secwatch.observer — SEC 8-K summary
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Issuer:     American Well Corp (AMWL)
CIK:        0001393584
Form:       8-K
Filed at:   2022-05-19T23:59:59+00:00
Accession:  0001193125-22-154536
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393584/000119312522154536/0001193125-22-154536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393584/000119312522154536/d349257d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-154536

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