Chelsey Berstler - Oct 22, 2024 Form 3 Insider Report for ModivCare Inc (MODV)

Role
Exec VP Personal Care Services
Signature
/s/ Chelsey Berstler
Stock symbol
MODV
Transactions as of
Oct 22, 2024
Transactions value $
$0
Form type
3
Date filed
10/28/2024, 08:48 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MODV Common Stock 6.52K Oct 22, 2024 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 Performance Restricted Stock Units Oct 22, 2024 Common Stock 9.78K Direct F2
* 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: (i) 2,173 shares will vest on July 31, 2025; (ii) 2,172 shares will vest on July 31, 2026; and (iii) 2,173 shares will vest on July 31, 2027, in each case, subject to the reporting person's continued employment.
F2 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 Adjusted EBITDA (weighted at 40%) and relative total shareholder return (weighted at 60%) thresholds measured as of December 31, 2026, subject to the reporting person's continued employment through the vesting date of July 31, 2027. The number of shares of common stock reported assumes an Adjusted EBITDA and relative total shareholder return performance target achieved that corresponds to an aggregate 100% payout level.

Remarks:

Exhibit Index: Exhibit 24 - Power of Attorney