Christopher Koster - Feb 7, 2023 Form 4 Insider Report for CENTENE CORP (CNC)

Role
EVP, Secr. & General Counsel
Signature
/s/ Christopher A. Koster
Stock symbol
CNC
Transactions as of
Feb 7, 2023
Transactions value $
-$438,487
Form type
4
Date filed
2/9/2023, 08:20 PM
Previous filing
Dec 19, 2022
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNC Common Stock Award $0 +324 +0.23% $0.00 142K Feb 7, 2023 Direct F1
transaction CNC Common Stock Tax liability -$438K -6.18K -4.34% $71.01 136K Feb 7, 2023 Direct F2, F3, F4
holding CNC Common Stock 100 Feb 7, 2023 By Spouse

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
holding CNC Common Stock Option (right to buy) 15.7K Feb 7, 2023 Common Stock 15.7K $81.85 Direct F5
holding CNC Phantom Stock 3.02K Feb 7, 2023 Common Stock 3.02K $0.00 Direct F6, F7
* 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 2019 with a three-year performance period. Refer to Form 3 filed on February 10, 2020. 13,500 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 68,980 shares of restricted stock subject to vesting requirements.
F4 Updated ownership includes common stock acquired through the Company's Employee Stock Purchase Program.
F5 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.
F6 Each share of phantom stock represents the right to receive the fair market value of one share of Centene common stock.
F7 The phantom stock has no formal expiration date. The phantom stock will be settled in cash or other non-Company securities upon Mr. Koster's termination with the Company or on such other date Mr. Koster may elect.