Form 4: MultiPlan Corp Executive Carol Nutter Reports Changes in Beneficial Ownership

Carol Nutter, SVP and Chief People Officer of MultiPlan Corp, reports changes in beneficial ownership of Class A common stock due to tax withholding and a grant of restricted stock units.

Summary

• On March 1, 2024, Carol Nutter, SVP, Chief People Officer of MultiPlan Corp, reported changes in her beneficial ownership of the company's Class A common stock.
• 46,500 shares were disposed of to cover taxes related to the vesting of restricted stock units at a price of $1.11.
• Nutter was also granted 225,000 restricted stock units at a price of $1.11.
• Following these transactions, Nutter directly owns 733,500 shares of Class A common stock.
• The restricted stock units will vest at a rate of 25% per year on March 1, 2025, 2026, 2027, and 2028.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which is neutral in sentiment. It reflects routine compensation practices.

Future Outlook

The reported restricted stock units will vest over the next four years, indicating continued employment and alignment with company performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares as the restricted stock units vest.

Key Dates