Humana (HUM) director Raquel Bono discloses new deferred stock units
Rhea-AI Filing Summary
Humana Inc. director Raquel C. Bono reported equity awards and deferrals. The filing shows she acquired 766 restricted stock units as part of her annual director fee, which she elected to receive in stock units rather than cash. These units are deferred until she resigns from the board, at which time they will be settled in Humana common shares on a one-for-one basis under the company’s 2019 Amended & Restated Plan.
She also reported 34 additional stock units from dividend payments that were reinvested on already vested and deferred stock units. These dividend units are likewise deferred until she leaves board service and will then be paid in Humana common stock on a one-for-one basis.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 766 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 34 | $258.8675 | $9K |
| holding | Humana Common | -- | -- | -- |
Footnotes (1)
- Annual Director's fee payable in stock units which have been deferred at the election of the Reporting Person until her resignation of services as a director at which time the stock units will be payable in Humana Inc. common stock on a I-for-I basis, exempt pursuant to Rule 16(b)-3(d)(I). Includes 766 restricted stock units which represent a contingent right to receive one share of Humana Inc. common stock, exempt under Rule I 6b-3(d)(I )&(3) under the Company's 2019 Amended & Restated Plan. Director's dividend payment reinvested into stock units on vested and deferred stock units, deferred in accordance with the Plan until her resignation of services as a director at which time the deferred dividend stock units will be payable in Humana Inc. common stock on a 1-for-1 basis, exempt pursuant to Rule 16(b)-3(d)(1).
FAQ
What did Humana (HUM) director Raquel C. Bono report in this Form 4?
The Form 4 reports that director Raquel C. Bono acquired 766 restricted stock units as part of her annual director fee and 34 additional stock units from the reinvestment of dividend payments on vested and deferred stock units.
How will the 766 restricted stock units reported by Humana (HUM) be settled?
The 766 restricted stock units represent a contingent right to receive one share of Humana Inc. common stock per unit, payable after Dr. Bono resigns from service as a director, under the company’s 2019 Amended & Restated Plan.
When will the deferred stock units for Humana (HUM) director Raquel C. Bono be paid?
Both the annual director fee stock units and the dividend reinvestment stock units are deferred until her resignation as a director, at which time they will be payable in Humana Inc. common stock on a 1-for-1 basis.
Under what rules are Humana (HUM) director stock units treated for reporting purposes?
The annual director fee stock units and related restricted stock units are described as exempt pursuant to Rule 16(b)-3(d)(1) under the company’s equity plan, reflecting how these board compensation awards are treated under Section 16 rules.