Earnings Feed
Start Free
Certara, Inc.·4

May 13, 4:50 PM ET

Corcoran Daniel 4

Research Summary

AI-generated summary

Updated

Certara (CERT) SVP & General Counsel Daniel Corcoran Receives Awards

What Happened Daniel Corcoran, Certara's Senior Vice President and General Counsel, reported derivative equity activity on May 11, 2026. The Form 4 shows a reported disposition to the issuer of 48,820 derivative shares (at $0.00) and three grants/awards totaling 234,005 derivative units: 48,820, 74,074 and 111,111 units (all at $0.00). These awards are restricted stock units (RSUs) and performance stock units (PSUs) — i.e., rights to receive shares in the future rather than open‑market purchases or cash sales.

Key Details

  • Transaction date(s): May 11, 2026; Form 4 filed May 13, 2026 (covers the May 11 transactions).
  • Reported amounts/prices: Disposition of 48,820 units @ $0.00; awards of 48,820, 74,074 and 111,111 units @ $0.00 (derivative securities).
  • Shares owned after transaction: Not disclosed in the filing.
  • Relevant footnotes:
    • F1: Certain PSUs were originally granted May 20, 2025; payout ranges from 0%–200% of target based on total shareholder return through 3/31/2028.
    • F2: RSUs granted May 11, 2026 vest in three equal installments on 4/1/2027, 4/1/2028 and 4/1/2029 (can settle in stock or cash).
    • F3: PSUs granted May 11, 2026 are performance‑based (0%–200% of target) tied to total shareholder return through 3/31/2029.
  • Filing timeliness: Form shows transactions dated May 11 and was filed May 13, 2026 (within the typical 2‑business‑day Form 4 window).

Context

  • These entries are compensation awards (RSUs/PSUs) and a reported "disposition to issuer" of derivative units; derivative awards are conditional rights to receive shares later and do not represent immediate open‑market buying or selling.
  • PSUs are performance‑contingent (payout may vary 0%–200% of target depending on TSR through the stated performance period). RSUs vest over time and will convert to shares (or cash) on the vesting dates.
  • Because these are grants/awards, they are generally viewed as executive compensation rather than a direct bullish or bearish market signal; the filing provides factual details but not the insider’s intent.