American Well adopts inducement plan, grants $2.5M RSU and $5M LTIP to new CFO Hirschhorn

American Well Corp

2024 Inducement Plan adopted effective Nov 4, 2024; 1,222,960 shares reserved for inducement awards.
New CFO Mark Hirschhorn receives RSU award with grant date value $2.5M; 25% vests on grant date, rest over 3 years.
Additional $5M long-term incentive award (LTIP) subject to EBITDA and valuation targets, vesting over 4 years.
Awards vest on termination without cause/good reason (1 yr) and fully upon change in control within 24 months.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Mark Hirschhorn

Chief Financial Officer

AMWL · American Well Corp

Filed: October 31, 2024, 7:59 PM ET

Effective November 4, 2024, the Company will grant awards to its new Chief Financial Officer, Mark Hirschhorn, under the Inducement Plan.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Hirschhorn was appointed as Chief Financial Officer at American Well Corp.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Effective November 4, 2024, the Company will grant awards to its new Chief Financial Officer, Mark Hirschhorn, under the Inducement Plan.

View on SEC.gov

American Well Corp filing history →

Source: SEC EDGAR

accession 0000950170-24-119621

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.