secwatch.observer — SEC 8-K summary
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Issuer:     MOLINA HEALTHCARE, INC. (MOH)
CIK:        0001179929
Form:       8-K
Filed at:   2024-08-20T23:59:59+00:00
Accession:  0001437749-24-027304
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Molina Healthcare grants CEO Zubretsky 146,184 performance-based RSUs to retain him through 2027
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- CEO Joseph M. Zubretsky received a special one-time PSU award of 146,184 target shares (max 219,276) under the 2019 Equity Incentive Plan.
- PSUs vest based on adjusted EPS goals for FY2027, with 0%-150% payout, and continued employment through Dec 31, 2027.
- The amendment to Zubretsky's employment agreement aims to incentivize his retention through at least December 31, 2027.
- Accelerated vesting occurs upon death, disability, termination without cause, or good reason, subject to a release; full vesting upon qualified termination after a change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1179929/000143774924027304/0001437749-24-027304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1179929/000143774924027304/moh20240819_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-027304

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer