4//SEC Filing
Polen Michael Robert 4
Accession 0001567619-20-001359
CIK 0001279363other
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 4:13 PM ET
Size
7.3 KB
Accession
0001567619-20-001359
Insider Transaction Report
Form 4
Polen Michael Robert
SVP, Operations
Transactions
- Tax Payment
Common Stock
2020-01-17$338.83/sh−2,081$705,105→ 26,900 total - Award
Common Stock
2020-01-17+6,365→ 28,981 total
Footnotes (2)
- [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 2,416 shares. The Compensation Committee certified the PSU awards would vest and settle based on a relative total shareholder return goal for the three years ended 12/31/19 achieved at 200% of target, or 2,004 shares. The Compensation Committee certified the PSU awards would vest and settle based on a quality improvement goal for the three years ended 12/31/19 achieved at 161% of target, or 1,945 shares. Vesting and settlement of the PSUs were accelerated to 1/17/20 to effect treatment contemplated by the Agreement and Plan of Merger by and between Centene Corporation, WellCare Health Plans, Inc., and other parties thereto, filed on Form 8-K on March 27, 2019 (the "Merger Agreement").
- [F2]Forfeiture of shares to satisfy tax obligations related to stock units for which vesting and settlement were accelerated to 1/17/20 to effect treatment contemplated by the Merger Agreement.
Documents
Issuer
WELLCARE HEALTH PLANS, INC.
CIK 0001279363
Entity typeother
Related Parties
1- filerCIK 0001586419
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 4:13 PM ET
- Size
- 7.3 KB