agilon health (NYSE: AGL) boosts CFO equity with 600,000 RSUs, $3.75M 2026 grant

Rhea-AI Filing Summary

agilon health, inc. reported that it entered into an Amended and Restated Employment Agreement with its Chief Financial Officer and Executive Vice President, Jeffrey Schwaneke, effective January 1, 2026. The updated agreement is described as substantially the same as his prior agreement, with key changes focused on equity compensation and severance terms.

Under the new agreement, Mr. Schwaneke will receive a one-time grant of 600,000 restricted stock units (RSUs) scheduled to vest annually over three years. If he is employed when agilon grants annual equity awards for fiscal year 2026 to its executive officers, he is to receive awards with an aggregate grant-date fair value of $3,750,000, with terms consistent with other executives. He will also be eligible for annual equity awards for fiscal year 2027 in the ordinary course.

If his employment is terminated by the company without cause (and not due to death or disability) before 18 months after January 1, 2026, the agreement provides cash severance equal to 12 months of base salary and target annual bonus, plus continued vesting of equity awards granted under this agreement as if his employment had not ended, subject to a release of claims. The same continued vesting treatment applies if he voluntarily resigns more than 18 months after January 1, 2026.

0001831097FALSE00018310972025-12-312025-12-31

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_____________________________________________

FORM 8-K

_____________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 31, 2025

_____________________________________________

agilon health, inc.

(Exact name of Registrant as Specified in Its Charter)

_____________________________________________

Delaware

001-40332

37-1915147

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

440 Polaris Parkway, Suite 550

Westerville, Ohio

43082

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: 562 256-3800

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

_____________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.01 per share

AGL

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Compensatory Arrangements of Certain Officers

On December 31, 2025, agilon health, inc. (the “Company”) entered into an Amended and Restated Employment Agreement with Jeffrey Schwaneke, the Company’s Chief Financial Officer and Executive Vice President (the “Amended Employment Agreement”), effective as of January 1, 2026. The Employment Agreement amends and restates Mr. Schwaneke’s prior Employment Agreement with the Company, dated June 3, 2024 and as previously disclosed by the Company (the “Prior Employment Agreement”). The Amended Employment Agreement is substantially the same as the Prior Employment Agreement, except as noted below.

The Amended Employment Agreement provides for: (i) a one-time equity award of 600,000 restricted stock units (“RSUs”) to be granted by the Company that are scheduled to vest annually over three years; (ii) if Mr. Schwaneke is employed with the Company when the Company grants annual equity awards for fiscal year 2026 to its executive officers generally, the Company will grant Mr. Schwaneke annual equity awards for fiscal year 2026 having an aggregate grant-date fair value of $3,750,000, with the mix and other terms of the awards to be consistent with annual equity awards made to the Company’s executive officers generally; and (iii) if Mr. Schwaneke is employed with the Company when the Company grants annual equity awards for fiscal year 2027 to its executive officers generally, he will be eligible to receive annual equity awards in the ordinary course on terms consistent with the annual equity awards made to the Company’s executive officers generally.

The Amended Employment Agreement provides for payment of accrued obligations upon termination of Mr. Schwaneke’s employment, and also provides for additional severance and/or continued vesting of certain equity awards in specified circumstances. In general, if Mr. Schwaneke’s employment is terminated by the Company other than for cause (and not due to death or disability), the Amended Employment Agreement provides (i) if the termination occurs before the date that is 18 months after January 1, 2026, for cash severance equal to 12 months of base salary and target annual bonus, payable in installments over 12 months, and (ii) that any Company equity awards granted pursuant to the Amended Employment Agreement will continue to vest in accordance with their terms as though no termination of employment had occurred (with performance-based vesting remaining subject to achievement of applicable performance goals), in each case subject to Mr. Schwaneke providing the Company with a release of claims. Mr. Schwaneke will also be entitled to the vesting described in clause (ii) above if he voluntarily terminates employment with the Company more than 18 months after January 1, 2026.

The foregoing description of the Amended Employment Agreement does not purport to be complete and is qualified in its entirety by the full text of such agreement. The Company expects to file the Amended Employment Agreement as an exhibit to a future periodic report..

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

									agilon health, inc.
Date:			January 7, 2026			By:			/s/ BENJAMIN SHAKER
									Benjamin Shaker
									Chief Markets Officer and Member of the Office of the Chairman

FAQ

What executive compensation change did agilon health (AGL) disclose for its CFO?

agilon health disclosed an Amended and Restated Employment Agreement for its Chief Financial Officer and Executive Vice President, Jeffrey Schwaneke, effective January 1, 2026. The agreement updates his equity compensation and severance terms while remaining substantially similar to his prior agreement.

How many RSUs will agilon health (AGL) grant to CFO Jeffrey Schwaneke under the new agreement?

Under the amended agreement, agilon health will grant Mr. Schwaneke a one-time equity award of 600,000 restricted stock units (RSUs), which are scheduled to vest annually over three years.

What is the value of the 2026 annual equity awards for agilon health (AGL) CFO if he remains employed?

If Mr. Schwaneke is employed when agilon health grants annual equity awards for fiscal year 2026 to its executive officers, he will receive awards with an aggregate grant-date fair value of $3,750,000, with the mix and terms consistent with equity awards for other executive officers.

What severance does agilon health (AGL) provide its CFO if terminated without cause under the amended agreement?

If the company terminates Mr. Schwaneke’s employment without cause (and not due to death or disability) before the date that is 18 months after January 1, 2026, he is entitled to cash severance equal to 12 months of base salary and target annual bonus, payable in installments over 12 months, subject to a release of claims.

How are agilon health (AGL) CFO equity awards treated upon certain terminations?

For equity awards granted under the amended agreement, if Mr. Schwaneke is terminated by the company without cause (not due to death or disability), those equity awards will continue to vest according to their terms as if no termination had occurred, with performance-based awards still subject to performance goals. The same continued vesting also applies if he voluntarily resigns more than 18 months after January 1, 2026, in each case subject to a release of claims.

Will agilon health (AGL) CFO be eligible for equity awards in 2027 under this agreement?

Yes. If Mr. Schwaneke is employed when the company grants annual equity awards for fiscal year 2027 to its executive officers, he will be eligible to receive annual equity awards in the ordinary course on terms consistent with awards granted to other executive officers.