Oscar Health (OSCR) director granted 1,203 deferred stock units in lieu of cash
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sankaran Sid reported acquisition or exercise transactions in this Form 4 filing.
Oscar Health, Inc. director Sid Sankaran received a grant of 1,203 deferred stock units, each representing the right to one share of Oscar Health Class A common stock. The units were issued in lieu of cash retainer payments for board service, using the $14.54 April 9, 2026 closing share price to calculate the grant size.
The deferred stock units are 100% vested on the grant date and will be settled in either cash or Class A shares, at the company’s discretion, within 45 days after the earliest of termination of service, a change in control, death, or disability.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sankaran Sid
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Unit | 1,203 | $14.54 | $17K |
Holdings After Transaction:
Deferred Stock Unit — 1,203 shares (Direct)
Footnotes (1)
- Each deferred stock unit represents a right to receive one share of the Issuer's Class A common stock. The deferred stock units will be settled for cash or shares of Class A common stock, in the Issuer's discretion, within 45 days of the first to occur of (i) termination of service; (ii) a change in control; (iii) death; or (iv) disability. Deferred stock units issued in lieu of a cash retainer payment are 100% vested on the grant date. The Reporting Person elected, pursuant to the Issuer's Amended and Restated Deferred Compensation Plan for Directors, to receive deferred stock units in lieu of cash retainer payments for service on the Issuer's board of directors. The price of the deferred stock units reported herein represents the closing price of the Issuer's Class A common stock on April 9, 2026, which price was used to calculate the number of deferred stock units issued to the Reporting Person.
Key Figures
Deferred stock units granted: 1,203 units
Closing share price used: $14.54 per share
Underlying Class A shares: 1,203 shares
+1 more
4 metrics
Deferred stock units granted
1,203 units
Grant to director Sid Sankaran in lieu of cash retainer
Closing share price used
$14.54 per share
Oscar Health Class A common stock on April 9, 2026
Underlying Class A shares
1,203 shares
Each deferred stock unit represents one share of Class A common
Settlement window
45 days
Period after earliest of termination, change in control, death, or disability
Key Terms
Deferred Stock Unit, Amended and Restated Deferred Compensation Plan for Directors, change in control, cash retainer payments
4 terms
Deferred Stock Unit financial
"Each deferred stock unit represents a right to receive one share"
A deferred stock unit (DSU) is a promise from a company to give an employee or director the value of a share at a future date, paid in actual shares or cash when certain conditions are met (such as retirement or a set date). Think of it like a gift card that converts to company stock later; it aligns pay with long‑term performance and can affect future share count, compensation expense and potential cash needs, so investors watch DSUs for their impact on dilution and company finances.
Amended and Restated Deferred Compensation Plan for Directors financial
"elected, pursuant to the Issuer's Amended and Restated Deferred Compensation Plan for Directors"
change in control financial
"within 45 days of the first to occur of (i) termination of service; (ii) a change in control; (iii) death; or (iv) disability"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
cash retainer payments financial
"issued in lieu of a cash retainer payment are 100% vested on the grant date"
FAQ
What insider transaction did Oscar Health (OSCR) report for Sid Sankaran?
Oscar Health reported that director Sid Sankaran received 1,203 deferred stock units as board compensation. Each unit represents a right to one share of Class A common stock, granted instead of a cash retainer for his board service.
How were the 1,203 deferred stock units for Oscar Health (OSCR) calculated?
The 1,203 deferred stock units were calculated using Oscar Health’s Class A common stock closing price of $14.54 on April 9, 2026. That price determined how many units were issued in lieu of the director’s cash retainer payment for board service.
When will Sid Sankaran’s Oscar Health (OSCR) deferred stock units be settled?
The deferred stock units will be settled within 45 days after the earliest of four events: termination of service, a change in control, death, or disability. Settlement will be in cash or Class A shares, at Oscar Health’s discretion.
Are Oscar Health (OSCR) deferred stock units granted to Sid Sankaran vested immediately?
Yes. The deferred stock units issued to Sid Sankaran in lieu of cash retainer payments are 100% vested on the grant date. They still settle later, in cash or Class A common stock, after specified triggering events occur under the company plan.
What does each Oscar Health (OSCR) deferred stock unit granted to Sid Sankaran represent?
Each deferred stock unit represents the right to receive one share of Oscar Health’s Class A common stock. These units are a form of non-cash director compensation and will convert into cash or shares upon future qualifying events defined in the plan.