Form 4: GoHealth COO Mike Hargis Receives 100,000 Restricted Stock Units

GoHealth's Chief Operating Officer, Mike Hargis, was granted 100,000 restricted stock units on April 1, 2024, which vest in three annual installments starting April 1, 2025.

Summary

• Mike Hargis, the Chief Operating Officer of GoHealth, Inc., received a grant of 100,000 Class A Common Stock restricted stock units on April 1, 2024.
• These restricted stock units vest in three annual installments, with the first installment vesting on April 1, 2025.
• Following this transaction, Hargis directly owns 260,231 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral event with a slightly positive implication for long-term commitment.

Positives

• The grant of restricted stock units aligns the COO's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution to GoHealth's success.

Future Outlook

The vesting schedule of the restricted stock units suggests an expectation of continued service and contribution from the COO over the next three years.

Industry Context

Grants of restricted stock units are a common practice in the industry to incentivize and retain key executives.

Stakeholder Impact

• Shareholders may view the grant as a positive sign of aligning management's interests with the company's long-term success.
• Employees may see this as a sign of stability and commitment to leadership.

Key Dates