Claritev SVP awarded 1,421 performance stock units
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.
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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 1,421 | $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.
FAQ
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What insider transaction did Claritev Corp (CTEV) disclose for Tara O'Neil?
Was the Claritev (CTEV) insider transaction a stock purchase or an equity award?
What performance conditions were tied to Tara O'Neil’s Claritev (CTEV) PSU award?
When will Tara O'Neil’s earned Claritev (CTEV) performance stock units vest?
What plan governed the Claritev (CTEV) performance stock units granted to Tara O'Neil?
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