Form 4: Certara Executive Leif E. Pedersen Reports Stock Transactions
SEC Form 4 Filing
Leif E. Pedersen, President and Chief Commercial Officer of Certara, Inc., reports transactions involving common stock and restricted stock units (RSUs) on April 1, 2024.
Summary
- On April 1, 2024, Leif E. Pedersen, President and Chief Commercial Officer of Certara, reported transactions involving Certara, Inc. common stock and restricted stock units.
- These transactions included the vesting and settlement of RSUs granted under the company's 2020 Incentive Plan.
- Specifically, 8,646 RSUs vested from the April 1, 2022 grant, 7,852 RSUs vested from the April 1, 2023 grant, and 30,381 RSUs were granted on April 1, 2024.
- Shares were also withheld to satisfy tax obligations related to the vesting of these RSUs at a price of $17.88.
- Following these transactions, Pedersen directly owns 150,928 shares of common stock and 30,381 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Future Outlook
Future vesting dates for the RSUs are April 1, 2025, April 1, 2026 and April 1, 2027.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency in insider trading activities.
- The vesting schedules of the RSUs are typical for executive compensation packages, aligning executive interests with long-term company performance.
- Similar filings can be observed for executives at comparable companies in the pharmaceutical and healthcare technology sectors, such as Simulations Plus and Schrödinger.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting the stock as RSUs are converted to common stock.
- Employees holding similar RSUs may view the vesting and settlement as a positive sign of the company's commitment to employee compensation.
Key Dates
| Date | Description |
|---|---|
| 04/01/2021 | Date of original RSU grant under the 2020 Incentive Plan, one-third of which vested on April 1, 2022, March 31, 2023 and April 1, 2024. |
| 04/01/2022 | Date of RSU grant under the 2020 Incentive Plan, one-third of which vested on March 31, 2023 and April 1, 2024. The remaining one-third is scheduled to vest and settle on April 1, 2025. |
| 04/01/2023 | Date of RSU grant under the 2020 Incentive Plan, one-third of which vested on April 1, 2024. The remaining two-thirds are scheduled to vest and settle in equal parts on April 1, 2025 and April 1, 2026. |
| 04/01/2024 | Date of transactions including RSU vesting, settlement, and new grants; also the date of a new RSU grant under the 2020 Incentive Plan, vesting in three equal installments on April 1, 2025, April 1, 2026 and April 1, 2027. |
| 04/03/2024 | Date of Form 4 filing. |
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