secwatch.observer — SEC 8-K summary
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Issuer:     American Well Corp (AMWL)
CIK:        0001393584
Form:       8-K
Filed at:   2022-03-07T23:59:59+00:00
Accession:  0001193125-22-068084
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393584/000119312522068084/0001193125-22-068084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393584/000119312522068084/d429951d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-068084

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