X0306 4/A 2020-10-01 2020-10-05 0 0000019411 MAGELLAN HEALTH INC MGLN 0001823690 Bourdon David 4801 EAST WASHINGTON STREET PHOENIX AZ 85034 0 1 0 0 Chief Financial Officer Restricted Stock Units 0.00 2020-10-01 4 A 0 6575 0.00 A Common Stock 6575 6575 D Performance-Based Restricted Stock Units 0.00 2020-10-01 4 A 0 4362 0.00 A 2023-10-01 Common Stock 4362 4362 D Not applicable. Restricted Stock Units shall vest in one-third increments on October 1 of each of 2021, 2022 and 2023. On the third anniversary of the grant date, Performance-Based Restricted Stock Units ("PSUs") vest based on achievement of total shareholder return ("TSR") performance over a three-year period beginning January 1, 2020 and ending December 31, 2022. Payout for vested PSUs ranges from 0% to 200% of the indicated number of shares, based on the Company's TSR percentile ranking compared to the TSR of the companies included in the selected market index. TSR is measured generally as the increase or decrease in the market value of the Company common stock with a deemed reinvestment of any dividends. If a participant terminates employment prior to the third anniversary of the grant date, the PSUs generally will be forfeited. PSUs have no voting rights and are generally non-transferable. The indicated number of PSUs assumes 100% vesting, and the actual number of shares issued in settlement of the PSUs may be greater or less than the indicated number. (Continuation of Footnote 3) - Since the payout for PSUs can range from 0% to 200%, the maximum number of shares that could vest and be issued could be double the indicated number. This amendment is for the sole purpose of correcting the number of Restricted Stock Units granted on October 1, 2020, which were reported as 6,598 shares in the initial Form 4 filed on October 5, 2020. /s/ David Bourdon 2020-10-09