Kenneth J. Fasola - Mar 15, 2023 Form 4 Insider Report for CENTENE CORP (CNC)

Role
President
Signature
/s/ Christopher A. Koster (executed by attorney-in-fact)
Stock symbol
CNC
Transactions as of
Mar 15, 2023
Transactions value $
$5,906,962
Form type
4
Date filed
3/17/2023, 08:02 PM
Previous filing
Mar 14, 2023
Next filing
Jan 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNC Common Stock Tax liability -$118K -1.87K -1.06% $63.34 174K Mar 15, 2023 Direct F1
transaction CNC Common Stock Award $6.03M +95.1K +54.79% $63.34 269K Mar 15, 2023 Direct 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
holding CNC Phantom Stock 3.61K Mar 15, 2023 Common Stock 3.61K $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 Shares withheld for taxes upon vesting of previously reported stock grant.
F2 Ownership includes this award of 95,123 restricted stock units. 61,830 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 33,293 units will vest in three annual installments on the anniversary of the grant date. In addition, ownership includes 139,015 shares of restricted stock units subject to vesting requirements.
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. Fasola's termination with the Company, or on such other date Mr. Fasola may elect.