4//SEC Filing
Orcutt Rebecca 4
Accession 0001437749-23-025209
CIK 0001220754other
Filed
Sep 4, 8:00 PM ET
Accepted
Sep 5, 4:42 PM ET
Size
7.4 KB
Accession
0001437749-23-025209
Insider Transaction Report
Form 4
ModivCare IncMODV
Orcutt Rebecca
SVP, Chief Accounting Officer
Transactions
- Award
Performance Restricted Stock Units
2023-08-31+1,900→ 1,900 totalExp: 2026-08-31→ Common Stock (1,900 underlying) - Award
Common Stock
2023-08-31+1,900→ 3,029 total
Footnotes (2)
- [F1]Represents restricted stock units scheduled to vest as follows: (i) 633 shares will vest on August 31, 2024, (ii) 634 shares will vest on August 31, 2025 and (iii) 633 shares will vest on August 31, 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 August 31, 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.
Documents
Issuer
ModivCare Inc
CIK 0001220754
Entity typeother
Related Parties
1- filerCIK 0001944421
Filing Metadata
- Form type
- 4
- Filed
- Sep 4, 8:00 PM ET
- Accepted
- Sep 5, 4:42 PM ET
- Size
- 7.4 KB