Joseph M. Zubretsky - Mar 1, 2024 Form 4 Insider Report for MOLINA HEALTHCARE, INC. (MOH)

Signature
Jeff D. Barlow, by power of attorney for Joseph M. Zubretsky
Stock symbol
MOH
Transactions as of
Mar 1, 2024
Transactions value $
$10,120,121
Form type
4
Date filed
3/5/2024, 08:37 PM
Previous filing
Nov 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MOH Common Stock Award $26.7M +68.8K +21.26% $387.21 393K Mar 1, 2024 Direct F1, F2
transaction MOH Common Stock Tax liability -$12.4M -32.1K -8.17% $387.21 361K Mar 1, 2024 Direct F2, F3
transaction MOH Common Stock Tax liability -$10.6M -27.4K -7.59% $387.21 333K Mar 1, 2024 Direct F2, F4
transaction MOH Common Stock Award $6.48M +16.7K +5.02% $387.21 350K Mar 1, 2024 Direct F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares issued in settlement of performance stock units granted on March 1, 2021, which vested at the 170% achievement level based on the Company's averaged achievement of adjusted net income per share in the three fiscal years of 2021, 2022, and 2023.
F2 Represents the closing price of the Issuer's common stock on March 1, 2024.
F3 The shares were applied to payment of withholding taxes in connection with vesting of the above-mentioned performance stock units.
F4 The shares were applied to the payment of withholding taxes arising in connection with the vesting of 22,960 shares on March 1, 2024.
F5 Grant of restricted stock under the Issuer's 2019 Equity Incentive Plan.
F6 The shares shall vest as follows: The 16,735 newly granted shares shall vest in one-third on each of March 1, 2025, March 1, 2026, and March 1, 2027. Additional shares shall vest as follows: 13,960 shares shall vest on March 1, 2025; and 7,548 shares shall vest on March 1, 2026. The remaining shares are vested.