SANTA CLARA, Calif., Nov. 5, 2021 /PRNewswire/ — eHealth, Inc. (Nasdaq: EHTH), a primary personal online overall health insurance market (the “Business”), nowadays announced that on November 2, 2021, pursuant to the terms previously introduced by eHealth on September 23, 2021, the Payment Committee of its Board of Directors granted inducement stock device awards to Fran Soistman, an staff of eHealth, Inc. who was appointed the Chief Government Officer of eHealth, Inc. productive November 1, 2021. In addition, pursuant to the terms previously declared by eHealth on September 20, 2021, the Payment Committee of its Board of Directors granted inducement stock unit awards to Christine Janofsky, an employee of eHealth, Inc. who was appointed Senior Vice President, Main Economic Officer of eHealth, Inc, powerful September 20, 2021. Just about every of these awards was granted less than the Firm’s 2021 Inducement Prepare (the “Inducement Strategy”) and usually will be issue to the phrases and situations of a inventory unit settlement less than the Inducement System.
Mr. Soistman gained a few limited stock unit awards. The 1st limited stock unit award addresses 60,000 shares of the Company’s widespread inventory and will be subject matter to vesting more than four a long time, with 25% vesting on the initially anniversary of the date of his commencement of employment, and the remainder vesting in equivalent quarterly installments in excess of the subsequent a few yrs, matter to potential acceleration upon sure terminations of work. The next limited inventory unit award handles 70,000 shares of the Firm’s typical stock and will grow to be qualified to vest centered on the achievement of stock price plans, and will then vest on the earlier of the initial anniversary of the day that the hurdle was fulfilled or the fourth anniversary of the day of grant, matter to continued provider by means of the vesting day (and prospective acceleration upon particular terminations of work). The 3rd restricted stock device award handles 12,500 shares of the Firm’s popular 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 received two restricted stock unit awards. The 1st limited stock unit award covers 24,042 shares of the Firm’s typical stock and will be subject matter to vesting around 4 a long time, with 25% vesting on the initial anniversary of the vesting graduation date of September 10, 2021, and the remainder vesting in equivalent quarterly installments around the subsequent 3 a long time, issue to probable acceleration upon selected terminations of employment. The second restricted stock device award covers 24,042 shares of the Company’s widespread inventory and will turn into eligible to vest based mostly on the accomplishment of stock selling price aims, and will then vest on the 1st anniversary of the date that the hurdle was met, matter to continued assistance by the vesting day (and probable acceleration on selected terminations of work).
The inventory unit awards had been granted as inducements substance 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 primary overall health insurance policy market at eHealth.com and eHealthMedicare.com with technological innovation that gives customers with wellbeing insurance plan enrollment methods. Considering the fact that 1997, we have connected much more than 8 million associates with excellent, reasonably priced wellness insurance, Medicare options, and ancillary designs. Our proprietary market features Medicare Benefit, Medicare Complement, Medicare Part D prescription drug, unique, family, little enterprise and other designs from over 200 health insurance coverage carriers across fifty states and the District of Columbia.
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