Form 4: Claritev Corp Executive O'Neil Reports Stock Transactions
SEC Form 4
SVP and General Counsel of Claritev Corp, Tara O'Neil, reports acquisition and disposal of Class A common stock and restricted stock units.
Summary
- On March 1, 2025, Tara O'Neil, SVP and General Counsel of Claritev Corp, reported transactions involving Class A common stock.
- Shares were withheld to cover taxes related to vesting restricted stock units granted in 2022, 2023, and 2024.
- O'Neil also acquired 13,935 shares of Class A common stock through a grant of restricted stock units.
- These restricted stock units will vest at a rate of 25% per year, starting March 1, 2026, and continuing through 2029.
- Additionally, O'Neil acquired 13,935 cash-settled restricted stock units (cRSUs) that vest 50% per year on March 1, 2026, and 2027.
- Each cRSU is economically equivalent to a share of Claritev Corp Class A common stock and will be settled in cash based on the fair market value at settlement, capped at 4x the fair market value on the grant date if settled before a change in control.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Positives
- The grant of restricted stock units and cash-settled restricted stock units to a key executive could be seen as an incentive to align their interests with the long-term success of the company.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- Shareholders may be interested in executive compensation and ownership as it aligns with company performance.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of restricted stock units grant related to tax withholding. |
| 03/01/2023 | Date of restricted stock units grant related to tax withholding. |
| 03/01/2024 | Date of restricted stock units grant related to tax withholding. |
| 03/01/2025 | Date of reported transactions: stock withholding for taxes and grant of restricted stock units and cash-settled restricted stock units. |
| 03/01/2026 | First vesting date (25%) for the restricted stock units granted on March 1, 2025, and first vesting date (50%) for the cash-settled restricted stock units. |
| 03/01/2027 | Second vesting date (25%) for the restricted stock units granted on March 1, 2025, and second vesting date (50%) for the cash-settled restricted stock units. |
| 03/01/2028 | Third vesting date (25%) for the restricted stock units granted on March 1, 2025. |
| 03/01/2029 | Final vesting date (25%) for the restricted stock units granted on March 1, 2025. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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