CHICAGO, Nov. 18,
2022 /PRNewswire/ -- GoHealth, Inc. (GoHealth)
(NASDAQ: GOCO), a leading health insurance marketplace and
Medicare-focused digital health company, today reported that on
November 14, 2022, the Company
granted equity-based awards pursuant to the Company's 2021
Inducement Award Plan to Jay
Sreedharan, the Company's newly hired chief technology
officer. The inducement grant was approved by a majority of the
Company's Independent Directors and was made as a material
inducement to the employee's acceptance of employment with the
Company in accordance with Nasdaq Listing Rule 5635(c)(4) as a
component of his employment compensation.
The inducement grant consisted of 2,500,000 restricted stock
units ("RSUs") for shares of the Company's common stock. Due
to the reverse stock split effectuated by GoHealth on November 17, 2022, such grant will be equitably
adjusted to consist of 166,666 RSUs.
The RSUs vest over three years, with 1/3rd of each vesting on
November 14 of 2023, 2024 and 2025.
The vesting of each grant is subject to the employee's continued
service with the Company through the applicable vesting date. The
inducement grant is subject to the terms and conditions of award
agreements covering the grant and the Company's 2021 Inducement
Stock Incentive Plan.
About GoHealth, Inc.:
As a leading health insurance marketplace and Medicare-focused
digital health company, GoHealth's mission is to improve access to
healthcare in America. Enrolling in a health insurance plan can be
confusing for customers, and the seemingly small differences
between plans can lead to significant out-of-pocket costs or lack
of access to critical medicines and even providers. GoHealth
combines cutting-edge technology, data science and deep industry
expertise to match customers with the healthcare policy and carrier
that is right for them. GoHealth has enrolled millions of people in
Medicare plans and individual and family plans. For more
information, visit https://www.gohealth.com.
Investor Relations:
IR@gohealth.com
Media Relations:
Pressinquiries@gohealth.com
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SOURCE GoHealth, Inc.