Form 4: Certara Inc. Executive Daniel Corcoran Reports Acquisition of Performance Stock Units and Restricted Stock Units

Daniel Corcoran, SVP and General Counsel of Certara, Inc., reports the acquisition of performance stock units and restricted stock units on May 20, 2025, under the company's incentive plans.

Summary

• On May 20, 2025, Daniel Corcoran, SVP and General Counsel of Certara, Inc., reported the acquisition of 48,820 performance stock units (PSUs) and 32,547 restricted stock units (RSUs).
• The PSUs were granted under the 2025 Long-Term Incentive Plan, with the number of shares received depending on the company's performance against total shareholder return thresholds through March 31, 2028.
• The RSUs were granted under the 2020 Incentive Plan and will vest in three equal installments on April 1, 2026, April 1, 2027, and April 1, 2028.
• Each PSU and RSU represents a conditional right to receive one share of Certara, Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, indicating a positive alignment of interests between management and shareholders. The grants themselves are neither overwhelmingly positive nor negative, but represent a typical incentive structure.

Positives

• The grant of PSUs and RSUs aligns executive compensation with company performance and shareholder value.
• The vesting schedule of the RSUs encourages long-term retention of the executive.

Future Outlook

The number of shares ultimately received from the PSUs will depend on Certara's total shareholder return performance through March 31, 2028.

Industry Context

Grants of performance-based equity compensation are common in the pharmaceutical and healthcare technology industries to incentivize executives to achieve long-term growth and shareholder value.

Comparison to Industry Standards

• Companies like Medidata Solutions (now part of Dassault Systèmes) and Veeva Systems also utilize performance-based equity compensation for their executives.
• The vesting schedules and performance metrics associated with these grants are typically aligned with industry best practices to ensure that executive compensation is closely tied to company performance.

Stakeholder Impact

• Shareholders: The grants align executive compensation with company performance, potentially increasing shareholder value.
• Employees: The grants may motivate employees by aligning executive incentives with overall company success.

Key Dates

Keywords

Form 4, Certara, Daniel Corcoran, Performance Stock Units, Restricted Stock Units, Incentive Plan, Beneficial Ownership, Executive Compensation