Grant of Awards to New MultiPlan Executive Officers under NYSE Listing Rules
August 05 2024 - 7:21PM
Business Wire
As required by the rules of the New York Stock Exchange,
MultiPlan Corporation (NYSE:MPLN) (“MultiPlan” or the “Company”)
today announced that it has granted to Douglas Garis, the Company’s
recently appointed Executive Vice President, Chief Financial
Officer and Treasurer, on August 5, 2024, employment inducement
awards consisting of the following: (i) 4,901,960 stock options
with such options vesting over a three-year period from August 5,
2024, in substantially equal annual installments, subject to Mr.
Garis’ continued employment; and (ii) 3,571,428 restricted stock
units with such units vesting over a three-year period from August
5, 2025, in substantially equal annual installments, subject to Mr.
Garis’ continued employment. These awards were granted to Mr. Garis
pursuant to the terms of his employment agreement.
MultiPlan also announced that it has granted to William Mintz,
the Company’s recently appointed Senior Vice President, Corporate
Affairs and Strategy, on August 5, 2024, employment inducement
awards consisting of 1,928,571 restricted stock units with such
units vesting over a four-year period from August 5, 2024, in
substantially equal annual installments, subject to Mr. Mintz’s
continued employment. These awards were granted to Mr. Mintz
pursuant to the terms of his offer letter.
These awards were granted outside the Plan, but except as set
forth in the award agreements, will generally be subject to the
same terms and conditions as apply to the applicable awards granted
under the Company’s 2020 Omnibus Incentive Plan, as amended. The
Compensation Committee of MultiPlan’s Board of Directors approved
these employment inducement awards in reliance on the employment
inducement exception to shareholder approval provided under Section
303A.08 of the NYSE Listed Company Manual. To comply with the terms
of this exemption, these employment inducement awards require
public announcement of the awards and written notice to the
NYSE.
About MultiPlan
MultiPlan is committed to bending the cost curve in healthcare
by delivering transparency, fairness, and affordability to the US
healthcare system. Our focus is on identifying medical savings,
helping to lower out-of- pocket costs, and reducing or eliminating
balance billing for healthcare consumers. Leveraging sophisticated
technology, data analytics, and a team rich with industry
experience, MultiPlan interprets customers’ needs and customizes
innovative solutions that combine its payment and revenue
integrity, network-based, data and decision science, and
analytics-based services. MultiPlan delivers value to more than 700
healthcare payors, over 100,000 employers, 60 million consumers,
and 1.4 million contracted providers. For more information, visit
multiplan.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240805925303/en/
Investor Relations Luke Montgomery, CFA SVP, Finance
& Investor Relations MultiPlan 866-909-7427
investor@multiplan.com Shawna Gasik AVP, Investor Relations
MultiPlan 866-909-7427 investor@multiplan.com Media
Relations Pamela Walker, AVP, Marketing & Communication
MultiPlan 781-895-3118 press@multiplan.com
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