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

eHealth (NASDAQ: EHTH) has announced the granting of inducement stock unit awards to two new employees, totaling 13,000 shares of common stock.

Rhea-AI Summary

eHealth (NASDAQ: EHTH) has announced the granting of inducement stock unit awards to two new employees, totaling 13,000 shares of common stock. The grants, approved by the Compensation Committee of the Board of Directors on January 2, 2025, were made under the company's Amended and Restated 2021 Inducement Plan.

The awards feature a three-year vesting schedule, with one-third of the shares vesting annually on the first, second, and third anniversary of the vesting commencement date. Continued employment with eHealth is required through each vesting date. These stock unit awards were granted as inducement material for new employees joining the company, in compliance with Nasdaq Listing Rule 5635(c)(4).

Positive

• Implementation of employee retention strategy through equity-based compensation
• Alignment of employee interests with shareholder value through stock awards

Negative

• Potential dilution of existing shareholders' equity with 13,000 new shares

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AUSTIN, Texas, Jan. 6, 2025 /PRNewswire/ -- eHealth, Inc. (Nasdaq: EHTH) (ehealth.com), a leading private online health insurance marketplace (the "Company"), today announced that on January 2, 2025, the Compensation Committee of its Board of Directors granted inducement stock unit awards to two new employees covering an aggregate of 13,000 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 each vesting date. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares were granted in eHealth's (EHTH) January 2025 inducement awards?

eHealth granted inducement stock unit awards covering 13,000 shares of common stock to two new employees.

What is the vesting schedule for EHTH's January 2025 inducement stock awards?

The awards vest over three years, with one-third of the shares vesting on each of the first, second, and third anniversary of the vesting commencement date.

Under which plan were EHTH's January 2025 inducement awards granted?

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

What is the purpose of EHTH's January 2025 stock unit awards?

The stock unit awards were granted as inducements material to attract new employees to join eHealth, in accordance with Nasdaq Listing Rule 5635(c)(4).