STEPHEN H. RUSCKOWSKI - 23 May 2022 Form 4 Insider Report for QUEST DIAGNOSTICS INC (DGX)

Role: Chairman, CEO and President, Director
Signature: /s/ William J. O'Shaughnessy, Jr., Attorney in Fact for Stephen H. Rusckowski
Issuer symbol: DGX
Transactions as of: 23 May 2022
Net transactions value: -$50,429,541
Form type: 4
Filing time: 25 May 2022, 16:31:18 UTC
Previous filing: 09 Mar 2022
Next filing: 26 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DGX	Common Stock	Options Exercise	$3,614,386	+34,898	+10%	$103.57	369,731	23 May 2022	Direct	F1
transaction	DGX	Common Stock	Sale	$4,749,923	-33,898	-9.2%	$140.12	335,833	23 May 2022	Direct	F1, F2
transaction	DGX	Common Stock	Sale	$113,234	-800	-0.24%	$141.54	335,033	23 May 2022	Direct	F1, F3
transaction	DGX	Common Stock	Sale	$28,451	-200	-0.06%	$142.26	334,833	23 May 2022	Direct	F1, F4
transaction	DGX	Common Stock	Options Exercise	$3,687,666	+42,568	+13%	$86.63	377,401	23 May 2022	Direct	F1
transaction	DGX	Common Stock	Sale	$5,782,431	-41,268	-11%	$140.12	336,133	23 May 2022	Direct	F1, F5
transaction	DGX	Common Stock	Sale	$141,509	-1,000	-0.3%	$141.51	335,133	23 May 2022	Direct	F1, F6
transaction	DGX	Common Stock	Sale	$42,672	-300	-0.09%	$142.24	334,833	23 May 2022	Direct	F1, F7
transaction	DGX	Common Stock	Options Exercise	$13,062,870	+126,126	+38%	$103.57	460,959	24 May 2022	Direct	F1
transaction	DGX	Common Stock	Sale	$17,672,775	-126,126	-27%	$140.12	334,833	24 May 2022	Direct	F1, F8
transaction	DGX	Common Stock	Options Exercise	$13,538,710	+156,282	+47%	$86.63	491,115	24 May 2022	Direct
transaction	DGX	Common Stock	Sale	$21,898,546	-156,282	-32%	$140.12	334,833	24 May 2022	Direct	F9

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DGX	Non-Qualifed Stock Option (right to buy)	Options Exercise	$3,614,386	-34,898	-20%	$103.57	136,163	23 May 2022	Common Stock	34,898	$103.57	Direct	F1, F10
transaction	DGX	Non-Qualifed Stock Option (right to buy)	Options Exercise	$3,687,666	-42,568	-20%	$86.63	171,136	23 May 2022	Common Stock	42,568	$86.63	Direct	F1, F11
transaction	DGX	Non-Qualifed Stock Option (right to buy)	Options Exercise	$13,062,870	-126,126	-93%	$103.57	10,037	24 May 2022	Common Stock	126,126	$103.57	Direct	F1, F10
transaction	DGX	Non-Qualifed Stock Option (right to buy)	Options Exercise	$13,538,710	-156,282	-91%	$86.63	14,854	24 May 2022	Common Stock	156,282	$86.63	Direct	F11

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This exercise and sale reported were effected pursuant to a Rule 10b5-1 sales plan adopted by the reporting person on April 22, 2022.
F2	This transaction was executed in multiple trades at prices ranging from $140.00 to $140.95. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3	This transaction was executed in multiple trades at prices ranging from $141.11 to $141.99. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4	This transaction was executed in multiple trades at prices ranging from $142.22 to $142.29. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F5	This transaction was executed in multiple trades at prices ranging from $140.00 to $140.94. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F6	This transaction was executed in multiple trades at prices ranging from $141.11 to $141.93. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F7	This transaction was executed in multiple trades at prices ranging from $142.21 to $142.29. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F8	This transaction was executed in multiple trades at prices ranging from $140.00 to $140.68. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F9	This transaction was executed in multiple trades at prices ranging from $140.00 to $140.80. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F10	The options vested in three annual installments beginning with the first on February 19, 2019, the second on February 19, 2020 and the final on February 19, 2021.
F11	The options vested in three annual installments beginning with the first on February 18, 2020, the second on February 18, 2021 and the final on February 18, 2022.