Christopher Koster - Mar 15, 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
Mar 15, 2023
Transactions value $
$2,625,063
Form type
4
Date filed
3/17/2023, 08:02 PM
Previous filing
Feb 9, 2023
Next filing
Jun 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNC Common Stock Award $2.63M +41.4K +30.46% $63.34 178K Mar 15, 2023 Direct F1
holding CNC Common Stock 100 Mar 15, 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 Mar 15, 2023 Common Stock 15.7K $81.85 Direct F2
holding CNC Phantom Stock 3.02K Mar 15, 2023 Common Stock 3.02K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ownership includes this award of 41,444 restricted stock units. 26,939 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 14,505 units will vest in three annual installments on the anniversary of the grant date. In addition, ownership includes 68,980 shares of restricted stock units subject to vesting requirements.
F2 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.
F3 Each share of phantom stock represents the right to receive the fair market value of one share of Centene common stock.
F4 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.