Form 4: Oscar Health Director Acquires Deferred Stock Units in Lieu of Cash Retainer

Director Jeffery H. Boyd acquired 1,802 deferred stock units of Oscar Health, Inc. in lieu of cash retainer payments.

Summary

• On October 10, 2024, Jeffery H. Boyd, a director of Oscar Health, Inc., acquired 1,802 deferred stock units.
• These units were received in lieu of cash retainer payments for his service on the Issuer's board of directors, under the Deferred Compensation Plan for Directors.
• The price of the deferred stock units was $17.34, based on the closing price of Oscar Health's Class A common stock on October 10, 2024.
• Following the transaction, Boyd directly owns 50,879 derivative securities.
• The deferred stock units will be settled for cash or shares of Class A common stock within 45 days of termination of service, a change in control, death, or disability.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to director compensation, which is neutral in sentiment. The director's acceptance of stock units could be seen as a slightly positive signal.

Positives

• The director's decision to take deferred stock units instead of cash may signal confidence in the company's future performance.

Future Outlook

The deferred stock units will be settled for cash or shares of Class A common stock, in the Issuer's discretion, within 45 days of the first to occur of (i) termination of service; (ii) a change in control; (iii) death; or (iv) disability.

Industry Context

This is a routine disclosure related to director compensation and is common in publicly traded companies. Directors often receive stock-based compensation to align their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation packages, including deferred stock units, are common across the healthcare industry.
• Companies like UnitedHealth Group (UNH) and Cigna (CI) also utilize stock-based compensation for their directors.
• The specific amount and terms of the deferred stock units are company-specific and depend on factors such as company size, performance, and compensation philosophy.

Related Party Transactions

• The acquisition of deferred stock units by Director Jeffery H. Boyd is a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholder value.

Key Dates