Form 4: Peter L. Slavin Reports Changes in Beneficial Ownership of American Well Corp (AMWL)

Peter L. Slavin, a director of American Well Corp (AMWL), reports the acquisition of 543,773 shares of Class A Common Stock on June 18, 2024, resulting in a total beneficial ownership of 713,403 shares.

Summary

• Peter L. Slavin, a director of American Well Corp, filed a Form 4 with the SEC.
• The filing reports a transaction that occurred on June 18, 2024.
• Slavin acquired 543,773 shares of Class A Common Stock.
• The acquisition was a grant of restricted stock units at a price of $0.00.
• Following the transaction, Slavin beneficially owns 713,403 shares of Class A Common Stock directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a change in ownership. The acquisition of shares by a director is generally viewed as a positive sign, but it's not overwhelmingly positive.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The restricted stock units vest on the earlier of the first annual meeting of stockholders following the grant date or the first anniversary of the grant date.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a key director at American Well Corp, which is relevant to investors monitoring insider activity.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive signal.

Key Dates