Form 4: Oscar Health Director William Gassen Receives Deferred Stock Units

Director William Gassen received 1,530 deferred stock units of Oscar Health, Inc. in lieu of cash retainer payments.

Summary

• On April 10, 2025, William Gassen, a director of Oscar Health, Inc., acquired 1,530 deferred stock units.
• These units were granted in lieu of cash retainer payments for his service on the board, as per the company's Amended and Restated Deferred Compensation Plan for Directors.
• Each deferred stock unit represents the right to receive one share of Oscar Health's Class A common stock.
• The price of the deferred stock units was $12.25, reflecting the closing price of Oscar Health's Class A common stock on the transaction date.
• The deferred stock units are 100% vested on the grant date and 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: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The use of deferred stock units suggests a positive alignment of interests between the director and shareholders.

Positives

• The grant of deferred stock units aligns the director's interests with those of the shareholders.
• The units are fully vested immediately, indicating a commitment to the company's long-term success.

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 standard practice for compensating board members in publicly traded companies, aligning their interests with shareholders through equity-based compensation.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across the healthcare industry.
• Companies like UnitedHealth Group, Anthem, and Cigna also utilize stock options and restricted stock units as part of their director compensation packages.
• The specific amount and vesting schedules can vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• Shareholders may view this as a positive sign, as it aligns the director's interests with the company's performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

Oscar Health, Director, William Gassen, Deferred Stock Units, Class A Common Stock, Form 4, SEC, Compensation, Equity, Vesting