Faisal Khan - Oct 22, 2024 Form 3 Insider Report for ModivCare Inc (MODV)

Role
Sr VP, General Counsel and Sec
Signature
/s/ Faisal Khan
Stock symbol
MODV
Transactions as of
Oct 22, 2024
Transactions value $
$0
Form type
3
Date filed
10/28/2024, 08:49 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MODV Common Stock 1.85K 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 224 Direct F2
holding MODV Performance Restricted Stock Units Oct 22, 2024 Common Stock 588 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes an aggregate of 1,723 restricted stock units scheduled to vest as follows: (i) 458 shares will vest on February 14, 2025; (ii) 175 shares will vest on August 31, 2025; (iii) 458 shares will vest on February 14, 2026; (iv) 174 shares will vest on August 31, 2026; and (v) 458 shares will vest on February 14, 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 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 August 31, 2026. The number of shares of common stock reported assumes an Adjusted EBITDA performance target achieved that corresponds to a 100% payout level.
F3 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 February 14, 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