Clover Health Announces Inducement Grant under Nasdaq Listing Rule 5635(c)(4)
16 Février 2024 - 10:30PM
Clover Health Investments, Corp. (Nasdaq: CLOV) (“Clover” or the
“Company”) announced today that effective February 16, 2024, the
Talent and Compensation Committee of the Company’s Board of
Directors granted a restricted stock unit award (the “RSUs”) to a
newly hired employee. The RSUs were granted under the Company’s
2022 Inducement Award Plan (the “Inducement Plan”) and otherwise
will be subject to the terms and conditions of restricted stock
unit award agreements under the Inducement Plan.
The RSUs represent the employee’s right to receive 902,061
shares of the Company's Class A Common Stock, subject to such
award’s applicable vesting schedule. 25% of the RSUs will vest on
the first anniversary of February 16, 2024, with the remaining RSUs
vesting in equal quarterly installments over the subsequent three
years, subject to continued service of the employee at each such
vesting date.
The Inducement Plan is used exclusively for the grant of equity
awards to individuals who were not previously employees of Clover,
or following a bona fide period of non-employment, as an inducement
material to such individuals entering into employment with the
Company, pursuant to Nasdaq Listing Rule 5635(c)(4).
About Clover Health:Clover Health (Nasdaq:
CLOV) is a physician enablement company committed to bringing
access to great healthcare to everyone on Medicare. This includes a
health equity-based focus on seniors who have historically lacked
access to affordable, high-quality healthcare. Our strategy is
powered by our software platform, Clover Assistant, which is
designed to aggregate patient data from across the healthcare
ecosystem to support clinical decision-making and improve health
outcomes through the early identification and management of chronic
disease.
Visit: www.cloverhealth.com
Press Contact:Andrew
Still-Baxterpress@cloverhealth.com
Investor Relations Contact:Ryan
Schmidtinvestors@cloverhealth.com
Clover Health Investments (NASDAQ:CLOV)
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