Barbara Gutierrez - 14 Feb 2024 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
22 Feb 2024, 21:27:02 UTC
Prior SEC filing
23 Jan 2024
Next SEC filing
05 Apr 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jennifer Jaskolka by Power of Attorney

Key filing fact

Barbara Gutierrez filed Form 4 for ModivCare Inc (MODV) on 22 Feb 2024.

Key facts

  • This page summarizes Barbara Gutierrez's Form 4 filing for ModivCare Inc (MODV).
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 22 Feb 2024, 21:27.

Change

  • Previous filing in this sequence was filed on 23 Jan 2024.
  • 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
+6,134
Change %
+72%
Price
$0.000000
Shares after
14,707
Date
14 Feb 2024
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
+9,202
Change %
Price
$0.000000
Shares after
9,202
Date
14 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
9,202
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) 2,045 shares will vest on February 14, 2025, (ii) 2,044 shares will vest on February 14, 2026 and (iii) 2,045 shares will vest on February 14, 2027, 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 percentages from 50% to 200% that corresponds to targeted (i) Adjusted EBITDA performance (weighted at 40%) with percentage thresholds to be measured against 2026 Company performance within a range from 80% to 120% of target, and (ii) total shareholder return ("TSR") performance (weighted at 60%) with percentage thresholds measured over the three-year period ending December 31, 2026 and based on the percentile-ranking of the Company's TSR relative to the TSR of the Company's identified peer group and ranges from the 50th percentile to the 100th percentile, subject in each instance to the reporting person's continued employment through February 14, 2027. The number of shares of common stock reported assumes an Adjusted EBITDA and relative TSR performance target achieved that corresponds to an aggregate 100% payout level.

SEC remarks

Exhibit Index: Exhibit 24 – Power of Attorney

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