Form 4: Molina Healthcare Executive Debra Bacon Reports Stock Transactions
SEC Form 4 Filing
EVP Debra Bacon reports stock acquisition through the Employee Stock Purchase Plan and shares withheld for tax obligations.
Summary
- Debra Bacon, EVP at Molina Healthcare, reported acquiring 13 shares of common stock on December 31, 2024, through the company's Employee Stock Purchase Plan (ESPP) at a price of $247.39 per share.
- On January 1, 2025, 450 shares were disposed of to cover withholding taxes related to the vesting of 1,231 shares, at a price of $291.05 per share.
- Following these transactions, Bacon beneficially owns 6,068 shares of Molina Healthcare stock.
- A power of attorney was granted to Jeff D. Barlow and Codruta Boggs to handle Section 16(a) filings on Bacon's behalf.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard SEC filing detailing stock transactions.
Positives
- The ESPP allows employees to purchase company stock at a discounted price, aligning their interests with shareholders.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they involve a small number of shares relative to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| January 26, 2024 | Date of execution for the Limited Power of Attorney for Section 16(a) Filings. |
| July 1, 2024 | First day of the ESPP offering period. |
| December 31, 2024 | Date of stock acquisition through ESPP and last day of the ESPP offering period. |
| January 1, 2025 | Date of shares disposed of for tax withholding. |
| March 1, 2025 | Vesting date for 1,249 shares. |
| July 1, 2025 | Vesting date for 530 shares. |
| March 1, 2026 | Vesting date for 1,003 shares. |
| July 1, 2026 | Vesting date for 529 shares. |
| March 1, 2027 | Vesting date for 757 shares. |
| January 2, 2025 | Date of signature for the Form 4 filing. |
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