Claritev (CTEV) director receives 8,977 restricted stock units in grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Prince John Michael reported acquisition or exercise transactions in this Form 4 filing.
Claritev Corp director Prince John Michael received an equity grant of Class A common stock. On April 29, 2026, he was awarded 8,977 restricted stock units at a stated price of $0.00 per share, increasing his directly held position to 21,662 shares.
The restricted stock units vest on the earlier of the one-year anniversary of the grant date or the next regularly scheduled annual meeting of stockholders, subject to continued service. If he voluntarily resigns (other than for cause), the units vest pro rata based on days of service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Prince John Michael
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 8,977 | $0.00 | -- |
Holdings After Transaction:
Class A common stock — 21,662 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 8,977 restricted stock units
Grant price: $0.00 per share
Holdings after grant: 21,662 shares
3 metrics
RSU grant size
8,977 restricted stock units
Award of Class A common stock on April 29, 2026
Grant price
$0.00 per share
Stated price for the restricted stock unit award
Holdings after grant
21,662 shares
Total Class A common stock directly held after the transaction
Key Terms
restricted stock units, regularly scheduled annual meeting of stockholders, voluntary resignation, termination for cause
4 terms
restricted stock units financial
"Represents restricted stock units which vest on the earlier of the one-year anniversary"
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.
regularly scheduled annual meeting of stockholders financial
"the date of the next regularly scheduled annual meeting of stockholders of the issuer"
voluntary resignation financial
"in the event of a voluntary resignation other than when grounds for termination for cause exist"
termination for cause financial
"other than when grounds for termination for cause exist"
FAQ
What did Claritev (CTEV) director Prince John Michael report in this Form 4?
Director Prince John Michael reported receiving 8,977 restricted stock units of Claritev Class A common stock. These were granted at a stated price of $0.00 per share and are part of his equity-based compensation as a board member.
When do the new Claritev (CTEV) restricted stock units vest for Prince John Michael?
The 8,977 restricted stock units vest on the earlier of the one-year anniversary of the April 29, 2026 grant date or the next regularly scheduled annual stockholder meeting. Vesting is conditioned on Prince John Michael’s continued service with Claritev through the applicable vesting date.
What happens to Prince John Michael’s Claritev (CTEV) RSUs if he resigns voluntarily?
If Prince John Michael resigns voluntarily, and his departure is not for cause, the restricted stock units vest on a pro rata basis. The pro rata calculation is based on the number of days of service he provided to Claritev from the grant date through his resignation date.
Was this Claritev (CTEV) Form 4 transaction an open-market purchase or sale?
No, this Form 4 reflects a grant of restricted stock units, not an open-market trade. The transaction code “A” designates a grant, award, or other acquisition, and the reported price per share of $0.00 confirms it was compensation-related, not a market purchase.