Dominic J. Andreano - Mar 1, 2022 Form 4 Insider Report for MEDNAX, INC. (MD)

Role
EVP, General Counsel and Secy
Signature
/s/ Dominic J. Andreano
Stock symbol
MD
Transactions as of
Mar 1, 2022
Transactions value $
-$155,723
Form type
4
Date filed
3/3/2022, 04:00 PM
Next filing
Sep 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MD Common Stock Award $0 +29.4K +20.78% $0.00 171K Mar 1, 2022 Direct F1, F2
transaction MD Common Stock Award $0 +29.4K +17.21% $0.00 200K Mar 1, 2022 Direct F3
transaction MD Common Stock Tax liability -$156K -6.64K -3.31% $23.47 194K Mar 1, 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted shares granted pursuant to the Issuer's Amended and Restated 2008 Incentive Compensation Plan (the "Plan"), in connection with an annual equity award. Twenty-five percent (25%) of the restricted shares will vest on March 1, 2023, twenty-five percent (25%) of the restricted shares will vest on March 1, 2024 and fifty percent (50%) of the restricted shares will vest on March 1, 2025, subject to the terms of the Plan.
F2 Includes 11,021 restricted shares granted pursuant to the Plan in connection with achievement in excess of target of specified performance-based criteria for the performance period from January 1, 2021 through December 31, 2021.
F3 Restricted shares granted pursuant to the Plan in connection with an annual equity award. The number of shares being reported represents the "target" number of restricted shares and does not include the right of the reporting person to receive up to 14,706 additional shares based on the achievement of certain performance-based criteria for the twelve months ending December 31, 2022. The actual number of shares earned could be less than or greater than the target number, depending on the level of performance achieved, and all of the restricted shares granted are subject to forfeiture if minimum levels of performance are not met. Any restricted shares earned will not vest any earlier than in three installments of twenty-five percent (25%) on March 1, 2023, twenty-five percent (25%) on March 1, 2024 and fifty percent (50%) on March 1, 2025, subject to the terms of the Plan.
F4 Represents 6,635 restricted shares withheld for payment of taxes upon vesting of shares.