Form 4: Oscar Health Director Receives Deferred Stock Units

Oscar Health director Jeffery H. Boyd has received 3,610 deferred stock units, settled in Class A common stock, as part of his compensation for board service.

Summary

• Jeffery H. Boyd, a Director at Oscar Health, Inc., was granted 3,610 deferred stock units on April 9, 2026.
• These units are equivalent to shares of Class A common stock and will be settled in cash or stock within 45 days of specific events like termination of service, change in control, death, or disability.
• The issuance was made in lieu of cash retainer payments for Mr. Boyd's service on the board, with the number of units calculated based on the stock's closing price of $14.54 on the grant date.
• Following this transaction, Mr. Boyd beneficially owns 69,858 shares of Class A common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard compensation adjustment for a director and does not indicate significant changes in the company's financial performance or strategic direction.

Positives

• Director compensation is being structured using equity, aligning director interests with shareholders.
• The company is utilizing a deferred compensation plan for directors, which can aid in retaining experienced board members.

Risks

• The value of the deferred stock units is subject to the market price fluctuations of Oscar Health's Class A common stock.
• Settlement of units in cash or stock at the company's discretion could impact the form of compensation received by the director.

Future Outlook

The deferred stock units will be settled for cash or shares of Class A common stock within 45 days of the occurrence of specific events: termination of service, change in control, death, or disability.

Industry Context

StockSavvy.ai notes that the use of deferred stock units for director compensation is a common practice in the healthcare and technology sectors, aiming to align executive and director interests with long-term shareholder value.

Corporate Governance

Related Party Transactions

• The issuance of deferred stock units to Director Jeffery H. Boyd in lieu of cash retainer payments is a related party transaction.

Stakeholder Impact

• Shareholders: The issuance of stock units may lead to slight dilution if settled in shares, but also aligns director incentives with stock performance.
• Employees: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• Settlement of deferred stock units upon the occurrence of termination of service, change in control, death, or disability.

Key Dates

Keywords

Oscar Health, OSCR, Form 4, Deferred Stock Units, Director Compensation, Class A Common Stock, Beneficial Ownership, SEC Filing