Claritev EVP earns 2,444 performance stock units
Claritev Corp executive vice president and chief digital officer Kim Michael reported an acquisition of 2,444 shares of Class A common stock at $0.0000 per share through a grant/award transaction.
Rhea-AI Filing Summary
Claritev Corp executive vice president and chief digital officer Kim Michael reported an acquisition of 2,444 shares of Class A common stock at $0.0000 per share through a grant/award transaction. These represent earned performance-based restricted stock units tied to the company’s revenue.
The units were earned at 67% of the original performance award after the compensation committee certified revenue-based results for the two-year period ending December 31, 2025. The PSUs are scheduled to vest in the first quarter of 2027, subject to continued employment. Following this award, Michael directly holds 107,973 shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 2,444 | $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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