Form 4: Claritev CFO Garis Reports Equity Transactions

Claritev Corp's EVP & CFO, Douglas Michael Garis, reported a grant of new restricted stock units and the settlement of existing units, alongside shares withheld for tax obligations.

Summary

• EVP & CFO Douglas Michael Garis reported transactions on March 1, 2026, related to his beneficial ownership in Claritev Corp.
• 5,331 shares of Class A common stock were withheld at a price of $13.47 per share to cover tax obligations associated with the vesting of previously granted restricted stock units.
• Garis received a new grant of 66,322 restricted stock units (RSUs) of Class A common stock, which will vest in four equal annual installments of 25% each, starting on March 1, 2027, and continuing through March 1, 2030.
• 25,488 cash-settled restricted stock units (cRSUs) were settled in cash as a result of 50% of these units vesting on March 1, 2026.
• Following these transactions, Garis directly owns 138,530 Class A common shares and indirectly owns 66,418 shares through his own and family members' Individual Retirement Accounts.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting ongoing executive compensation and retention through new equity grants, which aligns management incentives with long-term shareholder value, despite some shares being withheld for taxes and cash settlement of other units.

Positives

• The grant of 66,322 new restricted stock units (RSUs) to the EVP & CFO aligns management incentives with long-term company performance and shareholder value creation.
• The new RSU grant demonstrates ongoing commitment to executive retention and performance-based compensation.

Negatives

• 5,331 shares of Class A common stock were withheld to cover tax liabilities, representing a reduction in direct share ownership for the reporting person.
• 25,488 cash-settled restricted stock units (cRSUs) were settled in cash rather than equity, which does not directly increase the reporting person's equity stake in the company.

Future Outlook

The newly granted restricted stock units will vest in four equal annual installments, beginning March 1, 2027, and concluding on March 1, 2030, indicating a long-term incentive structure for the EVP & CFO tied to future company performance.

Industry Context

StockSavvy.ai notes that executive compensation often includes equity awards like Restricted Stock Units (RSUs) to align management interests with shareholder value over the long term. The combination of new grants, tax-related withholdings, and cash settlements of other units is a common practice in such compensation structures across various industries.

Stakeholder Impact

• Shareholders: The grant of new RSUs to a key executive aligns management incentives with long-term shareholder value, potentially fostering sustained growth and performance.
• Employees (specifically the EVP & CFO): Continued equity compensation provides a significant component of total remuneration, reinforcing commitment and retention.

Next Steps

• First tranche of the newly granted restricted stock units is scheduled to vest on March 1, 2027.
• Subsequent tranches of the new restricted stock units are scheduled to vest annually on March 1, 2028, 2029, and 2030.

Key Dates

Recommendation

This Form 4 details routine executive compensation activities, including the grant of new restricted stock units and the settlement of existing ones, along with tax-related share withholdings. Such transactions are standard and do not typically indicate a material change in the company's fundamental outlook or operations that would warrant a change in investment recommendation. It primarily reflects ongoing executive incentive alignment.

Keywords

Claritev Corp, CTEV, Form 4, insider transaction, executive compensation, restricted stock units, RSU, CFO, Douglas Michael Garis