Form 4: Claritev Corp EVP, CFO & Treasurer Douglas Michael Garis Reports Stock Grant

Douglas Michael Garis, EVP, CFO & Treasurer of Claritev Corp, reports the acquisition of restricted stock units and cash-settled restricted stock units.

Summary

• Douglas Michael Garis, the EVP, CFO & Treasurer of Claritev Corp, filed a Form 4 on March 4, 2025, reporting transactions that occurred on March 1, 2025.
• The transactions involve the acquisition of 50,976 Class A common stock restricted stock units and 50,976 cash-settled restricted stock units (cRSUs).
• The restricted stock units vest at a rate of 25% per year, starting March 1, 2026, and continuing through 2029.
• The cRSUs vest 50% per year on March 1, 2026, and 2027, and will be settled in cash based on the fair market value of Class A common stock, capped at 4x the FMV on the grant date if settled before a change in control.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard executive compensation event. The vesting schedule is a positive sign of long-term commitment.

Positives

• The grant of restricted stock units and cash-settled restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedules encourage long-term commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements about the company's financial performance, but the vesting schedule of the stock grants suggests an expectation of continued employment and contribution from the executive.

Industry Context

Executive compensation packages often include stock-based awards to align management's interests with those of shareholders. The specific terms of these awards, such as vesting schedules and settlement methods, can vary widely depending on company size, industry, and performance goals.

Stakeholder Impact

• Shareholders may view the stock grants as a positive sign, aligning management's interests with their own.
• Employees may see the grants as a sign of the company's commitment to its leadership.

Key Dates