Certara SVP granted PSUs and RSUs
Certara, Inc. reported new equity awards for SVP and General Counsel Daniel Corcoran.
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Form Type
4
Rhea-AI Filing Summary
Certara, Inc. reported new equity awards for SVP and General Counsel Daniel Corcoran. On May 11, 2026, he received grants of 111,111 performance stock units and 74,074 restricted stock units, each representing rights to receive common shares under the company’s 2020 Incentive Plan.
The PSUs can ultimately settle at 0% to 200% of the target amounts based on Certara’s total shareholder return through periods ending March 31, 2028 and March 31, 2029. The RSUs are scheduled to vest in three equal installments on April 1, 2027, April 1, 2028, and April 1, 2029. The filing also records a 48,820‑unit PSU grant and a matching 48,820‑unit disposition back to the issuer.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Corcoran Daniel
Role
SVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Stock Units | 48,820 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 48,820 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 74,074 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 111,111 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Stock Units — 159,931 contracts (Direct);
Restricted Stock Units — 74,074 contracts (Direct)
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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
PSU grant: 111,111 units
RSU grant: 74,074 units
Additional PSU grant: 48,820 units
+5 more
8 metrics
PSU grant
111,111 units
Performance stock units granted May 11, 2026
RSU grant
74,074 units
Restricted stock units granted May 11, 2026
Additional PSU grant
48,820 units
Performance stock units granted May 11, 2026
PSU disposition
48,820 units
Disposition to issuer, leaving 0 units from that grant
PSU payout range
0%–200%
Range of shares deliverable vs. target based on TSR
RSU vesting dates
April 1, 2027/2028/2029
Three equal RSU installments
PSU performance period 1 end
March 31, 2028
Total shareholder return measurement date
PSU performance period 2 end
March 31, 2029
Total shareholder return measurement date
Key Terms
Performance Stock Units, Restricted Stock Units, 2020 Incentive Plan, Long-Term Incentive Plan, +1 more
5 terms
Performance Stock Units financial
"Each Certara, Inc. ("Company") performance stock unit ("PSU") was granted on May 20, 2025..."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Restricted Stock Units financial
"Each restricted stock unit ("RSU") was granted on May 11, 2026, under the 2020 Incentive Plan..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did Certara (CERT) grant to Daniel Corcoran in this Form 4?
Daniel Corcoran received 111,111 performance stock units and 74,074 restricted stock units. Each unit represents a right to one Certara common share, subject to performance or time-based vesting conditions defined under the company’s 2020 Incentive Plan.
How do Daniel Corcoran’s new Certara performance stock units (PSUs) work?
Each PSU is a conditional right to one Certara share, with payout between 0% and 200% of the target amount. Actual shares depend on Certara’s total shareholder return performance through March 31, 2028 and March 31, 2029, as specified for the respective grants.
When will Daniel Corcoran’s Certara restricted stock units (RSUs) vest?
The RSUs vest and settle in three equal installments on April 1, 2027, April 1, 2028, and April 1, 2029. Upon each vesting date, Corcoran is entitled to receive either Certara common shares or their cash equivalent, as described in the award terms.
What does the 0% to 200% PSU payout range mean for Certara (CERT)?
The 0% to 200% range means Corcoran may receive anywhere from none to double the target PSU shares. The actual number depends on Certara’s total shareholder return relative to thresholds set for periods ending March 31, 2028 and March 31, 2029.
What is the significance of the 48,820 Certara PSUs disposed in this filing?
The filing records a 48,820‑unit PSU grant and a matching 48,820‑unit disposition to the issuer, leaving zero units from that specific grant. This code D transaction reflects a disposition to Certara rather than an open‑market sale or purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
