KRAL JESSICA 4
4 · ModivCare Inc · Filed Jun 7, 2023
Insider Transaction Report
Form 4
ModivCare IncMODV
KRAL JESSICA
Chief Information Officer
Transactions
- Award
Common Stock
2023-06-05+7,361→ 7,361 total - Award
Performance Restricted Stock Units
2023-06-05+5,348→ 5,348 totalExp: 2026-06-05→ Common Stock (5,348 underlying)
Footnotes (2)
- [F1]Represents restricted stock units scheduled to vest as follows: (i) 2,454 shares will vest on June 5, 2024, (ii) 2,453 shares will vest on June 5, 2025 and (iii) 2,454 shares will vest on June 5, 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 June 5, 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.