CHICAGO, December 21, 2021 / PRNewswire / – GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading medicare market and a medicare-focused digital health company, today announced that the December 21, 2021, the Company granted share-based awards in accordance with the Company’s 2021 Incentive Plan to Vance johnston, the new CFO of the company. The incentive grants were approved by a majority of the independent directors of the Company and were made as a material incentive for the employee’s acceptance by the Company in accordance with Enrollment Rule 5635 (c) (4) of the Nasdaq as part of his compensation at work.
The incentive grants consisted of a non-legal option to purchase a total of 438,099 common shares of the Company and 281,690 restricted stock units (âRSUsâ) for the common shares of the Company.
The stock options each have an exercise price of $ 3.55 per share, equal to the closing price of the common shares of GoHealth on December 21, 2021. The stock options each have a term of ten years. Each of the options and RSUs vest over three years, with 1/3e of each acquisition on December 7 of 2022, 2023 and 2024. The vesting of each award is subject to the employee’s continuous service with the Company until the applicable vesting date. Incentive grants are subject to the terms and conditions of the award agreements covering the grants and the Company’s 2021 stock incentive plan.
About GoHealth, Inc .:
As a leading health insurance market and a health insurance-driven digital health company, GoHealth’s mission is to improve access to health care in America. Joining a health insurance plan can be confusing for clients, and the seemingly small differences between plans can result in large out-of-pocket costs or lack of access to essential medicines and even providers. GoHealth combines cutting-edge technology, data science, and deep industry expertise to match clients with the right healthcare policy and operator for them. Since its inception, GoHealth has enrolled millions of people in Health Insurance individual and family plans and plans. For more information visit https://www.gohealth.com.
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SOURCE GoHealth, Inc.