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

Director Richard M. Schapiro acquired 136 shares of Molina Healthcare common stock on April 1, 2024, as part of the company's 2019 Equity Incentive Plan.

Summary

• On April 1, 2024, Richard M. Schapiro, a director of Molina Healthcare, Inc., acquired 136 shares of common stock.
• The acquisition was made under the company's 2019 Equity Incentive Plan.
• The price per share was $404.20, based on the closing price of Molina Healthcare's common stock on that day.
• Following the transaction, Schapiro directly owns 11,343 shares of Molina Healthcare common stock.
• The filing also includes a Limited Power of Attorney, effective July 29, 2015, authorizing Jeff D. Barlow and Codruta Boggs to execute and file Section 16(a) forms on Schapiro's behalf.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's acquisition of shares signals confidence in the company's prospects, but it's a routine transaction under an existing plan.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The equity incentive plan aligns director interests with those of shareholders.

Industry Context

Director share acquisitions are common in the healthcare industry as part of compensation packages and to align management interests with shareholder value.

Comparison to Industry Standards

• Director compensation packages, including equity grants, are standard practice among publicly traded healthcare companies.
• Companies like UnitedHealth Group, Anthem (now Elevance Health), and Cigna also utilize equity incentive plans for their directors and executives.
• The size and structure of these grants can vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The director's stock acquisition could have a slightly positive impact on shareholder confidence.

Key Dates