Claritev (CTEV) EVP granted 2,444 revenue-based performance stock units
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
Net Buyer: 2,444 shares
Net Buy
1 txn
Insider
Kim Michael
Role
EVP, Chief Digital Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 2,444 | $0.00 | $0.00 |
Holdings After Transaction:
Class A common stock — 107,973 shares (Direct)
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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FAQ
What insider transaction did Claritev (CTEV) report for Kim Michael?
Claritev reported that EVP and Chief Digital Officer Kim Michael acquired 2,444 shares of Class A common stock via an award of earned performance-based restricted stock units. The transaction was recorded at a price of $0.0000 per share as a grant/award acquisition.
What performance criteria determined Kim Michael’s PSU award at Claritev (CTEV)?
The performance-based restricted stock units were tied to Claritev’s total revenue for a two-year performance period ending December 31, 2025. Based on revenue versus target, the participant earned 67% of the originally awarded PSUs under the company’s 2020 Omnibus Incentive Plan.
When will Kim Michael’s performance-based RSUs 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 Kim Michael’s continued employment with Claritev Corporation through that time, as specified in the applicable PSU award agreement and plan documents.
How were Kim Michael’s performance stock units at Claritev (CTEV) approved?
The PSUs were earned after the compensation committee of Claritev’s board certified that revenue-based performance criteria were satisfied. This certification followed an award originally granted on March 1, 2024 under the 2020 Omnibus Incentive Plan and the applicable PSU award agreement.
What percentage of the original PSU award did Kim Michael earn at Claritev (CTEV)?
Kim Michael earned 67% of the originally awarded performance-based restricted stock units. This percentage was determined by comparing Claritev’s total revenue over the two-year performance period ending December 31, 2025 against the revenue target set in the PSU award’s performance condition.