eHealth, Inc. announced on August 8, 2025, that its Compensation Committee granted inducement restricted stock unit awards to Derrick Duke, the company's incoming Chief Executive Officer. Mr. Duke is set to succeed Fran Soistman, effective September 18, 2025.
Mr. Duke received two restricted stock unit awards, each covering 300,000 shares of the company's common stock. The first award is subject to vesting over three years, with one-third of the shares vesting on each of the first, second, and third anniversaries of the August 4, 2025, vesting commencement date.
The second restricted stock unit award will become eligible to vest based on the achievement of company performance goals over a three-year period between fiscal 2025 and fiscal 2027. These awards were granted as inducements material to Mr. Duke's employment, in accordance with Nasdaq Listing Rule 5635(c)(4).
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