secwatch.observer — SEC 8-K summary
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Issuer:     American Well Corp (AMWL)
CIK:        0001393584
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000950170-24-119621
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393584/000095017024119621/0000950170-24-119621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393584/000095017024119621/amwl-20241025.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-119621

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer