OGrady Brendan P. 4
4 · American Well Corp · Filed Mar 3, 2022
Insider Transaction Report
Form 4
OGrady Brendan P.
Director
Transactions
- Award
Class A Common Stock
2022-03-01+209,185→ 853,236 total - Sale
Class A Common Stock
2022-03-01$3.94/sh−15,479$60,981→ 644,051 total - Award
Performance Share Units
2022-03-01+488,099→ 488,099 total→ Class A Common Stock (488,099 underlying)
Footnotes (3)
- [F1]The sale reported in this Form 4 was made in order to pay the tax liability arising from the vesting and settlement of restricted stock units on March 1, 2022. The sale was effected through an automatic "sell to cover" transaction that did not represent a discretionary trade by the reporting person.
- [F2]Represents a grant of restricted stock units, with 25% vesting upon the first anniversary of the grant date ("Initial Vesting Date"), and the remaining vesting every 3 months thereafter over a three-year period (beginning on the first calendar day of the month following the date that is three months following the Initial Vesting Date).
- [F3]Each Performance Share Unit represents a contingent right to receive one share of Class A Common Stock of the Issuer. The Performance Share Units are eligible to vest over a three-year performance period ending February 28, 2025, and may be earned between 0%-300% of target levels, based upon the Issuer's achievement of specified market capitalization performance thresholds, subject to the reporting person's continued employment through the date on which performance is certified.