other material
confidence high
sentiment neutral
materiality 0.35
Clover Health adopts long-term cash MIP; CFO Leffler target $1M, Home Care CEO Priest target $1.1M, total $7.275M
CLOVER HEALTH INVESTMENTS, CORP. /DE
- MIP performance goal tied to cash, cash equivalents, and investment levels over two-year period ending June 30, 2025.
- Earned awards range 0%-150% of target; minimum threshold earns 50%, target 100%, maximum 150%, plus time-based vesting.
- Named executive officers (excl. CEO and Exec Chair) and key employees are eligible Participants.
- MIP supplements equity grants that were sized more conservatively due to share reserve considerations.