Teladoc Health Welcomes Key Executive with Stock Award
Teladoc Health Strengthens Leadership Team
Teladoc Health, Inc. (NYSE:TDOC), recognized as a pioneer in whole-person virtual care, has recently made headlines with its decision to issue a significant inducement award to a new executive. In the latest move to enhance its leadership and innovation, the company announced the induction of Terre Layton as the Senior Vice President of Product for BetterHelp, effective September 1, 2024.
A Look at the Inducement Award
In connection with Layton's new role, Teladoc Health granted an impressive award of restricted stock units totaling 50,000 shares of its common stock. The structured vesting plan ensures that one-third of these shares will become available on the first anniversary of the grant date, with the remainder released quarterly over the subsequent two years. Such strategic compensation packages not only recognize individual contributions but also align the interests of executives with those of shareholders and the broader mission of the company.
The Role of the Compensation Committee
This award was thoughtfully approved by Teladoc Health's Compensation Committee, reflecting their commitment to fostering top talent in the competitive healthcare landscape. By implementing such measures under the 2023 Employment Inducement Incentive Award Plan, Teladoc Health adheres to New York Stock Exchange Rule 303A.08, which allows such awards to be granted to new employees as a means of recruitment and integration.
About Teladoc Health's Mission
At its core, Teladoc Health is dedicated to empowering individuals to achieve optimal health outcomes through seamless virtual care. The company harnesses its extensive experience and proprietary insights, cultivated over two decades, to transform healthcare delivery for patients and professionals alike. Through innovative solutions, Teladoc addresses the ever-evolving needs of consumers in a digital-first world, ensuring holistic support throughout a person’s health journey.
Connect with Teladoc Health
For further information about Teladoc Health and its initiatives, visit their official website where comprehensive resources and services offered are readily accessible. The company continues to thrive at the intersection of technology and health, largely thanks to its talented team leading the way in virtual care solutions.
Frequently Asked Questions
What is the purpose of the inducement award given to Terre Layton?
The inducement award aims to attract and retain top-quality executives, aligning their interests with those of the company and ensuring commitment to the organizational goals.
How does the vesting schedule for the stock units work?
The vesting schedule allows for one-third of the shares to vest on the first anniversary of the grant date, with the remaining shares vesting quarterly over the next two years.
What is Teladoc Health's main mission?
Teladoc Health's mission is to empower individuals to live healthier lives by providing comprehensive virtual care services that address the full continuum of health needs.
Who approved the stock award for the new executive?
The award was approved by the Compensation Committee of Teladoc Health’s Board of Directors, ensuring compliance with governance standards.
How long has Teladoc Health been operating?
Teladoc Health has been in operation for over two decades, gathering valuable experience and insights that enhance its virtual care offerings.
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