Form 4: ModivCare Inc. Executive Rebecca Orcutt Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Rebecca Orcutt, SVP and Chief Accounting Officer of ModivCare Inc., reports disposing of 182 shares of common stock to cover tax withholding obligations.
Summary
- On August 31, 2024, Rebecca Orcutt, the SVP and Chief Accounting Officer of ModivCare Inc., disposed of 182 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 $28.86 per share.
- Following the transaction, Orcutt beneficially owns 4,045 shares of ModivCare Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is related to tax obligations and doesn't necessarily reflect a change in the executive's view of the company.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This transaction is related to tax obligations and is not necessarily indicative of a change in sentiment regarding the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 08/31/2024 | Date of transaction: Rebecca Orcutt disposed of 182 shares of common stock. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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