Teladoc Health Announces Employee Inducement Awards under NYSE Rule 303A.08

Rhea-AI Summary

Teladoc Health (NYSE:TDOC), the global leader in whole-person virtual care, has announced the issuance of inducement awards to three new non-executive employees. Effective October 1, 2024, these employees were granted awards of restricted stock units covering a total of 105,000 shares of Teladoc Health's common stock. The vesting schedule for these units is as follows:

• One-third of the underlying shares vest on the first anniversary of the grant date
• The remaining shares vest quarterly over the subsequent two years

These awards were approved by the Compensation Committee of Teladoc Health's Board of Directors and were granted under the company's 2023 Employment Inducement Incentive Award Plan, in compliance with New York Stock Exchange Rule 303A.08.

Positive

• Attraction of new talent with stock-based compensation
• Alignment of employee interests with company performance through equity grants

Negative

• Potential dilution of existing shareholders' equity

News Market Reaction

-4.42%

1 alert

-4.42% News Effect

On the day this news was published, TDOC declined 4.42%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

PURCHASE, NY, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Teladoc Health, Inc. (NYSE:TDOC), the global leader in whole-person virtual care, today announced that it issued inducement awards to three new employees.

Effective October 1, 2024, in connection with commencing employment, three new non-executive employees of Teladoc Health were granted awards of restricted stock units covering an aggregate of 105,000 shares of Teladoc Health’s common stock, par value $0.001 per share. The restricted stock units vest, based on continued service to Teladoc Health, as to one-third of the underlying shares on the first anniversary of the grant date, with the remainder vesting quarterly over two years thereafter. The awards were approved by the Compensation Committee of the Board of Directors of Teladoc Health and were granted under the Teladoc Health, Inc. 2023 Employment Inducement Incentive Award Plan as employment inducement awards pursuant to New York Stock Exchange Rule 303A.08.

About Teladoc Health

Teladoc Health empowers all people everywhere to live their healthiest lives by transforming the healthcare experience. As the world leader in whole-person virtual care, Teladoc Health uses proprietary health signals and personalized interactions to drive better health outcomes across the full continuum of care, at every stage in a person’s health journey. Teladoc Health leverages more than two decades of expertise and data-driven insights to meet the growing virtual care needs of consumers and healthcare professionals. For more information, please visit www.teladochealth.com.

Media:
Chris Stenrud
860-491-8821
pr@teladochealth.com

FAQ

How many shares of restricted stock units did Teladoc Health (TDOC) grant to new employees?

Teladoc Health (TDOC) granted restricted stock units covering an aggregate of 105,000 shares of its common stock to three new non-executive employees.

What is the vesting schedule for the restricted stock units granted by Teladoc Health (TDOC)?

The restricted stock units vest as follows: one-third of the underlying shares on the first anniversary of the grant date, with the remainder vesting quarterly over two years thereafter, based on continued service to Teladoc Health.

Under which plan were the inducement awards granted by Teladoc Health (TDOC)?

The inducement awards were granted under the Teladoc Health, Inc. 2023 Employment Inducement Incentive Award Plan, in compliance with New York Stock Exchange Rule 303A.08.

When did Teladoc Health (TDOC) issue the inducement awards to new employees?

Teladoc Health (TDOC) issued the inducement awards effective October 1, 2024, in connection with the new employees commencing employment.