CHRISTOPHER KOSTER - 06 Feb 2024 Form 4 Insider Report for CENTENE CORP (CNC)

Role
EVP, Secr. & General Counsel
Signature
/s/ Christopher A. Koster
Issuer symbol
CNC
Transactions as of
06 Feb 2024
Net transactions value
-$996,167
Form type
4
Filing time
08 Feb 2024, 19:37:05 UTC
Previous filing
19 Dec 2023
Next filing
19 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNC Common Stock Award $0 +6,336 +3.7% $0.000000 177,089 06 Feb 2024 Direct F1
transaction CNC Common Stock Tax liability $996,167 -13,449 -7.6% $74.07 163,675 06 Feb 2024 Direct F2, F3, F4
holding CNC Common Stock 100 06 Feb 2024 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) 15,690 06 Feb 2024 Common Stock 15,690 $81.85 Direct F5
holding CNC Phantom Stock 3,016 06 Feb 2024 Common Stock 3,016 $0.000000 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 2020 with a three-year performance period. Refer to Form 4 filed on December 17, 2020. 24,000 shares were initially reported at target level performance.
F2 Shares withheld for taxes upon vesting of previously reported stock grant.
F3 Ownership includes 70,889 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.