Form 4: Oscar Health CFO Richard Blackley Awarded 103,829 Restricted Stock Units

Richard Scott Blackley, CFO of Oscar Health, Inc., was granted 103,829 restricted stock units (RSUs) on March 10, 2024, which will vest quarterly over three years.

Summary

• On March 10, 2024, Richard Scott Blackley, the Chief Financial Officer of Oscar Health, Inc., was granted 103,829 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of Class A common stock of Oscar Health.
• The RSUs will vest in 12 equal quarterly installments, starting on June 1, 2024, over a three-year period.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects standard executive compensation practices and aligns management interests with shareholders.

Positives

• The grant of RSUs aligns the CFO's interests with those of the shareholders, incentivizing long-term value creation.

Future Outlook

The vesting schedule suggests a commitment to the company over the next three years from the CFO.

Industry Context

Equity compensation is a common practice in the healthcare industry to attract and retain top talent. The size and vesting schedule of the RSU grant are typical for CFO-level executives.

Comparison to Industry Standards

• Similar grants are common among publicly traded healthcare companies to align executive compensation with shareholder value.
• Comparable companies like UnitedHealth Group, CVS Health, and Humana also utilize equity-based compensation for their executives.
• The vesting schedule of three years with quarterly installments is a standard practice to ensure long-term commitment.

Stakeholder Impact

• Shareholders: The RSU grant aligns the CFO's interests with shareholder value creation.
• Employees: The grant can boost employee morale by demonstrating the company's investment in its leadership.

Key Dates