We have a share ownership policy for management (“Policy”) that applies to certain of our senior executives (the “Executives”). The Policy is designed to encourage the Executives to acquire and maintain a meaningful level of common stock ownership in the Company over time. The Policy applies to the full time Executives of the Company who have been in their positions for at least nine months.
The common stock ownership requirement for Executives of the Company is based on a multiple of the Executive’s annual base salary (the “Base Salary”). The common stock ownership requirement will be deemed to have been met when the total net realizable share value held by an Executive exceeds (1) the lesser of 25% of the total equity award value realized by the Executive to date in excess of $100,000, or (2) a specified multiple of the Executive’s Base Salary.
A copy of the DaVita Inc. Share Ownership Policy for Management in its entirety is available on this webpage.
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