Privia Health CEO transition: Morris retires July 1, Mehrotra appointed CEO, new directors added

Privia Health Group, Inc.

Parth Mehrotra becomes CEO effective July 1, 2023; base salary $600k, target bonus 100% of salary.
Mehrotra receives $1M incremental LTIP (60% PSU, 40% RSU) and $6M special PSU tied to relative TSR over 4 years.
Retiring CEO Shawn Morris gets pro-rata 2023 bonus and up to 12 months COBRA; equity continues vesting while on board.
Adam Boehler appointed to board effective July 1; Will Sherrill resigns effective same date, no disagreement cited.
Mehrotra also appointed to board as Class II director; Boehler classified as independent director.

item 5.02 item 9.01

Executive movements

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

Role change

Parth Mehrotra

Chief Executive Officer

PRVA · Privia Health Group, Inc.

Effective: 2023-07-01
Filed: June 29, 2023, 7:59 PM ET

the Board appointed Parth Mehrotra, the Company’s current President and Chief Operating Officer, to succeed Mr. Morris as Chief Executive Officer of the Company effective July 1, 2023.

Departed

Shawn Morris

Chief Executive Officer

PRVA · Privia Health Group, Inc.

Effective: 2023-07-01
Successor: Parth Mehrotra
Filed: June 29, 2023, 7:59 PM ET

Shawn Morris notified the Board of Directors of the Company (the “Board”) that he would retire as Chief Executive Officer of the Company on July 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

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

the Board appointed Parth Mehrotra, the Company’s current President and Chief Operating Officer, to succeed Mr. Morris as Chief Executive Officer of the Company effective July 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: retired
Role: Chief Executive Officer

Exact text from the filing

Shawn Morris notified the Board of Directors of the Company (the “Board”) that he would retire as Chief Executive Officer of the Company on July 1, 2023.

View on SEC.gov

Privia Health Group, Inc. filing history →

Source: SEC EDGAR

accession 0001759655-23-000138

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