Jonathan B. Bush - 31 Aug 2023 Form 4 Insider Report for ModivCare Inc (MODV)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
05 Sep 2023, 16:43:00 UTC
Prior SEC filing
21 Jul 2023
Next SEC filing
07 Dec 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jonathan Bush

Key filing fact

Jonathan B. Bush filed Form 4 for ModivCare Inc (MODV) on 05 Sep 2023.

Key facts

  • This page summarizes Jonathan B. Bush's Form 4 filing for ModivCare Inc (MODV).
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 05 Sep 2023, 16:43.

Change

  • Previous filing in this sequence was filed on 21 Jul 2023.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MODV transaction

Common Stock

Award

Transaction value
$0
Shares
+2,834
Change %
+216%
Price
$0.000000
Shares after
4,149
Date
31 Aug 2023
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MODV transaction Derivative

Performance Restricted Stock Units

Award

Transaction value
$0
Shares
+4,252
Change %
Price
$0.000000
Shares after
4,252
Date
31 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,252
Exercise price
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Represents restricted stock units scheduled to vest as follows: (i) 945 shares will vest on August 31, 2024, (ii) 944 shares will vest on August 31, 2025 and (iii) 945 shares will vest on August 31, 2026, in each case, subject to the reporting person's continued employment.

Footnote 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 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 August 31, 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.

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