Clover Health (CLOV) executive receives 191,261 RSUs vesting through 2030
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Priest Brady Patrick reported acquisition or exercise transactions in this Form 4 filing.
Clover Health Investments insider Brady Patrick Priest, CEO of Clover Care Services, received an award of 191,261 shares of Class A Common Stock in the form of time-based restricted stock units. These RSUs were granted at no cash purchase price as part of his equity compensation.
After this award, Priest directly holds 2,189,845 shares of Class A Common Stock. Twenty-five percent of the RSUs will vest on the first anniversary of April 1, 2026, and the remaining units will vest in twelve equal quarterly installments, becoming fully vested on April 1, 2030, assuming his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Priest Brady Patrick
Role
CEO of Clover Care Services
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 191,261 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 2,189,845 shares (Direct)
Footnotes (1)
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Key Figures
RSU Award: 191,261 shares
Post-transaction holdings: 2,189,845 shares
Grant price: $0.00 per share
+2 more
5 metrics
RSU Award
191,261 shares
Time-based restricted stock unit grant on April 1, 2026
Post-transaction holdings
2,189,845 shares
Total Class A Common Stock held directly after award
Grant price
$0.00 per share
Equity compensation, not open-market purchase
Initial vesting tranche
25% of RSUs
Vests on first anniversary of April 1, 2026
Remaining vesting schedule
12 equal quarterly installments
From three months after first anniversary to April 1, 2030
Key Terms
restricted stock unit, Class A Common Stock, vesting, quarterly installments
4 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.
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.
vesting financial
"Twenty-five percent of the RSUs will vest on the first anniversary of April 1, 2026"
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.
quarterly installments financial
"the remaining RSUs will vest in twelve equal quarterly installments"
FAQ
What insider transaction did CLOV executive Brady Patrick Priest report?
Brady Patrick Priest reported receiving 191,261 shares of Class A Common Stock as a time-based restricted stock unit award. The grant carried a per-share price of $0.00, reflecting equity compensation rather than an open-market purchase for cash.
How do the CLOV restricted stock units granted to Brady Patrick Priest vest?
The restricted stock units vest over four years. Twenty-five percent vest on the first anniversary of April 1, 2026, with the remainder vesting in twelve equal quarterly installments until April 1, 2030, contingent on Priest’s continued service each vesting date.
What type of security was involved in Brady Patrick Priest’s CLOV transaction?
The transaction involved Class A Common Stock of Clover Health, delivered through a time-based restricted stock unit award. Each RSU represents one share of Class A Common Stock that will be issued as the units vest over the specified schedule through 2030.