comité de Rémunération a approuvé ces récompenses en vertu de l'exception d'incitation à l'emploi à l'approbation des actionnaires, conformément à la Section 303A.08 du Manuel des Sociétés Cotées à la NYSE.
MultiPlan (NYSE:MPLN) hat die Gewährung von Anreiz-Auszeichnungen für zwei neu ernannte Führungskräfte bekannt gegeben. Douglas Garis, der neue Executive Vice President, Chief Financial Officer und Treasurer, erhielt 4.901.960 Aktienoptionen, die über drei Jahre ab dem 5. August 2024 unverfallbar werden, sowie 3.571.428 beschränkte Aktieneinheiten, die über drei Jahre ab dem 5. August 2025 unverfallbar werden. William Mintz, der neue Senior Vice President für Unternehmensangelegenheiten und Strategie, wurde 1.928.571 beschränkte Aktieneinheiten gewährt, die über vier Jahre ab dem 5. August 2024 unverfallbar werden.
Diese Auszeichnungen wurden außerhalb des Omnibus-Incentive-Plans 2020 des Unternehmens gewährt, unterliegen jedoch im Allgemeinen ähnlichen Bedingungen und Bestimmungen. Der Vergütungsausschuss genehmigte diese Auszeichnungen gemäß der Anreiz-Ausnahme für Beschäftigte ohne Aktionärsapproval gemäß Abschnitt 303A.08 des Handbuchs für börsennotierte Unternehmen der NYSE.
- Appointment of new executive talent in key positions
- Alignment of executive interests with shareholders through equity-based compensation
- Potential dilution of existing shareholders due to new stock options and restricted stock units
MultiPlan also announced that it has granted to William Mintz, the Company’s recently appointed Senior Vice President, Corporate Affairs and Strategy, on August 5, 2024, employment inducement awards consisting of 1,928,571 restricted stock units with such units vesting over a four-year period from August 5, 2024, in substantially equal annual installments, subject to Mr. Mintz’s continued employment. These awards were granted to Mr. Mintz pursuant to the terms of his offer letter.
These awards were granted outside the Plan, but except as set forth in the award agreements, will generally be subject to the same terms and conditions as apply to the applicable awards granted under the Company’s 2020 Omnibus Incentive Plan, as amended. The Compensation Committee of MultiPlan’s Board of Directors approved these employment inducement awards in reliance on the employment inducement exception to shareholder approval provided under Section 303A.08 of the NYSE Listed Company Manual. To comply with the terms of this exemption, these employment inducement awards require public announcement of the awards and written notice to the NYSE.
About MultiPlan
MultiPlan is committed to bending the cost curve in healthcare by delivering transparency, fairness, and affordability to the US healthcare system. Our focus is on identifying medical savings, helping to lower out-of- pocket costs, and reducing or eliminating balance billing for healthcare consumers. Leveraging sophisticated technology, data analytics, and a team rich with industry experience, MultiPlan interprets customers’ needs and customizes innovative solutions that combine its payment and revenue integrity, network-based, data and decision science, and analytics-based services. MultiPlan delivers value to more than 700 healthcare payors, over 100,000 employers, 60 million consumers, and 1.4 million contracted providers. For more information, visit multiplan.com.
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Investor Relations
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MultiPlan
866-909-7427
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MultiPlan
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Source: MultiPlan Corporation
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