Form 4: ModivCare Inc. Executive Anne E. Bailey Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Anne E. Bailey, President of Home Division at ModivCare Inc., disposed of 1,129 shares of common stock to cover tax withholding obligations.
Summary
- On May 16, 2024, Anne E. Bailey, President of the Home Division at ModivCare Inc. (MODV), disposed of 1,129 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of a previously reported restricted stock unit award.
- The shares were disposed of at a price of $27.85 per share.
- Following the transaction, Bailey directly owns 16,775 shares of ModivCare Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a standard transaction for tax obligations, with no indication of positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This particular filing indicates a routine transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of stock disposal transaction |
| 05/17/2024 | Date of signature for the Form 4 filing |
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