Brett M. Hickman - Apr 28, 2022 Form 3 Insider Report for ModivCare Inc (MODV)

Role
Chief Commercial Officer
Signature
/s/ Jonathan B. Bush by Power of Attorney
Stock symbol
MODV
Transactions as of
Apr 28, 2022
Transactions value $
$0
Form type
3
Date filed
5/9/2022, 05:16 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MODV Common Stock 1.75K Apr 28, 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
holding MODV Employee Stock Option (Right to Buy) Apr 28, 2022 Common Stock 5.01K $114.24 Direct F2
holding MODV Performance Restricted Stock Units Apr 28, 2022 Common Stock 3.5K 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) 583 shares will vest on April 18, 2023, (2) 584 shares will vest on April 18, 2024 and (3) 583 shares will vest on April 18, 2025, in each case, subject to the reporting person's continued employment.
F2 Option becomes exercisable with respect to: (1) 1,671 shares on April 18, 2023, (2) 1,671 shares on April 18, 2024 and (3) 1,671 shares on April 18, 2025, in each case, subject to the reporting person's continued employment.
F3 Represents the contingent right to receive at the expiration of a three-year vesting period beginning on the April 18, 2022 grant date a number of shares of issuer common stock determined by multiplying the number of performance units by a percentage from 50% to 200% that corresponds to specified share price thresholds measured by reference to a volume-weighted average price (VWAP) of the issuer's common stock over a specified period of trading days achieved at any time during the vesting period of the award, subject to the reporting person's continued employment throughout the vesting period. The number of shares of common stock reported assumes a VWAP performance target achieved that corresponds to a 100% payout level. Vested shares of common stock, if any, are to be delivered within ten business days following the expiration of the vesting period.

Remarks:

Exhibit Index: Exhibit 24 - Power of Attorney