Form 4: ModivCare CFO Barbara Gutierrez Reports Stock Transaction
SEC Form 4 Filing
Barbara Gutierrez, CFO of ModivCare Inc., reports the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On September 18, 2024, Barbara Gutierrez, Chief Financial Officer of ModivCare Inc., reported a transaction involving the withholding of 822 shares of common stock to satisfy tax obligations.
- The shares were withheld at a price of $13.5.
- Following the transaction, Gutierrez directly owns 13,885 shares of ModivCare Inc. common stock.
Sentiment
Score: 7
Explanation: The document is a standard SEC filing related to insider transactions. It doesn't contain any particularly positive or negative information, but transparency is generally viewed favorably.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a routine transaction related to tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| 09/18/2024 | Date of stock transaction (tax withholding). |
| 09/24/2024 | Date of signature on the Form 4 filing. |
| 09/24/2024 | Date of execution of the Power of Attorney. |
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