ROBERT GUENTHNER - 21 Feb 2022 Form 4 Insider Report for Oak Street Health, Inc. (OSH)

Role
Chief Legal Officer
Signature
/S/ Robert Guenthner
Issuer symbol
OSH
Transactions as of
21 Feb 2022
Transactions value $
$0
Form type
4
Filing time
23 Feb 2022, 16:10:16 UTC
Previous filing
07 Feb 2022
Next filing
13 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSH Common Stock, $0.001 par value Award $0 +33,333 +7.51% $0 477,119 21 Feb 2022 Direct F1
holding OSH Common Stock, $0.001 par value 2,000 21 Feb 2022 Direct
holding OSH Common Stock, $0.001 par value 48 21 Feb 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OSH Performance Stock Option (Right to Buy) Award $0 +134,271 $0 134,271 21 Feb 2022 Common Stock, par value $0.001 134,271 $15.75 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Restricted Stock Units issued to the Reporting Person under Oak Street Health, Inc.'s Omnibus Incentive Plan (the "Plan") that shall vest in four equal annual installments on the anniversary date of the grant date, subject to the terms of the Plan.
F2 50% of the shares issuable upon exercise of this Option shall vest on or after December 31, 2023 on the date that the Committee certifies the achievement of the Performance Metric for the First Performance Period and 50% of the shares issuable upon exercise of this Option shall vest on or after December 31, 2024 on the date that the Committee certifies the achievement of the Performance Metric for the Second Performance Period. The Performance Metric is based on satisfaction of certain thresholds related to Platform Contribution. Platform Contribution means the amount calculated by the following formula: (i) total gross revenue for each of the Company's care delivery centers minus, (ii) for each such center, the sum of (a) medical claims expense and (b) cost of care, excluding depreciation and amortization for the applicable period.