Form 4: ModivCare Director David Coulter Acquires Shares Under Compensation Plan

Director David A. Coulter acquired 1,953 shares of ModivCare Inc. common stock on December 31, 2024, as part of the company's non-employee director compensation program.

Summary

• On December 31, 2024, David A. Coulter, a director of ModivCare Inc., acquired 1,953 shares of common stock.
• The acquisition was made under the company's 2006 Long-Term Incentive Plan as part of the non-employee director compensation program.
• The shares were granted in lieu of quarterly cash retainer fees.
• The price per share was $11.84.
• Following the transaction, Coulter directly owns 36,216 shares of ModivCare Inc.
• Coulter has granted power of attorney to Barbara Gutierrez, Faisal Khan, Nicole Carry, Rebecca Orcutt, and Enrique Toledo to execute and file Forms 3, 4, and 5 on his behalf.

Sentiment

Score: 7

Explanation: The document reflects a neutral to slightly positive sentiment as it details a director's acquisition of shares, indicating confidence in the company. It is a routine transaction and doesn't suggest any major concerns.

Positives

• The acquisition of shares by a director demonstrates alignment with shareholder interests.
• The use of equity in lieu of cash compensation can conserve company cash resources.

Future Outlook

There is no specific future outlook provided in this document.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency regarding the ownership of company stock by its directors.

Comparison to Industry Standards

• Director compensation packages often include equity grants to align interests with shareholders, a common practice among publicly traded companies.
• The use of a long-term incentive plan is a standard method for granting equity to directors and employees.
• Power of attorney arrangements for SEC filings are also common practice to streamline administrative processes.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
• The use of equity in lieu of cash may be viewed positively by creditors as it conserves cash.

Key Dates