---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-154536"
form_type: "8-K"
ticker: "AMWL"
cik: "0001393584"
company_name: "American Well Corp"
filed_at: "2022-05-19T23:59:59+00:00"
generated_at: "2026-06-25T09:07:58.957307+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-154536
- form_type: 8-K
- ticker: AMWL
- cik: 0001393584
- company_name: American Well Corp
- filed_at: 2022-05-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393584/000119312522154536/0001193125-22-154536-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393584/000119312522154536/d349257d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-154536
- JSON: https://secwatch.observer/filing/0001193125-22-154536.json
- Plain text: https://secwatch.observer/filing/0001193125-22-154536.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.