Form 4: Agilon Health Executive Girish Venkatachaliah Reports Stock Transactions
SEC Form 4 Filing
Girish Venkatachaliah, Chief Technology Officer of Agilon Health, reports the vesting and settlement of performance-based restricted stock units (PSUs) and shares withheld for tax obligations.
Summary
- On March 14, 2025, Girish Venkatachaliah, the Chief Technology Officer of Agilon Health, had 9,429 performance-based restricted stock units (PSUs) vest, which were then settled for shares of common stock.
- The vesting of these PSUs was based on Agilon Health's revenue and adjusted EBITDA performance between January 1, 2022, and December 31, 2024, achieving 87% of the predetermined goals.
- Additionally, 3,311 shares of common stock were withheld by Agilon Health to cover income tax obligations related to the PSU settlement.
- Following these transactions, Venkatachaliah directly owns 155,120 shares of common stock, which includes restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it primarily reports transactions related to executive compensation. The 87% attainment of performance goals is mildly positive.
Positives
- The vesting of PSUs indicates that Agilon Health achieved a significant portion (87%) of its predetermined revenue and adjusted EBITDA goals over the three-year performance period.
Future Outlook
There is no specific future outlook provided in this document.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The vesting of PSUs and subsequent stock transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 2022-04-14 | Date the performance-based restricted stock units (PSUs) were granted. |
| 2022-01-01 | Start date of the three-year performance period for the PSUs. |
| 2024-12-31 | End date of the three-year performance period for the PSUs. |
| 2025-03-14 | Date of the PSU vesting and stock transactions. |
| 2025-03-18 | Date of signature for the Form 4 filing. |
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