Form 4: Certara Executive Leif E. Pedersen Reports Stock Award Vesting and Tax Withholding
SEC Form 4 Filing
Leif E. Pedersen, President and Chief Commercial Officer of Certara, Inc., reports the vesting of performance stock units and subsequent tax withholding.
Summary
- On March 5, 2024, Leif E. Pedersen, President and Chief Commercial Officer of Certara, Inc., had performance stock units (PSUs) vest, resulting in the acquisition of 15,548 shares of common stock.
- These PSUs were granted on April 1, 2021, under the Certara, Inc. 2020 Incentive Plan and were subject to performance objectives over a three-year period from January 1, 2021, to December 31, 2023.
- To cover tax withholding obligations related to the vesting, 4,050 shares were withheld at a price of $18.88 per share.
- Following these transactions, Pedersen directly owns 140,381 shares of Certara, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 2021-01-01 | Start date of the three-year performance period for the PSUs. |
| 2021-04-01 | Date the performance stock units (PSUs) were granted. |
| 2023-12-31 | End date of the three-year performance period for the PSUs. |
| 2024-03-05 | Date of PSU vesting and tax withholding. |
| 2024-03-06 | Date of the signature on the Form 4 filing. |
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