Leenay Mark 4
4 · WELLCARE HEALTH PLANS, INC. · Filed Jan 2, 2020
Insider Transaction Report
Form 4
Leenay Mark
Chief Medical Officer
Transactions
- Exercise/Conversion
Common Stock
2019-12-30+217→ 7,459 total - Tax Payment
Common Stock
2019-12-30$330.76/sh−1,622$536,493→ 6,060 total - Award
Common Stock
2019-12-30+3,419→ 7,242 total - Exercise/Conversion
Restricted Stock Units
2019-12-30−223→ 224 total→ Common Stock (223 underlying) - Exercise/Conversion
Restricted Stock Units
2019-12-30−217→ 0 total→ Common Stock (217 underlying) - Exercise/Conversion
Common Stock
2019-12-30+223→ 7,682 total
Footnotes (6)
- [F1]Relates to performance stock unit ("PSU") awards granted to the Reporting Person on 3/22/17. The Compensation Committee certified PSU awards would vest and settle based on a net income margin goal for the year ended 12/31/19 achieved at 200% of target, or 1,298 shares. The Compensation Committee certified the PSU awards would vest and settle based on a relative total shareholder return goal for the three years ended 12/31/19 achieved at 200% of target, or 1,076 shares. The Compensation Committee certified the PSU awards would vest and settle based on a quality improvement goal for the three years ended 12/31/19 achieved at 161% of target, or 1,045 shares. Vesting and settlement of the PSUs were accelerated to 12/30/19.
- [F2]Vesting of restricted stock units granted to the Reporting Person on 3/22/17 for which vesting and settlement were accelerated to 12/30/19.
- [F3]Vesting of restricted stock units granted to the Reporting Person on 3/19/18 for which vesting and settlement were accelerated to 12/30/19.
- [F4]Forfeiture of shares to satisfy tax obligations related to stock units for which vesting and settlement were accelerated to 12/30/19.
- [F5]Each restricted stock unit represents a contingent right to receive one share of WCG common stock.
- [F6]Vesting and settlement of the restricted stock units were accelerated to 12/30/19.