eHealth, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
eHealth, Inc. (NASDAQ: EHTH) announced on October 12, 2022 that it granted an inducement stock unit award to Michelle Barbeau, the new Chief Marketing Officer, effective September 6, 2022.
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Rhea-AI Summary
eHealth, Inc. (NASDAQ: EHTH) announced on October 12, 2022 that it granted an inducement stock unit award to Michelle Barbeau, the new Chief Marketing Officer, effective September 6, 2022. The award consists of 150,376 shares, vesting over four years with 25% vesting on the first anniversary of the vesting start date of September 10, 2022. This grant is in line with Nasdaq Listing Rule 5635(c)(4) and aims to attract talent to the company.
Positive
- Inducement stock unit award of 150,376 shares granted to attract the new CMO.
- Vesting schedule aligns with long-term commitment of the executive.
Negative
- None.
Details
News Market Reaction – EHTH
The recorded move for EHTH in the trading session of this news was +1.31%.
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SANTA CLARA, Calif., Oct. 14, 2022 /PRNewswire/ -- eHealth, Inc. (NASDAQ: EHTH) (eHealth.com), a leading private online health insurance marketplace (the "Company"), today announced that on October 12, 2022, the Compensation Committee of its Board of Directors granted an inducement stock unit award to Michelle Barbeau, who joined the Company as Chief Marketing Officer of the Company on September 6, 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 150,376 shares of the Company's common stock and will be subject to vesting over four years, with
The stock unit award was granted as an inducement material to Ms. Barbeau's accepting employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
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.
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