Company: AMWL
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0000950170-25-057290
Chunk: 18

Company: American Well Corp
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 18
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 matrix accordingly to memorialize Ms. Goldwasser’s strategic, financial and capital markets expertise to the group.                                                                                        |
| Continue to explain Amwell’s executive stock based compensation philosophy and discuss our philosophy on share plan usage, including the need to seek shareholder approval for additional plan shares. | Amwell has reduced the number of executives at the company in order to become efficient from an operational and cost standpoint. These changes have the added benefit of reducing the Company’s usage of its existing equity pool.  Amwell is proud of this stewardship and that it has not asked shareholders to approve an increase in its equity pool since going public in 2020.Amwell’s compensation philosophy is rooted around retaining the core executive leadership team needs to manage the business while also aligning executive and shareholder interests.  Due to the declines in Amwell’s stock price, the Company has been forced to utilize time based restricted stock units in recent years to ensure that Amwell’s equity has retentive value.  Upon future stabilization of our stock price, the Board is committed to re-instituting performance based stock units, with vesting tied to increases in stock price. |
| Dual class capital structures with unequal voting rights disenfranchise certain stockholders and can lead to disregard for stockholder interests.                                                      | Many companies have a dual class structure, and we believe this structure insulates the company from short-term pressure and allows us to make strategic long-term decisions that are in our best interest. One example is our multi-year re-platforming efforts and the launch of Converge, our industry leading telehealth platform which we believe is one of our key differentiators going forward. Please note that there is a sunset provision on our dual class capital structure in place such that it terminates in 2027.                                                                                                                                                                                                                                                                                                                                                                                                        |

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Governance Our company was founded by industry veterans, and their passion, energy and expertise have contributed to our success as a leading digital care delivery enablement platform in the United States and globally, connecting and enabling providers, insurers, patients, and innovators to deliver greater access to more affordable, higher quality care. Our management team is governed by our Board, which works alongside them to determine our business strategy, ensure the sustainable growth of the company, and oversee our enterprise risks and opportunities and corporate responsibility initiatives. Our Board consists of nine directors, of whom 22% are women, 78% are independent and 33% are military veterans. Our Board brings a plethora of perspectives, experience and