Form 4: Veradigm Inc. Executive Tejal Vakharia Reports Changes in Beneficial Ownership

Tejal Vakharia, SVP General Counsel of Veradigm Inc., reports transactions involving common stock related to vesting of restricted stock units and performance stock units.

Summary

• On March 2, 2024, Tejal Vakharia, SVP General Counsel of Veradigm Inc., had transactions involving the company's common stock.
• Shares were withheld to cover withholding tax liabilities related to the vesting of restricted stock units.
• Performance-based restricted stock units granted on March 2, 2021, were earned at 200% of the target for the 2021 fiscal year, resulting in the acquisition of 32,982 shares.
• Additional shares were withheld to cover withholding tax liabilities related to the vesting of performance stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to stock transactions. The vesting of performance-based units at 200% is a positive sign, but the filing itself is simply a disclosure.

Positives

• The vesting of performance-based restricted stock units at 200% of target suggests strong performance relative to goals set in 2021.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The vesting of performance-based restricted stock units is a common compensation practice, aligning executive incentives with company performance, similar to practices at companies like Cerner (now Oracle Health) and Allscripts Healthcare Solutions.

Stakeholder Impact

• Shareholders gain insight into executive compensation and stock ownership.
• Employees may be interested in the performance metrics driving executive compensation.

Key Dates