 CHARLESTON, S.C., May 07, 2021 GLOBE NEWSWIRE -- Benefitfocus, Inc. NASDAQ: BNFT, an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announces that, in connection with the appointment of Matthew Levin as president and chief executive officer, and in accordance with the terms of his employment agreement with the Company, Benefitfocus board of directors approved an initial equity grant to Mr. Levin consisting of 70 restricted stock units RSUs and 30 performance stock units PSUs with a total value of 5,000,000, totaling 248,826 RSUs and 106,640 PSUs the Initial Grant. 