Company: AMWL
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0000950170-25-057290
Chunk: 50

Company: American Well Corp
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 50
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, 2024, the RSU grants made to the other NEOs in 2024 were as follows:

| Name              |     | Target Total Equity Value ($) |           |     | RSUs (#) |           |
|:------------------|:----|:------------------------------|----------:|:----|:---------|----------:|
| Phyllis Gotlib    |     | $                             | 2,500,000 |     | $        | 2,171,646 |
| Kurt Knight       |     | $                             | 2,500,000 |     | $        | 2,171,646 |
| Robert Shepardson |     | $                             | 2,500,000 |     | $        | 2,171,646 |
| Kathy Weiler      |     | $                             | 2,500,000 |     | $        | 2,171,646 |

(1) On July 10, 2024, the Company effected a reverse stock split of the Company’s common stock at a ratio of 1-for-20 (the “Reverse Stock Split”). Following the Reverse Stock Split, the Company made appropriate adjustments with respect to all RSUs then outstanding. These adjustments resulted in approximately the same value of shares of common stock represented by the RSUs immediately before and following the Reverse Stock Split. As described under “Leadership Transitions Effective in 2024” below, in connection with the commencement of his employment, Mr. Hirschhorn received a new hire RSU grant with an aggregate grant date value of $2,500,000, vesting 25% on the grant date and the remaining 75% in substantially equal quarterly installments over a three-year period beginning after the one-year anniversary of the grant date, such that the entire award would be fully vested on the four-year anniversary of the grant date. We expect to continue to evaluate our equity compensation strategy across the organization to manage our equity utilization during 2024 and beyond. Forfeiture of 2022 PSUs At the start of 2022, the Committee had awarded PSUs to Ms. Gotlib, Mr. Knight and Mr. Shepardson. The 2022 PSUs were eligible to vest based on the attainment, on average, of select market capitalization hurdles that were set as multiples of the applicable grant date market capitalization of the Company. The hurdles were based on market capitalization increases of between 0% and 300% from the time of grant,