Privia Health CEO Shawn Morris to retire July 1; President & COO Parth Mehrotra named successor

Privia Health Group, Inc.

CEO Shawn Morris retiring July 1, 2023; remains on board as non-employee director.
President & COO Parth Mehrotra succeeds as CEO effective July 1, will also join Board.
Mehrotra receives $600K base salary, 100% target bonus, additional equity awards incl. $6M one-time PSUs.
Morris gets pro-rata 2023 bonus, existing equity continues vesting, 12-month COBRA payments.
Full-year 2023 guidance reaffirmed; all operating & non-GAAP metrics unchanged from Feb 28.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Parth Mehrotra

Director

PRVA · Privia Health Group, Inc.

Effective: 2023-07-01
Filed: April 12, 2023, 7:59 PM ET

The Board expects to appoint Mr. Mehrotra to the Board on the Transition Date, subject to his assuming the role of Chief Executive Officer.

Departed

Shawn Morris

Chief Executive Officer

PRVA · Privia Health Group, Inc.

Effective: 2023-07-01
Successor: Parth Mehrotra
Filed: April 12, 2023, 7:59 PM ET

On April 7, 2023, Shawn Morris, Chief Executive Officer of Privia Health Group, Inc. (the “Company”), notified the Board of Directors (the “Board”) that he will retire as Chief Executive Officer of the Company on July 1, 2023.

Role change

Parth Mehrotra

Chief Executive Officer

PRVA · Privia Health Group, Inc.

Effective: 2023-07-01
Filed: April 12, 2023, 7:59 PM ET

On April 11, 2023, the Board appointed Parth Mehrotra, the Company’s President and Chief Operating Officer, to succeed Mr. Morris as Chief Executive Officer effective July 1, 2023 (the “Transition Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Parth Mehrotra was appointed as Director at Privia Health Group, Inc..

Action: appointed
Role: Director

Exact text from the filing

The Board expects to appoint Mr. Mehrotra to the Board on the Transition Date, subject to his assuming the role of Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Shawn Morris departed as Chief Executive Officer at Privia Health Group, Inc..

Action: retire
Role: Chief Executive Officer

Exact text from the filing

On April 7, 2023, Shawn Morris, Chief Executive Officer of Privia Health Group, Inc. (the “Company”), notified the Board of Directors (the “Board”) that he will retire as Chief Executive Officer of the Company on July 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Parth Mehrotra was appointed as Chief Executive Officer at Privia Health Group, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On April 11, 2023, the Board appointed Parth Mehrotra, the Company’s President and Chief Operating Officer, to succeed Mr. Morris as Chief Executive Officer effective July 1, 2023 (the “Transition Date”).

View on SEC.gov

Privia Health Group, Inc. filing history →

Source: SEC EDGAR

accession 0001759655-23-000062

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