Brent D. Layton - Dec 15, 2021 Form 4 Insider Report for CENTENE CORP (CNC)

Role
President & COO
Signature
/s/ Christopher A. Koster (executed by attorney-in-fact)
Stock symbol
CNC
Transactions as of
Dec 15, 2021
Transactions value $
$1,371,654
Form type
4
Date filed
12/17/2021, 05:50 PM
Previous filing
Dec 14, 2021
Next filing
Dec 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNC Common Stock Award $970K +14.6K +2.79% $66.23 539K Dec 15, 2021 Direct F1
transaction CNC Common Stock Tax liability -$2.15M -26.2K -4.87% $81.85 513K Dec 15, 2021 Direct F2
transaction CNC Common Stock Award $2.55M +31.2K +6.08% $81.85 544K Dec 15, 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CNC Common Stock Option (right to buy) Award $0 +13.4K $0.00 13.4K Dec 15, 2021 Common Stock 13.4K $81.85 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the additional number of shares earned from a previously reported performance stock unit grant from December 2018 with a three-year performance period. Refer to Form 3 filed on February 12, 2021. 30,000 shares were reported based on achievement of target level of performance.
F2 Shares withheld for taxes upon vesting of previously reported stock grant.
F3 Ownership includes this award of 31,155 restricted stock units. 16,494 units are performance stock units. The number of performance stock units vesting at the end of the three-year period is predicated on meeting three-year performance conditions. The remaining 14,661 units will vest in three annual installments on the anniversary of the grant date. In addition, ownership includes 289,501 shares of restricted stock units subject to vesting requirements.
F4 Performance Stock Option granted on December 15, 2021, may become exercisable on or after the third anniversary of the grant date if the closing price of CNC's common stock equals or exceeds $100 per share for 20 consecutive trading days following the grant date.