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    Parth Mehrotra

    Chief Executive Officer (CEO) at Privia Health Group Inc
    Board
    Since July 1, 2023
    Age
    45 years
    Education
    Holds a bachelor’s degree in Economics from St. Stephen's College, University of Delhi and an MBA from Northwestern University's Kellogg School of Management.
    Tenure
    Joined PRVA on January 1, 2018 as President and Chief Operating Officer and was promoted to CEO effective July 1, 2023.

    Also at Privia Health Group Inc

    DM
    David Mountcastle
    Executive Vice President and Chief Financial Officer
    ECF
    Edward C. Fargis
    Executive Vice President, General Counsel, and Corporate Secretary

    About

    Parth Mehrotra is a seasoned executive with extensive experience in the healthcare industry, who began his tenure at PRVA in 2018 and assumed the role of CEO in 2023.

    He has developed a strong foundation in management and operational strategy during his time as President and COO, which paved the way for his seamless transition into the leadership role as CEO.

    In addition to his executive career, he holds solid academic credentials, having earned a bachelor’s in Economics and an MBA, which have contributed to his well-rounded professional expertise.

    $PRVA Performance Under Parth Mehrotra

    Past Roles

    OrganizationRoleDate RangeDetails
    Privia Health Group, Inc. (PRVA) President and Chief Operating Officer (COO) 2018 to 2023 Held the role before becoming CEO on July 1, 2023
    Brighton Health Group Holdings, LLC Chief Operating Officer 2016 to 2018 Parent company of Privia Health pre-IPO
    athenahealth Inc. Senior Finance Role Pre-2016 No additional details provided
    Goldman Sachs & Co. Healthcare Investment Banking Professional Not provided No additional details provided
    Accenture Management Consultant Not provided No additional details provided

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Salary$475,000 (Jan 1–Mar 23, 2023), $500,000 (Mar 24–Jun 30, 2023), $600,000 (effective Jul 1, 2023) Paid regularly throughout the yearBase salary increased upon promotion to CEO effective Jul 1, 2023
    May 9, 2023 RSUs73,529 RSUs; Grant Date Fair Value: $2,136,017 Vest in three equal annual installments on each anniversary of May 9, 2023Subject to continued service
    July 1, 2023 RSUs15,517 RSUs; Grant Date Fair Value: $405,149 Vest in three equal annual installments on each anniversary of May 9, 2023Granted in connection with CEO promotion; subject to continued service
    All Other Compensation$14,520 AnnualIncludes benefits such as retirement savings and health and welfare benefits
    Equity Acceleration Upon Termination$11,982,716 Upon termination without cause, for good reason, or in connection with a change in controlCalculated based on the closing trading price on Dec 29, 2023 and assumes 100% of target performance metrics

    Performance Compensation

    Data from  FY 2023

    Annual Cash Incentive Bonus

    MetricValueDetails
    Target Bonus Percentage100% of base salary ($600,000) Based on the corporate scorecard covering financial, operational, and strategic criteria with an additional 5% modifier for ESG
    Threshold50% of target Minimum achievement level required for bonus eligibility
    Maximum150% of target Upper cap on bonus payout
    Actual Payout105% of target ($630,000) Reflects achieved performance in 2023

    Equity-Based Long-Term Incentive Awards

    Annual PSUs

    MetricValueDetails
    Grant DateMay 9, 2023
    Target Number of PSUs110,294
    Maximum Number of PSUs220,588
    Grant Date Fair Value$3,204,041
    Adjusted EBITDA PerformanceThreshold: 75% (50% vesting), Target: 100% (100% vesting), Maximum: 125% (200% vesting) Linear interpolation applied between performance levels
    GAAP Revenue Condition> $2 billion (cumulative 2023–2024) No vesting occurs unless the combined GAAP Revenue target is achieved
    TSR Modifier±15% adjustment Based on relative Total Shareholder Return compared to peers
    Vesting Period3 years (ending Dec 31, 2025) Subject to continued service

    CEO Promotional PSUs

    MetricValueDetails
    Grant DateJuly 1, 2023
    Target Number of PSUs232,765
    Maximum Number of PSUs465,530
    Grant Date Fair Value$9,534,054
    Relative TSR Performance<25th percentile: 0%, 25th percentile: 50%, 50th percentile: 100%, ≥75th percentile: 200% If TSR is negative, vesting is capped at 100%
    Vesting Period4 years (ending Jun 30, 2027) Subject to continued service

    These performance compensation components for 2023 are structured to align cash and equity incentives with company performance targets and metrics, ensuring that payouts reflect the achievement of specific financial and operational goals.