American Well grants $2.1M PSUs each to three named execs under new market-cap-based LTI program

American Well Corp

Named execs (Gotlib, Knight, Shepardson) each granted $2.1M in PSUs tied to market cap milestones; vesting 2022-2025.
70% of annual LTI for named officers (excl. Schoenbergs) shifted to PSUs; remaining 30% stays as time-vesting RSUs.
PSUs can earn 0-300% based on sustained 30-day average market cap growth vs. grant date; forfeited if unearned by Feb 2025.
Co-CEOs Ido & Roy Schoenberg may receive PSU grants later in 2022; no further details disclosed yet.
Plan effective March 1, 2022; designed to align exec compensation with long-term shareholder value creation.

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