4//SEC Filing
Simpson Ilias 4
Accession 0001437749-23-025211
CIK 0001220754other
Filed
Sep 4, 8:00 PM ET
Accepted
Sep 5, 4:43 PM ET
Size
7.4 KB
Accession
0001437749-23-025211
Insider Transaction Report
Form 4
ModivCare IncMODV
Simpson Ilias
President, Transportation
Transactions
- Award
Common Stock
2023-08-31+9,345→ 10,374 total - Award
Performance Restricted Stock Units
2023-08-31+14,018→ 14,018 totalExp: 2026-08-31→ Common Stock (14,018 underlying)
Footnotes (2)
- [F1]Represents restricted stock units scheduled to vest as follows: (i) 3,115 shares will vest on August 31, 2024, (ii) 3,115 shares will vest on August 31, 2025 and (iii) 3,115 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 0001924606
Filing Metadata
- Form type
- 4
- Filed
- Sep 4, 8:00 PM ET
- Accepted
- Sep 5, 4:43 PM ET
- Size
- 7.4 KB