StockWatch
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Medical/Nursing Services
Management ChangeJun 2, 2026, 06:12 AM

AdaptHealth COO Daniel McFadden's Salary Raised to $550K; Granted $464K RSUs

AI Summary

AdaptHealth Corp. filed an amendment to its Form 8-K to correct the date of report for Daniel McFadden's appointment as Chief Operating Officer to May 4, 2026. In connection with his promotion, the Compensation Committee approved an increase to Mr. McFadden's annual base salary from $410,000 to $550,000, retroactive to the appointment date. He will also continue to be eligible for an annual incentive bonus with a target of 100% of his increased base salary. Additionally, Mr. McFadden received a one-time grant of restricted stock units valued at $464,110, with vesting tied to both time and the company's total shareholder return.

Key Highlights

  • Original filing date corrected from May 5, 2026, to May 4, 2026.
  • COO Daniel McFadden's annual base salary increased from $410,000 to $550,000.
  • Salary increase is retroactive to May 4, 2026.
  • Eligible for annual incentive bonus target of 100% of increased base salary.
  • Granted one-time restricted stock units valued at $464,110.
  • 50% of RSUs vest in equal installments annually over three years.
  • 50% of RSUs vest 0-200% based on TSR over a three-year performance period.