InnovAge CEO Blair granted 1.1M Class B units of majority shareholder TCO, plus RSUs

InnovAge Holding Corp.

CEO Patrick Blair received 1,100,000 Class B units of TCO Group Holdings (company's largest shareholder) on Aug 30, 2023.
50% of units time-vest annually over 4 years; 50% performance-vest upon change of control if Apax achieves ≥2.0x MOIC.
Board also granted 105,264 restricted stock units, vesting in three equal annual installments from June 2024.
Award structured as profits interest; grant from shareholder, not company, with no dilution to InnovAge common stock.

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