Molina Healthcare corrects CEO tax-share withholding
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Rhea-AI Filing Summary
Molina Healthcare, Inc. (MOH) reports that President & CEO Joseph M. Zubretsky received a 16,735-share restricted-stock grant under its 2019 Equity Incentive Plan on March 1, 2024, and 10,639 shares were withheld for tax liability. The amendment says the original Form 4 overstated the tax-withholding share amount by 16,735 shares. It reports corrected holdings of 366,687 shares as of March 1, 2024, and total holdings of 373,465 shares as of March 1, 2026, including 274,450 held indirectly and 99,015 held directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 10,639 | $387.21 | $4.12M |
| Grant/Award | Common Stock F2, F1 | 16,735 | $387.21 | $6.48M |
Footnotes (2)
- F1. The original Form 4 filed on March 5, 2024 is being amended by this Form 4/A to correct an inadvertently overstated share amount for tax withholding. Because the shares withheld for taxes was overstated by 16,735 shares, the shareholdings of the Reporting Person as of March 1, 2024 was understated by the same amount of 16,735 shares. The accurate shareholdings of the Reporting Person as of March 1, 2024 was actually 366,687 shares as reflected on item 5 of this form. This 16,735 shares increase in the Reporting Person's shareholdings results in the Reporting Person's accurate total holdings as of March 1, 2026 of 373,465 shares, consisting of 274,450 shares held indirectly and 99,015 shares held directly.
- F2. Grant of restricted stock under the Issuer's 2019 Equity Incentive Plan.
Key Figures
Key Terms
restricted stock technical
tax liability financial
FAQ
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What transactions did MOH CEO Joseph M. Zubretsky report on March 1, 2024?
What holdings did MOH CEO Joseph M. Zubretsky report in the amendment?
AI-generated analysis. How Rhea-AI works. Not financial advice.