Claritev Corp (CTEV) director receives 8,977 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clarke Richard A reported acquisition or exercise transactions in this Form 4 filing.
Claritev Corp director Clarke Richard A reported receiving a grant of 8,977 shares of Class A common stock in the form of restricted stock units at a price of $0.00 per share. Following this equity award, he directly holds 24,334 shares.
The restricted stock units vest on the earlier of the one-year anniversary of the grant date or the issuer’s next regularly scheduled annual stockholder meeting, subject to continued service. If he voluntarily resigns when there are no grounds for termination for cause, the units vest on a pro rata basis according to days of service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Clarke Richard A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 8,977 | $0.00 | -- |
Holdings After Transaction:
Class A common stock — 24,334 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 8,977 shares
Grant price per share: $0.00 per share
Shares held after grant: 24,334 shares
+1 more
4 metrics
RSU grant size
8,977 shares
Restricted stock units of Class A common stock granted to director
Grant price per share
$0.00 per share
Equity compensation grant, not an open-market purchase
Shares held after grant
24,334 shares
Total direct Class A common stock holdings following the award
Vesting trigger
Earlier of one year or next annual meeting
RSUs vest on the earlier of grant’s one-year anniversary or next annual stockholder meeting
Key Terms
restricted stock units, vest, pro rata, 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.
vest financial
"restricted stock units which vest on the earlier of the one-year anniversary"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
pro rata financial
"restricted stock units vest pro rata based on the number of days of service"
Pro rata means dividing or distributing something proportionally based on a specific factor, such as ownership or contribution. For example, if an investor owns 10% of a company, they would receive 10% of any dividends or benefits allocated. This approach ensures everyone gets their fair share relative to their stake or input, helping investors understand how benefits, costs, or responsibilities are fairly shared.
termination for cause financial
"other than when grounds for termination for cause exist"
FAQ
What insider transaction did Claritev Corp (CTEV) report for Clarke Richard A?
Claritev Corp reported that director Clarke Richard A received 8,977 shares of Class A common stock as a restricted stock unit grant. The award was recorded at $0.00 per share, reflecting a compensation grant rather than an open-market purchase or sale.
When do Clarke Richard A’s Claritev (CTEV) restricted stock units vest?
The restricted stock units vest on the earlier of the one-year anniversary of the grant date or the next regularly scheduled annual stockholder meeting. Vesting is conditioned on continued service through that date, according to the terms disclosed in the footnote.
What happens to Claritev (CTEV) RSUs if Clarke Richard A resigns voluntarily?
If Clarke Richard A voluntarily resigns and there are no grounds for termination for cause, his restricted stock units vest on a pro rata basis. The pro rata amount is determined by the number of days of service he provided to Claritev Corp before his resignation.
Is Clarke Richard A’s Claritev (CTEV) transaction an open-market buy or sell?
The transaction is not an open-market buy or sell. It is classified as a grant or award acquisition of 8,977 restricted stock units, recorded at $0.00 per share, reflecting stock-based compensation rather than a market trade.