Form 4: Certara CFO John E. Gallagher III Reports Stock Transactions
SEC Form 4 Filing
John E. Gallagher III, CFO of Certara, Inc., reports the vesting and settlement of restricted stock units (RSUs) and associated tax withholding.
Summary
- On April 1, 2024, John E. Gallagher III, CFO of Certara, Inc., engaged in transactions involving Certara's common stock.
- These transactions included the vesting and settlement of restricted stock units (RSUs) granted under the company's 2020 Incentive Plan.
- Specifically, 14,663 RSUs vested and were settled, with half vesting on April 1, 2024, and the remainder scheduled for April 1, 2025.
- Additionally, 12,632 RSUs vested and were settled, with one-third vesting on April 1, 2024, and the remaining two-thirds scheduled for April 1, 2025, and April 1, 2026.
- 45,571 RSUs were granted on April 1, 2024, and will vest in three equal installments on April 1, 2025, April 1, 2026, and April 1, 2027.
- A total of 4,750 shares were withheld to cover tax obligations related to the vesting of RSUs at a price of $17.88 per share.
- Following these transactions, Gallagher directly owns 18,218 shares of Certara common stock and 25,266 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The remaining RSUs are scheduled to vest and settle on April 1, 2025, April 1, 2026 and April 1, 2027.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice for publicly traded companies.
Stakeholder Impact
- Shareholders are informed about the CFO's stock transactions, providing transparency into insider activity.
Key Dates
| Date | Description |
|---|---|
| 04/01/2023 | Date of grant for 14,663 and 12,632 Restricted Stock Units (RSUs) under the 2020 Incentive Plan. |
| 04/01/2024 | Date of transaction: Vesting and settlement of RSUs, tax withholding, and grant of 45,571 RSUs. |
| 04/01/2025 | Scheduled vesting and settlement date for remaining half of the 14,663 RSUs granted on April 1, 2023. |
| 04/01/2025 | Scheduled vesting and settlement date for one-third of the 12,632 RSUs granted on April 1, 2023. |
| 04/01/2026 | Scheduled vesting and settlement date for one-third of the 12,632 RSUs granted on April 1, 2023. |
| 04/01/2027 | Scheduled vesting and settlement date for one-third of the 45,571 RSUs granted on April 1, 2024. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.