Clover Health executive granted 191,261 RSUs
Priest Brady Patrick reported acquisition or exercise transactions in this Form 4 filing.
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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 191,261 | $0.00 | $0.00 |
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
Key Terms
restricted stock unit financial
Class A Common Stock financial
vesting financial
quarterly installments financial
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