Parth Mehrotra

Chief Executive Officer (CEO) at Privia Health Group

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

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

Organization	Role	Date Range	Details
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 Name	Amount	Payment Schedule	Additional 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 year	Base salary increased upon promotion to CEO effective Jul 1, 2023
May 9, 2023 RSUs	73,529 RSUs; Grant Date Fair Value: $2,136,017	Vest in three equal annual installments on each anniversary of May 9, 2023	Subject to continued service
July 1, 2023 RSUs	15,517 RSUs; Grant Date Fair Value: $405,149	Vest in three equal annual installments on each anniversary of May 9, 2023	Granted in connection with CEO promotion; subject to continued service
All Other Compensation	$14,520	Annual	Includes 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 control	Calculated 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

Metric	Value	Details
Target Bonus Percentage	100% of base salary ($600,000)	Based on the corporate scorecard covering financial, operational, and strategic criteria with an additional 5% modifier for ESG
Threshold	50% of target	Minimum achievement level required for bonus eligibility
Maximum	150% of target	Upper cap on bonus payout
Actual Payout	105% of target ($630,000)	Reflects achieved performance in 2023

Equity-Based Long-Term Incentive Awards

Annual PSUs

Metric	Value	Details
Grant Date	May 9, 2023
Target Number of PSUs	110,294
Maximum Number of PSUs	220,588
Grant Date Fair Value	$3,204,041
Adjusted EBITDA Performance	Threshold: 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 Period	3 years (ending Dec 31, 2025)	Subject to continued service

CEO Promotional PSUs

Metric	Value	Details
Grant Date	July 1, 2023
Target Number of PSUs	232,765
Maximum Number of PSUs	465,530
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 Period	4 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.