Form 4: Molina Healthcare COO James Woys Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Molina Healthcare's Chief Operating Officer, James Woys, executed multiple sales of common stock on May 22, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On May 22, 2024, James Woys, the Chief Operating Officer of Molina Healthcare, Inc., sold a total of 9,990 shares of common stock.
- The sales were executed under a pre-existing Rule 10b5-1 trading plan established on February 20, 2024.
- The transactions were carried out in multiple tranches at varying prices, ranging from $343.02 to $347.93 per share.
- Following these transactions, Woys directly owns 53,613 shares of Molina Healthcare common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock sales under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
Executive stock sales are common and often pre-planned to avoid insider trading concerns. Rule 10b5-1 plans allow insiders to sell shares at predetermined times and prices.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| May 8, 2018 | Date of Limited Power of Attorney for Section 16(a) Filings |
| February 20, 2024 | Date Reporting Person's Rule 10b5-1 Trading Plan was established |
| May 22, 2024 | Date of stock sale transactions |
| May 24, 2024 | Date of signature on the Form 4 filing |
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