Jonathan B. Bush - Mar 16, 2023 Form 4 Insider Report for ModivCare Inc (MODV)

Signature
/s/ Jonathan Bush
Stock symbol
MODV
Transactions as of
Mar 16, 2023
Transactions value $
$0
Form type
4
Date filed
3/20/2023, 04:33 PM
Previous filing
Mar 17, 2023
Next filing
Jul 21, 2023

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 Performance Restricted Stock Units Award $0 +456 $0.00 456 Mar 16, 2023 Common Stock 456 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the contingent right to receive 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 revenue and Adjusted EBITDA thresholds measured by reference to the issuer's audited financial statements for its fiscal year ending December 31, 2025, subject to the reporting person's continued employment through the vesting date of March 16, 2026. The number of shares of common stock reported assumes a revenue and Adjusted EBITDA performance target achieved that corresponds to a 100% payout level.