PINC Form 4: Crystal Climer receives 17,682 performance-based Class A shares
Rhea-AI Filing Summary
Insider equity allocation recorded for Premier, Inc. (PINC). Crystal Climer, the company's Chief Accounting Officer and a director-level reporting person, was allocated performance-based Class A common stock on 08/19/2025. The Form 4 shows three non‑cash acquisitions totaling 17,682 shares: 1,217 shares, 2,496 shares and 13,969 shares. The report explains these represent Performance Share Awards tied to Premier's fiscal 2025 results that will not vest until after a three-year performance cycle and are subject to continued employment. Following the reported allocations, the filings list beneficial ownership levels of 31,477; 33,973; and 47,942 shares respectively after each transaction. The form is signed by David L. Klatsky as attorney-in-fact on 08/20/2025.
Positive
- Performance-based awards were granted, aligning executive compensation with multi-year company performance
- Substantial total allocation of 17,682 Class A shares increases insider stake and potential alignment with shareholders
Negative
- Awards are unvested and contingent on a three-year performance cycle and continued employment, so no immediate ownership control change
- Reported price is $0 because these are awards, so there was no cash purchase or proceeds reported
Insights
TL;DR: Routine performance-based equity awards granted to an officer, deferred vesting reduces immediate dilution risk.
The transactions are described as Performance Share Awards allocated for fiscal 2025 performance and recorded as acquisitions with a $0 price because they are awards rather than open-market purchases. The awards total 17,682 Class A shares and will vest only after a three-year performance cycle and continued employment, which aligns executive compensation with multi-year performance. These are typical compensation-related filings and do not indicate cash inflows or open-market trading by the officer.
TL;DR: Compensation disclosure consistent with standard long-term incentive practices; vesting condition noted.
The Form 4 correctly discloses the allocation and the restrictive vesting schedule. The $0 price and explanatory footnote explicitly state these are performance awards tied to fiscal 2025 metrics and a three-year cycle subject to continued employment, which is a common governance mechanism to retain senior officers and align pay with results. No amendment or corrective language appears necessary based on the provided content.