Claritev Corp (CTEV) director awarded 8,977 restricted stock units
Rhea-AI Filing Summary
HARRIS C MARTIN reported acquisition or exercise transactions in this Form 4 filing.
Claritev Corp director Harris C. Martin received an equity award of 8,977 shares of Class A common stock in the form of restricted stock units. The award was granted at a price of $0.00 per share as compensation, not through an open-market purchase.
After this grant, Martin directly holds 24,282 shares of Claritev Corp common stock. The restricted stock units vest on the earlier of one year from the grant date or the next regularly scheduled annual stockholder meeting, subject to continued service, with pro rata vesting in certain resignation scenarios.
Positive
- None.
Negative
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Insights
Director received a routine stock grant that modestly increases direct holdings.
The filing shows Claritev Corp director Harris C. Martin was granted 8,977 restricted stock units of Class A common stock at $0.00 per share. This is a non-cash, compensation-related acquisition, not an open-market purchase or sale.
The award vests on the earlier of the one-year anniversary of the grant or the next annual stockholder meeting, contingent on continued service, with pro rata vesting on certain voluntary resignations. Following the grant, Martin directly owns 24,282 shares, indicating this is a modest, routine board compensation action rather than a directional trading signal.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 8,977 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents restricted stock units which vest on the earlier of the one-year anniversary of the grant date and the date of the next regularly scheduled annual meeting of stockholders of the issuer, subject to continued service through the vesting date; provided, however, that the restricted stock units vest pro rata based on the number of days of service provided to the issuer in the event of a voluntary resignation other than when grounds for termination for cause exist.
Key Figures
Key Terms
restricted stock units financial
vesting date financial
annual meeting of stockholders financial
voluntary resignation financial
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