Teladoc Health (NYSE: TDOC) CEO reports stock sale and major equity grants
Rhea-AI Filing Summary
Teladoc Health, Inc. director and CEO Charles DiVita III reported a mix of stock sales, grants, and conversions. He sold 50,145 shares of common stock at $5.117 per share in an open-market transaction, with a footnote stating the sale was to cover tax withholding obligations from vesting equity awards. After this sale, he directly held 327,862 common shares.
DiVita also acquired 692,041 restricted stock units and 23,591 performance stock units, each representing a contingent right to receive one share of Teladoc common stock on a one-for-one basis, subject to vesting schedules tied in part to 2025 financial metrics. Additional exercises and conversions of 169,107 and 7,864 derivative units into common shares were reported, reflecting ongoing equity-based compensation activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 50,145 | $5.117 | $257K |
| Grant/Award | Restricted Stock Units | 692,041 | $0.00 | -- |
| Exercise | Restricted Stock Units | 169,107 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 23,591 | $0.00 | -- |
| Exercise | Performance Stock Units | 7,864 | $0.00 | -- |
| Exercise | Common Stock | 7,864 | $0.00 | -- |
| Exercise | Common Stock | 169,107 | $0.00 | -- |
Footnotes (1)
- Restricted stock units convert to shares of TDOC common stock on a one-for-one basis. Performance stock units convert to shares of TDOC common stock on a one-for-one basis. Shares sold to cover the tax withholding obligation in respect of vesting of the reporting person's performance stock unit and restricted stock unit awards. On March 1, 2025, the reporting person was granted 507,322 restricted stock units, vesting one-third on March 1, 2026, with the remainder vesting in eight substantially equal quarterly installments thereafter. The reporting person's previous Form 4 filing incorrectly listed the number of restricted stock units granted as 507,332 instead of 507,322 due to a typo which has been corrected in this Form 4. Each performance stock unit represents a contingent right to receive one share of TDOC common stock. Performance award amount determined based on metrics in respect of the issuer's 2025 financial results. The performance stock units vest as to one-third on March 1, 2026, with the remainder vesting in eight substantially equal quarterly installments thereafter. On March 1, 2026, the reporting person earned 23,591 performance stock units, vesting one-third on March 1, 2026, with the remainder vesting in eight substantially equal quarterly installments thereafter. Each restricted stock unit represents a contingent right to receive one share of TDOC common stock. One-third of the restricted stock units vest on the first anniversary of the grant date, with the remainder vesting in eight substantially equal quarterly installments thereafter.