secwatch.observer — SEC 8-K summary
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Issuer:     Certara, Inc. (CERT)
CIK:        0001827090
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001558370-23-005306
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Certara modifies 2022 PSU targets; caps maximum payout at 100% for 2023-2024
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1827090/000155837023005306/0001558370-23-005306-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1827090/000155837023005306/cert-20230329x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-005306

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer