Certara (CERT) grants new PSUs and RSUs to President and Chief Commercial Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Certara, Inc. reported equity compensation changes for President and Chief Commercial Officer Leif E. Pedersen. On May 11, 2026, he received grants of 111,111 performance stock units and 74,074 restricted stock units at no cash cost, each unit tied to one share of common stock or its cash equivalent.
The new performance stock units can ultimately deliver between 0% and 200% of the target share amount based on Certara’s total shareholder return through periods ending on March 31, 2028 and March 31, 2029 under the company’s long-term incentive plans. The restricted stock units are scheduled to vest in three equal installments on April 1, 2027, April 1, 2028, and April 1, 2029. The filing also shows a prior grant of 68,348 performance stock units was returned to the issuer, leaving no units outstanding from that earlier award.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Pedersen Leif E
Role
PRESIDENT, CHIEF COMMERCAL OFF
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Stock Units | 68,348 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 68,348 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 74,074 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 111,111 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct, null);
Restricted Stock Units — 74,074 shares (Direct, null)
Footnotes (1)
- Each Certara, Inc. ("Company") performance stock unit ("PSU") was granted on May 20, 2025, pursuant to the terms of the 2025 Long-Term Incentive Plan for Company executives approved by the Compensation Committee of the Company's Board of Directors, under the Certara 2020 Incentive Plan (the "2020 Incentive Plan"). Each PSU represents a conditional right to receive one share of Company common stock. The reporting person will be entitled to receive a number of shares between 0% and 200% of the target amount reported based on the Company's performance against certain total shareholder return thresholds through the period ending on March 31, 2028. Each restricted stock unit ("RSU") was granted on May 11, 2026, under the 2020 Incentive Plan and represents a right to receive one share of common stock or the cash equivalent. The RSUs will vest and settle in three equal installments on April 1, 2027, April 1, 2028, and April 1, 2029. Each Company PSU was granted on May 11, 2026, pursuant to the terms of the 2026 Long-Term Incentive Plan for Company executives approved by the Compensation Committee of the Company's Board of Directors, under the 2020 Incentive Plan. Each PSU represents a conditional right to receive one share of Company common stock. The reporting person will be entitled to receive a number of shares between 0% and 200% of the target amount reported based on the Company's performance against certain total shareholder return thresholds through the period ending on March 31, 2029.
Key Figures
Performance stock units granted: 111,111 units
Restricted stock units granted: 74,074 units
Earlier PSUs disposed to issuer: 68,348 units
+4 more
7 metrics
Performance stock units granted
111,111 units
Granted May 11, 2026; each unit tied to one common share
Restricted stock units granted
74,074 units
Granted May 11, 2026; vesting 2027–2029 in three installments
Earlier PSUs disposed to issuer
68,348 units
Performance stock units returned to issuer; zero remaining from that grant
PSU payout range
0%–200% of target
Based on total shareholder return thresholds through March 31, 2028 and 2029
RSU vesting dates
April 1, 2027/2028/2029
Three equal installments for 74,074 RSUs
PSU performance period end (2028 plan)
March 31, 2028
Determines payout for one set of PSUs based on TSR
PSU performance period end (2029 plan)
March 31, 2029
Determines payout for another PSU grant based on TSR
Key Terms
Performance stock unit, Restricted stock unit, total shareholder return thresholds, 2020 Incentive Plan, +1 more
5 terms
Performance stock unit financial
"Each Certara, Inc. ("Company") performance stock unit ("PSU") was granted on May 20, 2025"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
Restricted stock unit financial
"Each restricted stock unit ("RSU") was granted on May 11, 2026, under the 2020 Incentive Plan"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
2020 Incentive Plan financial
"approved by the Compensation Committee ... under the Certara 2020 Incentive Plan (the "2020 Incentive Plan")"
Long-Term Incentive Plan financial
"pursuant to the terms of the 2025 Long-Term Incentive Plan for Company executives"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
FAQ
What equity awards did CERT executive Leif Pedersen receive on May 11, 2026?
Leif Pedersen received grants of 111,111 performance stock units and 74,074 restricted stock units. Each unit is linked to one share of Certara common stock or its cash equivalent, forming a significant part of his long-term incentive compensation package.
How do Certara (CERT) performance stock units for Leif Pedersen pay out?
Each performance stock unit can pay out between 0% and 200% of the target share amount. The actual number depends on Certara’s total shareholder return versus set thresholds over performance periods ending March 31, 2028 and March 31, 2029.
When will Leif Pedersen’s Certara restricted stock units vest?
The 74,074 restricted stock units vest in three equal annual installments. They are scheduled to settle on April 1, 2027, April 1, 2028, and April 1, 2029, aligning Pedersen’s compensation with multi‑year company performance and retention goals.
What happened to the earlier 68,348 Certara performance stock units reported for Leif Pedersen?
An earlier grant of 68,348 performance stock units was disposed of to the issuer, leaving none outstanding from that award. This disposition reflects a return of those units to Certara rather than an open‑market sale transaction.
Under which plans were Leif Pedersen’s new Certara equity awards granted?
The awards were made under Certara’s 2020 Incentive Plan and related long‑term incentive programs. Performance stock units came from the 2025 and 2026 Long-Term Incentive Plans for executives, while restricted stock units were granted directly under the 2020 Incentive Plan.
Do Leif Pedersen’s Certara equity grants involve any cash exercise price?
No, the reported performance and restricted stock units have a stated price of $0.0000 per unit. They represent rights to receive Certara common stock or cash equivalents upon vesting or performance satisfaction, rather than options requiring a cash exercise.