4//SEC Filing
Bailey Anne E, 4
Accession 0001437749-23-015113
CIK 0001220754other
Filed
May 17, 8:00 PM ET
Accepted
May 18, 4:15 PM ET
Size
9.7 KB
Accession
0001437749-23-015113
Insider Transaction Report
Form 4
ModivCare IncMODV
Bailey Anne E,
President, Home Division
Transactions
- Award
Common Stock
2023-05-16+11,770→ 11,770 total - Award
Employee Stock Option (Right to Buy)
2023-05-16+11,809→ 11,809 totalExercise: $53.10Exp: 2028-05-16→ Common Stock (11,809 underlying) - Award
Performance Restricted Stock Units
2023-05-16+7,062→ 7,062 totalExp: 2026-05-16→ Common Stock (7,062 underlying)
Footnotes (3)
- [F1]Represents restricted stock units scheduled to vest as follows: (i) 3,923 shares will vest on May 16, 2024, (ii) 3,924 shares will vest on May 16, 2025 and (iii) 3,923 shares will vest on May 16, 2026, in each case, subject to the reporting person's continued employment.
- [F2]Represents the contingent right to receive a number of shares of issuer common stock determined by multiplying the number of performance units by a percentage from 50% to 200% that corresponds to specified revenue and Adjusted EBITDA thresholds measured by reference to the issuer's audited financial statements for its fiscal year ending December 31, 2025, subject to the reporting person's continued employment through the vesting date of May 16, 2026. The number of shares of common stock reported assumes a revenue and Adjusted EBITDA performance target achieved that corresponds to a 100% payout level.
- [F3]Option becomes exercisable with respect to: (i) 3,936 shares on May 16, 2024, (ii) 3,937 shares on May 16, 2025 and (iii) 3,936 shares on May 16, 2026, in each case, subject to the reporting person's continued employment.
Documents
Issuer
ModivCare Inc
CIK 0001220754
Entity typeother
Related Parties
1- filerCIK 0001970787
Filing Metadata
- Form type
- 4
- Filed
- May 17, 8:00 PM ET
- Accepted
- May 18, 4:15 PM ET
- Size
- 9.7 KB