Form 4: Certara Executive Robert Aspbury Reports Stock Transactions Following RSU and PSU Vesting
SEC Form 4 Filing
Robert Aspbury, President of Predictive Technologies at Certara, Inc., reports the acquisition and disposal of common stock related to the vesting and settlement of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Summary
- On April 1, 2025, Robert Aspbury, President of Predictive Technologies at Certara, Inc., reported transactions involving Certara's common stock.
- These transactions include the acquisition of shares through the vesting of Performance Stock Units (PSUs) and Restricted Stock Units (RSUs) granted under the company's 2020 Incentive Plan.
- Aspbury also disposed of shares to cover tax withholding obligations related to the vesting of these units.
- The PSUs, granted on April 1, 2022, vested based on the achievement of certain performance objectives over a three-year period from January 1, 2022, to December 31, 2024.
- RSUs were granted on April 1, 2022, April 1, 2023, and April 1, 2024, with vesting schedules extending to April 1, 2027.
- Following these transactions, Aspbury directly owns 307,176 shares of Certara common stock and 20,254 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Future Outlook
Future vesting of RSUs is scheduled for April 1, 2026, and April 1, 2027.
Industry Context
This filing is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting of RSUs and PSUs.
- The filing provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 2022-01-01 | Start date for performance objectives related to PSUs. |
| 2022-04-01 | Grant date for PSUs and initial tranche of RSUs. |
| 2023-03-31 | First vesting date for RSUs granted on April 1, 2022. |
| 2023-04-01 | Grant date for second tranche of RSUs. |
| 2024-04-01 | Grant date for third tranche of RSUs; Vesting date for prior RSU grants. |
| 2024-12-31 | End date for performance objectives related to PSUs. |
| 2025-04-01 | Date of reported transactions: vesting of PSUs and RSUs, and tax withholding. |
| 2026-04-01 | Scheduled vesting date for remaining RSUs granted on April 1, 2023. |
| 2027-04-01 | Scheduled vesting date for final tranche of RSUs granted on April 1, 2024. |
| 2025-04-03 | Date of Form 4 filing. |
Keywords
Form 4, Certara, Robert Aspbury, Stock Options, RSU, PSU, Vesting, Beneficial Ownership, Insider Trading
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