Form 4: ModivCare Director David A. Coulter Acquires 986 Shares of Common Stock

Director David A. Coulter acquired 986 shares of ModivCare Inc. common stock on March 29, 2024, as part of the company's non-employee director compensation program.

Summary

• On March 29, 2024, David A. Coulter, a director of ModivCare Inc., acquired 986 shares of common stock.
• The shares were granted under the company's 2006 Long-Term Incentive Plan, as amended, in lieu of quarterly cash retainer fees.
• The price per share was $23.45.
• Following the transaction, Coulter directly owns 31,763 shares of ModivCare Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard transaction related to director compensation, indicating alignment of interests between the director and shareholders.

Positives

• The acquisition reflects the director's continued investment in the company.
• The use of stock grants in lieu of cash may conserve company cash resources.

Industry Context

Director stock ownership is common and aligns director interests with shareholders.

Comparison to Industry Standards

• Director compensation packages often include stock grants to align their interests with those of shareholders.
• The specific amount and terms of the grant would need to be compared to peer companies to assess its relative value.

Stakeholder Impact

• The transaction may have a slightly positive impact on shareholders by aligning the director's interests with theirs.

Key Dates