Michael Yount 4
4 · WELLCARE HEALTH PLANS, INC. · Filed Jan 22, 2020
Insider Transaction Report
Form 4
Michael Yount
Chief Compliance Officer
Transactions
- Tax Payment
Common Stock
2020-01-17$338.83/sh−511$173,142→ 11,039 total - Award
Common Stock
2020-01-17+2,019→ 11,550 total
Footnotes (2)
- [F1]Relates to performance stock unit ("PSU") awards granted to the Reporting Person on 3/22/17. 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 1,024 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 995 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 PSUs for which vesting and settlement were accelerated to 1/17/20 to effect treatment contemplated by the Merger Agreement.