Health In Tech (NASDAQ: HIT) ties CEO and CFO stock grants to new initiative
Rhea-AI Filing Summary
Health In Tech, Inc. reported that its Compensation Committee approved new restricted stock awards for its two top executives tied to a specific new business initiative. On September 24, 2025, the company granted 80,000 shares of restricted stock to Chief Executive Officer Tim Johnson and 80,000 shares of restricted stock to Chief Financial Officer Linlin (Julia) Qian. These awards are meant to compensate them for work on a new initiative described as the “Initiative.”
Each grant is structured so that one third of the shares vest in monthly installments over 12 months starting when a letter of intent or memorandum of understanding is signed, another third vests monthly over 12 months starting when the Initiative reaches proof-of-concept or beta launch, and the final third vests monthly over 12 months starting at full commercial launch. The awards were made under the company’s existing Equity Incentive Plan and follow previously approved restricted stock award agreement terms.
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FAQ
What executive compensation changes did HIT report in this 8-K filing?
Health In Tech, Inc. disclosed that on September 24, 2025, its Compensation Committee granted restricted stock awards of 80,000 shares to CEO Tim Johnson and 80,000 shares to CFO Linlin (Julia) Qian, tied to their work on a new initiative.
How do the new restricted stock awards for HIT executives vest?
For each executive, one third of the restricted shares vest monthly over 12 months starting when a letter of intent or memorandum of understanding is signed, one third vest monthly over 12 months starting at proof-of-concept or beta launch, and the final third vest monthly over 12 months starting at full commercial launch of the Initiative.
What is the purpose of the Initiative-related stock grants at Health In Tech (HIT)?
The restricted stock awards were granted to CEO Tim Johnson and CFO Linlin (Julia) Qian in connection with services they are providing to develop a new business effort referred to as the “Initiative.”
Under what plan were the HIT executive restricted stock awards granted?
The awards were granted pursuant to the Health In Tech, Inc. Equity Incentive Plan and are governed by Restricted Stock Award Agreements previously approved by the Compensation Committee.
Who approved the new restricted stock awards for HIT’s executives?
The Compensation Committee of the Board of Directors of Health In Tech, Inc. approved the restricted stock awards for the Chief Executive Officer and Chief Financial Officer.
Which officers of Health In Tech (HIT) received new restricted stock awards and in what amounts?
Tim Johnson, Chief Executive Officer, received 80,000 shares of restricted stock, and Linlin (Julia) Qian, Chief Financial Officer, also received 80,000 shares of restricted stock, each linked to the Initiative.