secwatch.observer — SEC 8-K summary
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Issuer:     Privia Health Group, Inc. (PRVA)
CIK:        0001759655
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001759655-23-000138
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759655/000175965523000138/0001759655-23-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759655/000175965523000138/prva-20230623.htm
  HTML page:      https://secwatch.observer/filing/0001759655-23-000138

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