MARK J. BROOKS - 20 Jan 2022 Form 4 Insider Report for CENTENE CORP (CNC)

Role
EVP, Chief Information Officer
Signature
/s/ Christopher A. Koster (executed by attorney-in-fact)
Issuer symbol
CNC
Transactions as of
20 Jan 2022
Net transactions value
-$220,766
Form type
4
Filing time
24 Jan 2022, 19:01:18 UTC
Previous filing
17 Dec 2021
Next filing
08 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNC Common Stock Sale $221,920 -2,774 -1.7% $80.00 160,422 20 Jan 2022 Direct F1, F2

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 Phantom Stock Award $1,154 +15 +0.82% $78.95 1,792 21 Jan 2022 Common Stock 15 $0.000000 Direct F4, F5, F6
holding CNC Common Stock Option (right to buy) 6,724 20 Jan 2022 Common Stock 6,724 $81.85 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This sale is pursuant to a 10b5-1 Trading Plan that was established on December 16, 2021.
F2 Ownership includes 79,912 shares of restricted stock units subject to vesting requirements.
F3 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.
F4 Each share of phantom stock represents the right to receive the fair market value of one share of Centene common stock.
F5 The phantom stock was acquired by Mr. Brooks through regularly scheduled payroll contribution to the Company's deferred compensation plan.
F6 The phantom stock has no formal expiration date. The phantom stock will be settled in cash or other non-Company securities upon Mr. Brooks's termination with the Company or on such other date Mr. Brooks may elect.