Form 4: Molina Healthcare Director Richard Schapiro Acquires Shares Under Equity Incentive Plan

Director Richard M. Schapiro acquired 188 shares of Molina Healthcare common stock on July 1, 2024, as part of the company's 2019 Equity Incentive Plan.

Summary

• Richard M. Schapiro, a director of Molina Healthcare, Inc., acquired 188 shares of common stock on July 1, 2024.
• The acquisition was made under the company's 2019 Equity Incentive Plan.
• The shares were granted as part of the annual equity award to directors, with a quarterly allocation of $55,000.
• The price per share was $292.16, based on the closing price of Molina Healthcare's common stock on July 1, 2024.
• Following the transaction, Schapiro directly owns 11,531 shares of Molina Healthcare common stock.
• Jeff D. Barlow, acting as power of attorney for Richard M. Schapiro, signed the form.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-managed company. The sentiment is neutral to positive.

Positives

• The acquisition reflects the director's continued investment in the company.
• The equity incentive plan aligns director compensation with company performance.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Director compensation packages, including equity grants, are common across publicly traded healthcare companies.
• The size and structure of the equity award are likely benchmarked against peer companies to attract and retain qualified board members.
• Companies like UnitedHealth Group (UNH) and Anthem (ANTM) also utilize equity incentive plans for their directors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholder value through equity ownership.

Key Dates