Claritev (CTEV) HR chief earns 67% of revenue-based PSU award
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Carol Nutter
Role
SVP, Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 1,884 | $0.00 | -- |
Holdings After Transaction:
Class A common stock — 30,748 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What did Claritev Corp (CTEV) disclose about Carol Nutter’s latest equity award?
Claritev disclosed that SVP and Chief People Officer Carol Nutter acquired 1,884 shares of Class A common stock via earned PSUs. The award reflects performance-based compensation tied to Claritev’s revenue results over a defined two-year period ending December 31, 2025.
What performance period determined the earned PSUs in Claritev’s (CTEV) Form 4 filing?
The earned PSUs were based on Claritev’s revenue for a two-year performance period ending December 31, 2025. The Compensation Committee certified results against revenue targets, which then determined what portion of the original PSU award granted on March 1, 2024 was actually earned.
What percentage of the original PSU award did Carol Nutter earn at Claritev (CTEV)?
Carol Nutter earned 67% of her originally awarded performance-based restricted stock units. This percentage reflects Claritev’s total revenue for the two-year performance period as compared to the revenue target that governed the PSU award’s performance condition under the company’s 2020 Omnibus Incentive Plan.
When will the earned PSUs for Carol Nutter at Claritev (CTEV) vest?
The earned performance-based restricted stock units are scheduled to vest in the first quarter of 2027. Vesting is conditioned on Nutter’s continued employment with Claritev, in line with the terms of the 2020 Omnibus Incentive Plan and the applicable PSU award agreement.
How were the performance conditions for Claritev (CTEV) PSUs determined and certified?
The PSU performance condition is based on Claritev’s revenue over the two-year period ending December 31, 2025. The Compensation Committee of the Board certified that revenue criteria were met, which then established that 67% of the PSUs granted on March 1, 2024 were earned.