Kim Michael 4
Research Summary
AI-generated summary
Claritev (CTEV) EVP Kim Michael Receives RSU Award
What Happened
Kim Michael, EVP and Chief Digital Officer of Claritev (CTEV), was granted 34,487 restricted stock units (RSUs) on March 1, 2026 (reported Mar 3, 2026). On the same date 4,582 shares were withheld to cover taxes associated with prior RSU vestings (189, 1,608, 678 and 2,107 shares for grants in 2022–2025) at $13.47 per share, totaling approximately $61,720. Also on March 1, 2026, 13,253 shares were disposed to the issuer as the cash settlement of cash-settled RSUs (cRSUs) — the filing shows these derivative dispositions at $0.00 (cash settlement amount not stated).
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely filing).
- Prices reported: tax-withheld shares at $13.47 per share; RSU grant and the derivative disposition reported at $0.00 (award and cash settlement).
- Shares granted/acquired: 34,487 RSUs (grant).
- Shares withheld for taxes: total 4,582 shares (value ~ $61,720).
- Derivative disposition: 13,253 shares disposed to issuer representing cash settlement of cRSUs (amount of cash settlement not disclosed).
- Footnotes: F1–F4 = tax withholding for RSU vestings on Mar 1 of 2022–2025; F5 = new RSU grant vests 25% per year on Mar 1 of 2027–2030; F6 = cash settlement of cRSUs (50% of 2025 cRSUs vested Mar 1, 2026).
- Shares owned after the transactions: not reported in the filing.
Context
This filing reports compensation-related activity (RSU grant and routine tax withholding) and a cash settlement of cRSUs — not an open-market sale or purchase. Tax-withholding disposals and cash settlements are standard mechanics of vesting and payroll tax obligations and do not necessarily reflect the insider’s market view. The newly granted RSUs vest over multiple years (25% per year starting March 1, 2027), indicating long-term retention rather than an immediate sale.