UpHealth (UPHL) has released an update.
UpHealth, Inc. has granted its CEO, Martin Beck, an option to buy 1.3 million shares at $0.385 each, with immediate vesting of 650,000 shares and the rest over three years. The stock option plan incentivizes Beck’s tenure and performance, with full vesting upon certain company milestones, like a Change in Control or a significant stock price increase, provided Beck remains with the company.
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