Claritev (CTEV) SVP, General Counsel earns 1,421 performance stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Claritev Corp reported that SVP and General Counsel Tara O'Neil acquired 1,421 shares of Class A common stock through an earned grant, not an open-market purchase. The award consists of performance-based restricted stock units that were earned after revenue criteria were met for a two-year period ending December 31, 2025.
These performance stock units are scheduled to vest in the first quarter of 2027, subject to her continued employment with Claritev under the company’s 2020 Omnibus Incentive Plan. Following this award, her directly held Class A common stock totaled 26,449 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
O'Neil Tara
Role
SVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 1,421 | $0.00 | -- |
Holdings After Transaction:
Class A common stock — 26,449 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Claritev Corp (CTEV) disclose for Tara O'Neil?
Claritev disclosed that SVP and General Counsel Tara O'Neil acquired 1,421 Class A common shares via an earned equity award. These shares represent performance-based restricted stock units granted under the 2020 Omnibus Incentive Plan rather than an open-market stock purchase.
Was the Claritev (CTEV) insider transaction a stock purchase or an equity award?
The Claritev insider transaction was an equity award, not a market purchase. Tara O'Neil received 1,421 performance-based restricted stock units that converted into Class A common shares after revenue goals were certified as achieved under the company’s long-term incentive plan.
What performance conditions were tied to Tara O'Neil’s Claritev (CTEV) PSU award?
The award was based on Claritev’s total revenue over a two-year performance period ending December 31, 2025. After the Compensation Committee certified results against the revenue target, O'Neil earned 67% of the originally granted performance stock units under the plan’s terms.
When will Tara O'Neil’s earned Claritev (CTEV) performance stock units vest?
The earned performance-based restricted stock units are scheduled to vest in the first quarter of 2027. Vesting remains subject to her continued employment with Claritev Corporation, consistent with the conditions set out in the 2020 Omnibus Incentive Plan and the applicable PSU award agreement.
What plan governed the Claritev (CTEV) performance stock units granted to Tara O'Neil?
The performance-based restricted stock units were granted under Claritev’s 2020 Omnibus Incentive Plan. The plan and the specific PSU award agreement set the revenue-based performance conditions, certification process, and continued employment requirement for vesting in the first quarter of 2027.