Jason E. Anderson - Feb 22, 2022 Form 4 Insider Report for ModivCare Inc (MODV)

Role
President of ModivCare Home
Signature
/s/ Jonathan Bush by Power of Attorney
Stock symbol
MODV
Transactions as of
Feb 22, 2022
Transactions value $
$0
Form type
4
Date filed
2/24/2022, 02:55 PM
Previous filing
Feb 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODV Common Stock Award $0 +903 +79.56% $0.00 2.04K Feb 22, 2022 Direct F1

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 MODV Employee Stock Option (Right to Buy) Award $0 +2.74K $0.00 2.74K Feb 22, 2022 Common Stock $2.74K $101.51 Direct F2
transaction MODV Performance Restricted Stock Units Award $0 +1.81K $0.00 1.81K Feb 22, 2022 Common Stock Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units scheduled to vest as follows: (1) 301 shares will vest on February 22, 2023, (2) 301 shares will vest on February 22, 2024 and (3) 301 shares will vest on February 22, 2025, in each case, subject to the reporting person's continued employment.
F2 Option becomes exercisable with respect to: (1) 914 shares on February 22, 2023, (2) 915 shares on February 22, 2024 and (3) 914 shares on February 22, 2025, in each case, subject to the reporting person's continued employment.
F3 Represents the contingent right to receive a number of shares of issuer common stock determined by multiplying the number of performance units awarded by a percentage from 50% to 200% that corresponds to the highest specified target value-weighted average price (VWAP) per share of common stock of the issuer over a specified period of consecutive trading days achieved prior to the expiration date of the award, subject to the reporting person's continued employment.