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

Rhea-AI Summary

Teladoc Health (NYSE:TDOC) has granted inducement awards to two new non-executive employees, effective November 1, 2024. The awards consist of restricted stock units covering 70,575 shares of common stock. The vesting schedule includes one-third of shares on the first anniversary, with the remaining shares vesting quarterly over the following two years. These awards were approved by the Compensation Committee under the 2023 Employment Inducement Incentive Award Plan, complying with NYSE Rule 303A.08.

Positive

• Strategic talent acquisition with equity-based compensation to align employee interests with shareholders

Negative

• Potential shareholder dilution from issuance of 70,575 new shares

News Market Reaction

-2.94%

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-2.94% News Effect

On the day this news was published, TDOC declined 2.94%, reflecting a moderate negative market reaction.

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PURCHASE, NY, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Teladoc Health, Inc. (NYSE:TDOC), the global leader in whole-person virtual care, today announced that it issued inducement awards to two new employees.

Effective November 1, 2024, in connection with commencing employment, two new non-executive employees of Teladoc Health were granted awards of restricted stock units covering an aggregate of 70,575 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 were granted in Teladoc Health's (TDOC) November 2024 inducement awards?

Teladoc Health granted restricted stock units covering 70,575 shares of common stock to two new non-executive employees.

What is the vesting schedule for Teladoc Health's (TDOC) November 2024 inducement awards?

The restricted stock units vest one-third on the first anniversary of the grant date, with the remainder vesting quarterly over two years thereafter.

When did Teladoc Health (TDOC) issue the November 2024 inducement awards?

The inducement awards were issued effective November 1, 2024, in connection with two new employees commencing employment.