Michael Yount 4
4 · WELLCARE HEALTH PLANS, INC. · Filed Jan 2, 2020
Insider Transaction Report
Form 4
Michael Yount
Chief Compliance Officer
Transactions
- Award
Common Stock
2019-12-30+1,236→ 9,848 total - Exercise/Conversion
Restricted Stock Units
2019-12-30−177→ 177 total→ Common Stock (177 underlying) - Exercise/Conversion
Common Stock
2019-12-30+207→ 10,055 total - Exercise/Conversion
Common Stock
2019-12-30+177→ 10,232 total - Tax Payment
Common Stock
2019-12-30$330.76/sh−701$231,863→ 9,531 total - Exercise/Conversion
Restricted Stock Units
2019-12-30−207→ 0 total→ Common Stock (207 underlying)
Footnotes (6)
- [F1]Relates to performance stock unit ("PSU") awards granted to the Reporting Person on 3/22/17. The Compensation Committee certified PSU awards would vest and settle based on a net income margin goal for the year ended 12/31/19 achieved at 200% of target, or 1,236 shares.
- [F2]Vesting of restricted stock units granted to the Reporting Person on 3/22/17 for which vesting and settlement were accelerated to 12/30/19.
- [F3]Vesting of restricted stock units granted to the Reporting Person on 3/19/18 for which vesting and settlement were accelerated to 12/30/19.
- [F4]Forfeiture of shares to satisfy tax obligations related to stock units for which vesting and settlement were accelerated to 12/30/19.
- [F5]Each restricted stock unit represents a contingent right to receive one share of WCG common stock.
- [F6]Vesting and settlement of the restricted stock units were accelerated to 12/30/19.