4//SEC Filing
Radu Michael P 4
Accession 0001567619-20-001361
CIK 0001279363other
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 4:15 PM ET
Size
11.3 KB
Accession
0001567619-20-001361
Insider Transaction Report
Form 4
Radu Michael P
SVP, Clinical Ops & Bus Dev
Transactions
- Exercise/Conversion
Common Stock
2020-01-17+403→ 29,125 total - Exercise/Conversion
Restricted Stock Units
2020-01-17−403→ 0 total→ Common Stock (403 underlying) - Tax Payment
Common Stock
2020-01-17$338.83/sh−2,240$758,979→ 26,885 total - Award
Common Stock
2020-01-17+6,365→ 28,722 total
Footnotes (5)
- [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]Vesting of restricted stock units granted to the Reporting Person on 3/22/17 for which vesting and settlement were accelerated to 1/17/20 to effect treatment contemplated by the Merger Agreement.
- [F3]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.
- [F4]Each restricted stock unit represents a contingent right to receive one share of WCG common stock.
- [F5]Vesting and settlement of the restricted stock units 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 0001652119
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 4:15 PM ET
- Size
- 11.3 KB