Certara (CERT) CFO awarded new performance and restricted stock units in long-term plans
Rhea-AI Filing Summary
Certara, Inc. Chief Financial Officer John E. Gallagher reported equity-based compensation awards tied to the company’s long-term incentive plans. On May 11, 2026, he received grants of 194,444 performance stock units and 129,629 restricted stock units, each representing rights to receive common shares at no purchase price.
The restricted stock units are scheduled to vest in three equal installments on April 1, 2027, April 1, 2028, and April 1, 2029. He also received an additional 102,522 performance stock units grant and simultaneously reported a disposition of a prior 102,522 performance stock units award back to the issuer, leaving no remaining units from that earlier grant. The new performance stock units can ultimately deliver between 0% and 200% of the target share amounts based on total shareholder return performance through periods ending March 31, 2028 and March 31, 2029.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Stock Units | 102,522 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 102,522 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 129,629 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 194,444 | $0.00 | -- |
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.