Claritev (CTEV) director granted 8,977 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kap Jason Lamar reported acquisition or exercise transactions in this Form 4 filing.
Claritev Corp director Jason Lamar Kap received an award of 8,977 shares of Class A common stock as restricted stock units. These units vest on the earlier of one year from the grant date or the next annual stockholder meeting, subject to continued service.
Following this grant, he directly holds 16,333 shares. If he voluntarily resigns (other than for cause), the restricted stock units vest on a pro rata basis according to days of service provided before departure.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kap Jason Lamar
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 8,977 | $0.00 | -- |
Holdings After Transaction:
Class A common stock — 16,333 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 8,977 shares
Holdings after grant: 16,333 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
RSUs granted
8,977 shares
Restricted stock units of Class A common stock granted to director
Holdings after grant
16,333 shares
Total Class A common stock directly held after transaction
Grant price per share
$0.00 per share
Equity compensation award with no cash consideration reported
Vesting period
One year or next annual meeting
RSUs vest on earlier of one-year anniversary or next annual stockholder meeting
Key Terms
restricted stock units, vest, 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.
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.
voluntary resignation financial
"units vest pro rata based on the number of days of service in the event of a voluntary resignation"
termination for cause financial
"voluntary resignation other than when grounds for termination for cause exist"
FAQ
What did Claritev (CTEV) director Jason Lamar Kap report in this Form 4?
Director Jason Lamar Kap reported receiving 8,977 Class A common shares as restricted stock units. These are a stock-based compensation award, not an open-market purchase, and increase his direct holdings to 16,333 shares after the transaction.
What is Jason Lamar Kap’s total Claritev (CTEV) holding after this Form 4 transaction?
After the grant, Jason Lamar Kap directly holds 16,333 shares of Claritev Class A common stock. This total includes the newly awarded 8,977 restricted stock units, which are subject to vesting conditions tied to his continued service with the company.
How do the restricted stock units for Claritev (CTEV) director Jason Lamar Kap vest?
The restricted stock units vest on the earlier of the one-year anniversary of the grant date or the next regular annual stockholder meeting. Vesting is conditioned on continued service, with pro rata vesting if he voluntarily resigns without grounds for termination for cause.
Is Jason Lamar Kap’s Claritev (CTEV) Form 4 transaction a market purchase or sale?
It is not a market purchase or sale. The Form 4 reports a grant of 8,977 restricted stock units as compensation, recorded with transaction code A. No open-market buying or selling price is reported because the shares were awarded at zero cash consideration.
What happens to Jason Lamar Kap’s Claritev (CTEV) RSUs if he resigns voluntarily?
If he resigns voluntarily and there are no grounds for termination for cause, the restricted stock units vest on a pro rata basis. The number that vests is calculated according to the days of service he provided to Claritev before his resignation date.