Company: AMWL
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0000950170-25-057290
Chunk: 32

Company: American Well Corp
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 32
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ers and restricted stock unit (“RSU”) grants, as follows: (i) annual cash retainer of $75,000, paid in quarterly installments in arrears, (ii) an initial RSU grant with a fair market value of $400,000 to be made in connection with the director’s appointment to the Board (“Initial RSUs”), which vests in equal annual installments over three years, and (iii) an annual RSU grant with a fair market value of $200,000 to be made in connection with our annual meeting of stockholders (“Annual RSUs”), which vests on the earlier of:

(A) the day immediately preceding the date of our first annual meeting of stockholders following the date of grant; or

(B) the first anniversary of the date of grant.

The value of Initial RSUs and Annual RSUs is determined using the closing price of the Company’s Class A common stock on the NYSE on the date of the award. The Board has reserved discretion under the policy to grant all or a portion of the foregoing equity awards in any combination of equity-based awards available for grant under the 2020 Equity Plan or any other applicable equity incentive plan maintained by the Company at the time of grant.

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In addition, non-employee directors receive an additional annual cash retainer of $5,000, paid annually in advance for each director who serves as the chairman of one of the Board’s committees. Non-Employee Director Compensation The following table sets forth information concerning the compensation earned by each of our non-employee directors during the fiscal year ended December 31, 2024.

| Name                |     | Fees Earned or Paid in Cash ($) |        |     | Stock Awards 
 ($)(1)       |         |     | Total 
 ($)   |         |
|:--------------------|:----|:--------------------------------|-------:|:----|:-------------|--------:|:----|:------|--------:|
| Stephen Schlegel    |     | $                               | 80,000 |     | $            | 214,241 |     | $     | 294,241 |
| Deval Patrick(2)    |     | $                               | 53,571 |     | $            |       — |     | $     |  53,571 |
| Derek Ross          |     | $                               | 75,000 |     | $            | 214,241 |     | $     | 289