Form 4: Molina Healthcare Executive Debra Bacon Reports Stock Transactions
SEC Form 4 Filing
EVP Debra Bacon reports acquisition of shares through the employee stock purchase plan and disposition of shares for tax withholding.
Summary
- Debra Bacon, EVP at Molina Healthcare, reported acquiring 13 shares of common stock on June 28, 2024, through the company's Employee Stock Purchase Plan (ESPP) at a price of $252.71 per share.
- These shares were purchased at 85% of the lower of the closing price on January 1, 2024, and June 28, 2024.
- She also disposed of 184 shares on July 1, 2024, at $292.16 per share to cover withholding taxes related to the vesting of 531 shares.
- Following these transactions, Bacon directly owns 6,505 shares of Molina Healthcare stock, some of which are subject to vesting schedules extending to March 1, 2027.
- Bacon has a power of attorney agreement in place with Jeff D. Barlow and Codruta Boggs to handle Section 16(a) filings.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reports routine stock transactions. The ESPP participation is a slightly positive signal.
Positives
- The acquisition of shares through the ESPP indicates confidence in the company's future performance.
Negatives
- The disposal of shares to cover tax obligations, while routine, slightly reduces Bacon's holdings.
Risks
- No specific risks are identified in this document.
Industry Context
This filing is a routine disclosure related to insider trading regulations and provides insight into executive compensation and stock ownership at Molina Healthcare.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in executive stock transactions.
- The ESPP is a common employee benefit, similar to those offered by competitors like UnitedHealth Group and Humana, allowing employees to purchase company stock at a discounted rate.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The ESPP participation could be viewed positively by employees.
Key Dates
| Date | Description |
|---|---|
| January 1, 2024 | First date of the ESPP offering period. |
| January 26, 2024 | Date of execution of the Limited Power of Attorney for Section 16(a) Filings. |
| June 28, 2024 | Date of stock acquisition under the ESPP and last trading day of the offering period. |
| July 1, 2024 | Date of stock disposal for tax withholding and vesting of 531 shares. |
| July 2, 2024 | Date of signature for the Form 4 filing. |
| January 1, 2025 | Vesting date for 1,231 shares. |
| 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. |
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