Michael E. Prevoznik - Feb 21, 2024 Form 4 Insider Report for QUEST DIAGNOSTICS INC (DGX)

Signature
Sean D. Mersten, Attorney in Fact for Michael E. Prevoznik
Stock symbol
DGX
Transactions as of
Feb 21, 2024
Transactions value $
-$134,262
Form type
4
Date filed
2/23/2024, 04:35 PM
Previous filing
Feb 16, 2024
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DGX Common Stock Tax liability -$50.9K -407 -0.99% $125.02 40.9K Feb 21, 2024 Direct F1
transaction DGX Common Stock Sale -$83.4K -661 -1.62% $126.14 40.2K Feb 22, 2024 Direct F2
holding DGX Common Stock 5.54K Feb 21, 2024 401(k)/SDCP F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Disposition of common stock to the issuer solely to cover tax withholding obligations arising from the vesting of restricted share units.
F2 This sale reported was effected pursuant to a Rule 10b5-1 sales plan adopted by the reporting person.
F3 These underlying shares were acquired on a periodic basis by the trustee of the Company's tax qualified Profit Sharing (401(k)) and/or Supplemental Deferred Compensation Plan. The information was obtained from the plan administrator as of a current date. The number of shares is based on the account balance of the Company stock fund under each Plan (which includes some money market instruments) divided by the market price of the Company's stock as of that date.