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

Teladoc Health (NYSE: TDOC) granted an employment inducement award to new BetterHelp Head of Product, David Packles.

Rhea-AI Summary

Teladoc Health (NYSE: TDOC) granted an employment inducement award to new BetterHelp Head of Product, David Packles. Effective July 1, 2026, he received 50,000 restricted stock units of common stock.

The RSUs vest one-third after one year, then quarterly over two additional years, under the 2023 Employment Inducement Incentive Award Plan pursuant to NYSE Rule 303A.08.

Argus Jul 6 session

+0.98% close to close Open Argus

Details

News Market Reaction – TDOC

On Jul 6, the first trading day after this news, TDOC closed 0.98% above the previous close.

Data tracked by StockTitan Argus for the Jul 6 session.

Key Figures

Inducement RSU grant: 50,000 shares Par value: $0.001 per share Grant effective date: July 1, 2026 +2 more

Inducement RSU grant

50,000 shares

Restricted stock units for new Head of Product of BetterHelp

Par value

$0.001 per share

Common Stock underlying the inducement RSU award

Grant effective date

July 1, 2026

Effective date of inducement RSU award

Initial vesting portion

One-third of shares

Vests on first anniversary of grant date

Remaining vesting period

Two years

Remainder of RSUs vests quarterly over two years after first anniversary

Historical Context

5 past events · Latest: Jun 29

5 events

1. Jun 29

   leadership appointment

   24h Move

   +3.6%

   Veteran sales executive appointed EVP of Sales to drive revenue growth.

2. May 28

   commercial partnership

   24h Move

   +14.0%

   Virtual care services added to Walmart’s Better Care platform, broadening access.

3. May 14

   quality initiative

   24h Move

   -2.6%

   BetterHelp joined a patient safety organization to enhance virtual mental health care.

4. Apr 29

   earnings report

   24h Move

   +1.9%

   Q1 2026 revenue $613.8M, modest decline, outlook reaffirmed, EBITDA flat.

5. Apr 15

   earnings date notice

   24h Move

   +5.0%

   Announced timing and webcast details for Q1 2026 results release.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

restricted stock units, par value, employment inducement award

3 terms

restricted stock units financial

"was granted an award of restricted stock units covering 50,000 shares"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

par value financial

"common stock, par value $0.001 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

employment inducement award financial

"2023 Employment Inducement Incentive Award Plan as an employment inducement award"

An employment inducement award is a grant of company stock, options, or other equity given to a new hire as a joining bonus to encourage them to work for the company. Like a signing bonus in cash, it ties the employee’s pay to the company’s future value and often vests over time. Investors care because these awards increase outstanding shares and compensation costs, affecting per‑share value and motivating executives to meet performance goals.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, July 03, 2026 (GLOBE NEWSWIRE) -- Teladoc Health, Inc. (NYSE: TDOC), the global leader in virtual care, today announced that it issued an inducement award to a new employee.

Effective July 1, 2026, in connection with commencing employment as Head of Product of BetterHelp, David Packles was granted an award of restricted stock units covering 50,000 shares of Teladoc Health’s common stock, par value $0.001 per share (“Common Stock”). 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 award was approved by the Compensation Committee of the Board of Directors of Teladoc Health and was granted under the Teladoc Health, Inc. 2023 Employment Inducement Incentive Award Plan as an employment inducement award pursuant to New York Stock Exchange Rule 303A.08.

About Teladoc Health
Teladoc Health (NYSE: TDOC) is the global leader in virtual care. The company is delivering and orchestrating care across patients, care providers, platforms, and partners — transforming virtual care into a catalyst for how better health happens. Through our relationships with health plans, employers, providers, health systems and consumers, we are enabling more access, driving better outcomes, extending provider capacity and lowering costs. Learn more at teladochealth.com.

Media:
Lou Serio
202-569-9715
PR@teladochealth.com

FAQ

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

What inducement award did Teladoc Health (TDOC) grant on July 1, 2026?

Teladoc Health granted an inducement award of 50,000 restricted stock units effective July 1, 2026. According to Teladoc Health, these RSUs relate to the new Head of Product role at BetterHelp and are tied to continued service-based vesting.

Who received the new Teladoc Health (TDOC) inducement RSU award and why?

The award was granted to David Packles in connection with starting as Head of Product of BetterHelp. According to Teladoc Health, the grant is an employment inducement award intended to support his recruitment and align compensation with company performance.

How do the 50,000 Teladoc Health (TDOC) RSUs vest for the BetterHelp Head of Product?

The 50,000 RSUs vest based on continued service, with one-third vesting on the first anniversary of the grant. According to Teladoc Health, the remaining two-thirds vest quarterly over the following two years, creating a three-year total vesting schedule.

Under which plan and NYSE rule was Teladoc Health’s July 2026 inducement award granted?

The award was granted under the Teladoc Health 2023 Employment Inducement Incentive Award Plan. According to Teladoc Health, it qualifies as an employment inducement grant made pursuant to New York Stock Exchange Rule 303A.08 for newly hired employees.

What type of Teladoc Health (TDOC) shares back the 50,000 RSUs granted to David Packles?

The RSUs cover 50,000 shares of Teladoc Health common stock, with a par value of $0.001 per share. According to Teladoc Health, these units represent a right to receive common shares upon vesting, subject to continued service conditions.