Christopher Koster - Feb 6, 2024 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 6, 2024
Transactions value $
-$996,167
Form type
4
Date filed
2/8/2024, 07:37 PM
Previous filing
Dec 19, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNC Common Stock Award $0 +6.34K +3.71% $0.00 177K Feb 6, 2024 Direct F1
transaction CNC Common Stock Tax liability -$996K -13.4K -7.59% $74.07 164K Feb 6, 2024 Direct F2, F3, F4
holding CNC Common Stock 100 Feb 6, 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) 15.7K Feb 6, 2024 Common Stock 15.7K $81.85 Direct F5
holding CNC Phantom Stock 3.02K Feb 6, 2024 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 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.