Claritev EVP awarded 8,723 performance stock units
Claritev Corp executive vice president and chief operating officer Jerome Hogge reported an equity compensation grant.
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.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 8,723 | $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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