Certara (NASDAQ: CERT) appoints Jon Resnick CEO and outlines pay package
Rhea-AI Filing Summary
Certara, Inc. is making a planned leadership change, appointing Jon Resnick as Chief Executive Officer effective January 1, 2026, succeeding Dr. William F. Feehery, who will step down as CEO and director at the close of December 31, 2025. Resnick will also join the Board as a Class III director with a term running until the 2026 annual stockholder meeting.
Resnick’s employment agreement sets an initial annual base salary of $750,000 and a target bonus equal to 100% of salary. He will receive a $6,500,000 make‑whole restricted stock unit grant vesting over the first two years, a pro‑rata 2025 long‑term incentive award targeted at $4,000,000 and a 2026 long‑term incentive award targeted at $8,000,000, both split between performance‑vesting and time‑vesting equity. If he is terminated without cause or resigns for good reason, he is eligible for cash severance, continued health coverage and accelerated or prorated equity vesting, with enhanced terms if this occurs around a change in control. Dr. Feehery will provide transition consulting services for a $20,000 monthly fee and receive pro‑rata vesting on certain 2025 equity awards.
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Insights
Certara outlines a structured CEO succession with sizable performance-linked equity incentives and defined severance protections.
Certara is transitioning leadership by naming Jon Resnick as CEO effective January 1, 2026, while Dr. William F. Feehery steps down at the end of December 31, 2025. Resnick will also join the Board as a Class III director through the 2026 annual meeting, aligning management and board roles.
Resnick’s pay package combines fixed and variable elements: an initial base salary of $750,000, an annual target bonus equal to 100% of salary, a make‑whole restricted stock unit grant valued at $6,500,000, and long‑term incentive targets of $4,000,000 for 2025 and $8,000,000 for 2026. The 2025 and 2026 awards are 60% performance‑vesting stock units and 40% time‑vesting restricted stock units, emphasizing multi‑year performance.
Severance terms provide 1x salary plus target bonus if Resnick is terminated without cause or leaves for good reason, rising to 1.5x during the six months before or 24 months after a change in control, along with COBRA coverage, accelerated vesting of make‑whole equity and specified vesting treatment for other awards. Feehery’s departure is treated as a termination without cause under his existing agreement, and he will receive $20,000 per month for consulting services, with pro‑rata vesting of certain 2025 equity grants to support continuity.
8-K Event Classification
FAQ
Who is becoming the new CEO of Certara (CERT) and when does he start?
Certara appointed Jon Resnick as its new Chief Executive Officer, effective January 1, 2026. He will replace Dr. William F. Feehery, who steps down on December 31, 2025.
What board role will Jon Resnick hold at Certara (CERT)?
Jon Resnick will serve as a Class III member of Certara’s Board of Directors starting January 1, 2026, with a term expiring at the company’s 2026 annual meeting of stockholders.
How is Certara (CERT) compensating new CEO Jon Resnick?
Resnick will receive an initial annual base salary of $750,000, an annual target bonus equal to 100% of salary, a make‑whole RSU grant valued at $6,500,000, a pro‑rata 2025 long‑term incentive award targeted at $4,000,000, and a 2026 long‑term incentive award targeted at $8,000,000, with 60% performance‑vesting and 40% time‑vesting equity.
What severance protections does Jon Resnick have at Certara (CERT)?
If Certara terminates Resnick without cause or he resigns for good reason, he is eligible for cash severance equal to 1x salary plus target bonus (or 1.5x during the six months before or 24 months after a change in control), a pro‑rated annual bonus, company‑paid COBRA coverage for up to 12 or 18 months, and accelerated or prorated vesting of specified equity awards.
What is Certara (CERT) paying outgoing CEO Dr. William F. Feehery after his departure?
Dr. Feehery’s departure will be treated as a termination without cause under his existing employment agreement, and he will also provide transition consulting services for a fee of $20,000 per month, terminable by either party on five days’ written notice. He will receive pro‑rata vesting of equity awards granted in May 2025 according to their terms.
Did Certara (CERT) issue a public communication about the CEO transition?
Yes. Certara issued a press release on December 11, 2025 announcing the executive transition. This press release is included as Exhibit 99.1 to the report.