SANTA CLARA, Calif., Nov. 5, 2021 /PRNewswire/ — eHealth, Inc. (Nasdaq: EHTH), a primary non-public on the web health insurance policy market (the “Business”), currently introduced that on November 2, 2021, pursuant to the terms earlier declared by eHealth on September 23, 2021, the Compensation Committee of its Board of Administrators granted inducement stock device awards to Fran Soistman, an employee of eHealth, Inc. who was appointed the Chief Govt Officer of eHealth, Inc. productive November 1, 2021. In addition, pursuant to the phrases previously introduced by eHealth on September 20, 2021, the Payment Committee of its Board of Administrators granted inducement stock device awards to Christine Janofsky, an staff of eHealth, Inc. who was appointed Senior Vice President, Main Money Officer of eHealth, Inc, productive September 20, 2021. Each of these awards was granted underneath the Company’s 2021 Inducement Program (the “Inducement System”) and otherwise will be issue to the terms and conditions of a stock unit arrangement beneath the Inducement System.
Mr. Soistman received three restricted inventory unit awards. The initially restricted stock unit award covers 60,000 shares of the Firm’s common inventory and will be issue to vesting about four yrs, with 25% vesting on the first anniversary of the date of his commencement of employment, and the remainder vesting in equal quarterly installments over the subsequent three a long time, issue to probable acceleration on certain terminations of employment. The second restricted inventory device award covers 70,000 shares of the Company’s prevalent stock and will become qualified to vest based on the accomplishment of stock price tag plans, and will then vest on the previously of the 1st anniversary of the date that the hurdle was fulfilled or the fourth anniversary of the date of grant, subject to continued services as a result of the vesting date (and probable acceleration on certain terminations of employment). The 3rd limited stock unit award addresses 12,500 shares of the Company’s frequent stock and vested with respect to 1/16 of the shares topic to the award on the grant day, and will vest in 15 equal quarterly installments thereafter.
Ms. Janofsky gained two limited inventory unit awards. The first restricted inventory unit award covers 24,042 shares of the Company’s frequent inventory and will be topic to vesting about four a long time, with 25% vesting on the to start with anniversary of the vesting graduation day of September 10, 2021, and the remainder vesting in equal quarterly installments in excess of the subsequent a few a long time, subject matter to prospective acceleration upon particular terminations of employment. The second restricted stock device award handles 24,042 shares of the Company’s typical stock and will grow to be qualified to vest primarily based on the accomplishment of stock selling price objectives, and will then vest on the first anniversary of the date that the hurdle was achieved, matter to ongoing support as a result of the vesting date (and prospective acceleration upon particular terminations of work).
The inventory unit awards were granted as inducements content to Mr. Soistman and Ms. Janofsky entering into work with eHealth, Inc. in accordance with NASDAQ Listing Rule 5635(c)(4).
About eHealth, Inc.
eHealth, Inc. (NASDAQ: EHTH) operates a leading wellness insurance plan market at eHealth.com and eHealthMedicare.com with technological know-how that presents shoppers with health insurance plan enrollment options. Considering that 1997, we have related additional than 8 million members with high-quality, reasonably priced wellbeing insurance coverage, Medicare alternatives, and ancillary plans. Our proprietary marketplace presents Medicare Gain, Medicare Complement, Medicare Section D prescription drug, specific, loved ones, small business and other programs from above 200 overall health insurance plan carriers throughout fifty states and the District of Columbia.
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