Claritev (CTEV) HR chief earns 67% of revenue-based PSU award
Rhea-AI Filing Summary
Claritev Corp reported that SVP and Chief People Officer Carol Nutter acquired 1,884 shares of Class A common stock through an earned performance-based restricted stock unit (PSU) award. This increased her direct holdings to 30,748 shares.
The PSUs were earned after the Compensation Committee certified that Claritev’s revenue for the two-year performance period ending December 31, 2025 met revenue-based performance criteria. The company’s total revenue versus target resulted in Nutter earning 67% of the originally awarded PSUs. These earned PSUs are scheduled to vest in the first quarter of 2027, subject to her continued employment with Claritev under the 2020 Omnibus Incentive Plan and the applicable PSU award agreement.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 1,884 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents earned performance-based restricted stock units ("PSUs"), which will vest in the first quarter of 2027, subject to Participant's continued employment with Claritev Corporation (the "Company"). The PSUs were earned after certification by the Compensation Committee of Board of Directors of the Company upon the satisfaction of revenue-based performance criteria underlying an award of PSUs granted to the Reporting Person on March 1, 2024 under the terms of the Company's 2020 Omnibus Incentive Plan and the applicable PSU award agreement. The award provides a performance condition based on the Company's revenue for the two-year performance period ending December 31, 2025. The Company's total revenue for the two-year performance period as compared to target resulted in Participant earning 67% of the awarded PSUs based on revenue.
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