Clover Health awards 159K RSUs to MA CEO
Reynoso Jamie L. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Reynoso Jamie L. reported acquisition or exercise transactions in this Form 4 filing.
Clover Health Investments reported that Jamie L. Reynoso, CEO of Medicare Advantage, received a grant of 159,384 shares of Class A common stock in the form of time-based restricted stock units. These RSUs were awarded at no cash cost per share as equity compensation.
According to the grant terms, 25% of the RSUs will vest on the first anniversary of April 1, 2026. The remaining units will vest in twelve equal quarterly installments starting three months after that first anniversary, so that all RSUs are fully vested by April 1, 2030, subject to continued service. Following this award, Reynoso directly holds 2,876,119 shares of Class A common stock.
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Insider Trade Summary
Grant/Award: 159,384 shares
Grant/Award
1 txn
Insider
Reynoso Jamie L.
Role
CEO, Medicare Advantage
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 159,384 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 2,876,119 shares (Direct)
Footnotes (1)
- F1. Represents shares of Class A common stock underlying a time-based restricted stock unit award ("RSUs"). Twenty-five percent of the RSUs will vest on the first anniversary of April 1, 2026, and the remaining RSUs will vest in twelve equal quarterly installments beginning on the date that is three months after the first anniversary of April 1, 2026, in each case subject to the continued service of the Reporting Person on each such vesting date, so that such RSUs will be fully vested on April 1, 2030.
Key Figures
RSU award size: 159,384 shares
Grant price per share: $0.0000 per share
Shares held after award: 2,876,119 shares
+3 more
6 metrics
RSU award size
159,384 shares
Class A common stock RSUs granted to Jamie L. Reynoso
Grant price per share
$0.0000 per share
Equity compensation award, non-cash
Shares held after award
2,876,119 shares
Total direct Class A holdings following RSU grant
Initial vesting date
April 1, 2027
First anniversary of April 1, 2026 for 25% RSU vesting
Final vesting date
April 1, 2030
RSUs fully vested by this date if service continues
Quarterly vesting tranches
12 installments
Equal quarterly vesting after initial 25% vests
Key Terms
restricted stock unit, RSUs, vesting, Class A common stock, +1 more
5 terms
restricted stock unit financial
"Represents shares of Class A common stock underlying a time-based restricted stock unit award"
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.
RSUs financial
"Twenty-five percent of the RSUs will vest on the first anniversary of April 1, 2026"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
vesting financial
"the remaining RSUs will vest in twelve equal quarterly installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Class A common stock financial
"Represents shares of Class A common stock underlying a time-based restricted stock unit award"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did CLOV executive Jamie L. Reynoso receive?
Jamie L. Reynoso received a grant of 159,384 Class A common stock shares in the form of time-based restricted stock units. The award was granted at no cash cost per share as part of equity-based compensation, increasing her direct holdings in Clover Health Investments.
How do Jamie L. Reynoso’s new CLOV RSUs vest over time?
Twenty-five percent of the RSUs vest on the first anniversary of April 1, 2026. The remaining units vest in twelve equal quarterly installments beginning three months after that anniversary, so the entire RSU award becomes fully vested by April 1, 2030, assuming continued service.
Is Jamie L. Reynoso’s CLOV transaction a market purchase or a grant?
The transaction is a grant or award acquisition, not a market purchase. The Form 4 uses transaction code “A” for an award of 159,384 RSU-based shares at a price of $0.0000 per share, reflecting stock-based compensation rather than an open-market buy transaction.
What role does Jamie L. Reynoso hold at Clover Health (CLOV)?
Jamie L. Reynoso serves as an officer of Clover Health with the title CEO, Medicare Advantage. The reported RSU award aligns her compensation with the company’s performance by granting time-based restricted stock units that vest over several years, contingent on her continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
