Form 4: American Well Director Peter Slavin Receives Equity Grant, Post-Reverse Split Adjustment

American Well Corporation Director Peter L. Slavin was granted 20,891 Class A Common Stock as Restricted Stock Units, with his total beneficial ownership adjusted for a recent 1-for-20 reverse stock split.

Summary

• Peter L. Slavin, a Director of American Well Corporation (AMWL), was granted 20,891 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs) on June 11, 2025.
• The acquisition price for these RSUs was $0 per share, typical for equity compensation grants.
• Following this transaction, Mr. Slavin's total beneficial ownership of Class A Common Stock stands at 56,561 shares.
• All reported share numbers, including the newly granted RSUs and total beneficial ownership, have been adjusted to reflect a 1-for-20 reverse stock split effected by the issuer on July 10, 2024.
• The granted RSUs are set to vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of stockholders following the grant date or (ii) the first anniversary of the grant date.

Sentiment

Score: 6

Explanation: The document reports a routine equity grant to a director, which is generally viewed as a positive for aligning interests, but does not contain information that would significantly alter the company's financial outlook or operations.

Positives

• The grant of Restricted Stock Units (RSUs) to Director Peter L. Slavin aligns his financial interests directly with the long-term performance and shareholder value of American Well Corporation.

Future Outlook

The granted Restricted Stock Units are subject to a vesting schedule, which will occur on the earlier of the day immediately preceding the first annual meeting of stockholders following the grant date or the first anniversary of the grant date, indicating future share ownership for the director.

Industry Context

This Form 4 filing details a routine equity compensation grant to a director, a common practice across publicly traded companies to incentivize and align the interests of board members with shareholders. The adjustment for a reverse stock split is also a standard procedure in such filings when corporate actions impact share counts.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) as part of director compensation is a widely adopted practice in corporate governance across various industries, including healthcare technology, aligning director incentives with long-term company performance.
• The $0 acquisition price for RSUs is standard for equity compensation, reflecting a grant rather than a purchase.
• The vesting schedule, tied to either an annual meeting or a one-year anniversary, is a common structure for director equity awards, ensuring continued commitment.

Corporate Governance

Related Party Transactions

• The grant of 20,891 Restricted Stock Units to Peter L. Slavin, a Director of American Well Corporation, constitutes a related party transaction as it involves compensation provided by the company to an insider.

Stakeholder Impact

• Shareholders: Potential minor dilution from the issuance of new shares upon RSU vesting, but also benefit from improved alignment of the director's interests with long-term company performance.
• Director (Peter L. Slavin): Receives equity-based compensation, tying a portion of his personal wealth directly to the company's stock performance and success.

Next Steps

• Vesting of the 20,891 Restricted Stock Units on the earlier of the day immediately preceding the first annual meeting of stockholders following the grant date or the first anniversary of the grant date.

Key Dates

Keywords

American Well, AMWL, SEC Form 4, Restricted Stock Units, RSU, Equity Grant, Director Compensation, Insider Transaction, Peter Slavin, Reverse Stock Split