Claritev Corp (CTEV) COO earns 8,723 performance stock units
Rhea-AI Filing Summary
Claritev Corp executive vice president and chief operating officer Jerome Hogge reported an equity compensation grant. He acquired 8,723 shares of Class A common stock at a price of $0.00 per share as a grant or award, bringing his direct holdings to 98,746 shares.
The award represents earned performance-based restricted stock units that will vest in the first quarter of 2027, subject to his continued employment. These PSUs were tied to a two-year revenue performance period ending December 31, 2025, with company revenue levels resulting in him earning 67% of the originally awarded units.
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Insider Trade Summary
Net Buyer: 8,723 shares
Net Buy
1 txn
Insider
Hogge Jerome
Role
EVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 8,723 | $0.00 | $0.00 |
Holdings After Transaction:
Class A common stock — 98,746 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 Corp (CTEV) report for Jerome Hogge?
Claritev Corp reported that EVP and COO Jerome Hogge acquired 8,723 shares of Class A common stock as an equity award. This grant came at a price of $0.00 per share and reflects performance-based restricted stock units earned under the company’s 2020 Omnibus Incentive Plan.
What type of equity award did Claritev Corp (CTEV) grant to Jerome Hogge?
Jerome Hogge received earned performance-based restricted stock units (PSUs) linked to Claritev Corp Class A common stock. These PSUs were granted at no cost, contingent on revenue-based performance criteria under the company’s 2020 Omnibus Incentive Plan and the applicable PSU award agreement.
When will Jerome Hogge’s Claritev Corp (CTEV) performance stock units vest?
The earned performance-based restricted stock units awarded to Jerome Hogge are scheduled to vest in the first quarter of 2027. Vesting remains subject to his continued employment with Claritev Corp, aligning long-term executive incentives with the company’s multi-year performance and retention goals.
How were Jerome Hogge’s Claritev Corp (CTEV) PSUs performance-tested?
The PSUs were tied to Claritev Corp’s total revenue over a two-year performance period ending December 31, 2025. After the compensation committee certified results versus target, Hogge earned 67% of the originally awarded PSUs based on the company’s revenue performance for that period.
Was Jerome Hogge’s Claritev Corp (CTEV) transaction an open-market purchase?
No, the transaction was not an open-market purchase. It was recorded as a grant, award, or other acquisition of 8,723 shares at $0.00 per share, representing earned performance-based restricted stock units approved and certified under Claritev Corp’s 2020 Omnibus Incentive Plan.