Claritev Corp (CTEV) CFO has 11,711 shares withheld to pay taxes
Rhea-AI Filing Summary
Claritev Corp EVP & CFO Garis Douglas Michael had 11,711 shares of Class A common stock withheld on August 5, 2026 at $26.13 per share to pay taxes on vesting restricted stock units. He now holds 194,441 shares directly, plus additional indirect holdings in several family Individual Retirement Accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,711 shares
Net Sell
5 txns
Insider
Garis Douglas Michael
Role
EVP&CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A common stock F1 | 11,711 | $26.13 | $306K |
| holding | Class A common stock | -- | -- | -- |
| holding | Class A common stock | -- | -- | -- |
| holding | Class A common stock | -- | -- | -- |
| holding | Class A common stock | -- | -- | -- |
Holdings After Transaction:
Class A common stock — 194,441 shares (Direct);
Class A common stock — 19,927 shares (Indirect, Spouse's Individual Retirement Account);
Class A common stock — 45,810 shares (Indirect, Reporting Person's Individual Retirement Account);
Class A common stock — 336 shares (Indirect, Daughter's Individual Retirement Account);
Class A common stock — 345 shares (Indirect, Son's Individual Retirement Account)
Footnotes (1)
- F1. Represents shares withheld to pay taxes applicable to vesting of restricted stock units.
Key Figures
Shares withheld for RSU taxes: 11,711 shares
Per-share value for withholding: $26.13 per share
Direct holdings after transaction: 194,441 shares
+4 more
7 metrics
Shares withheld for RSU taxes
11,711 shares
Class A common stock withheld on August 5, 2026 to pay RSU taxes
Per-share value for withholding
$26.13 per share
Value used for 11,711-share tax-withholding disposition
Direct holdings after transaction
194,441 shares
Class A common stock held directly by CFO after August 5, 2026
Spouse IRA indirect holdings
19,927 shares
Shares held through spouse's Individual Retirement Account
Reporting person's IRA holdings
45,810 shares
Shares held through reporting person's Individual Retirement Account
Daughter IRA indirect holdings
336 shares
Shares held through daughter's Individual Retirement Account
Son IRA indirect holdings
345 shares
Shares held through son's Individual Retirement Account
Key Terms
restricted stock units, Individual Retirement Account, tax liability
3 terms
restricted stock units financial
"Represents shares withheld to pay taxes applicable to vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Individual Retirement Account financial
"Spouse's Individual Retirement Account"
tax liability financial
"Payment of tax liability by delivering or withholding securities"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did CTEV's CFO report on August 5, 2026?
Claritev Corp EVP & CFO Garis Douglas Michael had 11,711 Class A shares withheld at $26.13 per share to pay taxes on vesting restricted stock units. This was recorded as a tax-withholding disposition rather than an open-market sale.
What are Garis Douglas Michael's direct Claritev (CTEV) holdings after this Form 4?
After the reported tax-withholding disposition, Garis Douglas Michael holds 194,441 Class A common shares directly. This post-transaction amount reflects his remaining direct ownership following the withholding of 11,711 shares for RSU-related tax payments.
What indirect Claritev (CTEV) holdings does the CFO report?
The CFO reports indirect holdings of 19,927 shares in his spouse's IRA, 45,810 shares in his own IRA, 336 shares in a daughter's IRA, and 345 shares in a son's IRA. These are classified as indirect ownership of Class A common stock.
Was the CTEV insider transaction reported under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox was not marked, so the transaction was not reported as made under a Rule 10b5-1 trading plan. It is presented simply as a tax-withholding disposition related to RSU vesting.