American Well grants co-CEOs PSUs of 1M target shares each, tied to market cap milestones up to 750%

American Well Corp

Each co-CEO (Ido Schoenberg, Roy Schoenberg) receives 1M target PSUs; maximum payout 7.5M shares at 500% market cap growth.
PSUs vest over 3 years; 0% to 750% earned based on sustained market cap from 133% to 500% of grant-date value.
As condition, co-CEOs waive any other equity awards for 3 years from grant date (May 16, 2022).
Performance period runs May 16, 2022 to May 16, 2025; unearned PSUs cancelled after period.
Grants approved by Board and Compensation Committee, designed to drive long-term shareholder value.

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