leadership
confidence high
sentiment neutral
materiality 0.35
Certara modifies 2022 PSU targets; caps maximum payout at 100% for 2023-2024
Certara, Inc.
- Compensation Committee modified 2022 PSU award agreements for all participants including CEO, CFO, and NEOs.
- For fiscal 2023-2024, target revenue/FCF growth remains 20% if acquisition contributes >5% growth; otherwise reverts to 15%.
- Maximum Weighted Percentage for entire performance period capped at 100%, eliminating above-target payout.
- Change intended to align performance goals with expected growth rates and provide flexibility for future acquisitions.