Christopher Koster - Mar 15, 2024 Form 4 Insider Report for CENTENE CORP (CNC)

Role
Secretary & General Counsel
Signature
/s/ Christopher A. Koster
Stock symbol
CNC
Transactions as of
Mar 15, 2024
Transactions value $
-$162,367
Form type
4
Date filed
3/19/2024, 06:33 PM
Previous filing
Feb 8, 2024
Next filing
Jun 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNC Common Stock Tax liability -$162K -2.14K -1.3% $76.05 162K Mar 15, 2024 Direct F1
transaction CNC Common Stock Award $0 +37.1K +23% $0.00 199K Mar 15, 2024 Direct F2, F3
holding CNC Common Stock 100 Mar 15, 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 Mar 15, 2024 Common Stock 15.7K $81.85 Direct F4
holding CNC Phantom Stock 3.02K Mar 15, 2024 Common Stock 3.02K $0.00 Direct F5, F6
* 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 grant of restricted stock units.
F2 This award includes 13,001 restricted stock units that vest in three annual installments on the anniversary of the grant date. This award also includes 24,146 performance stock units reported at target level performance. The actual number of performance stock units vesting on March 15, 2027, is predicated on meeting three-year performance conditions.
F3 Ownership includes 66,054 shares of previously-granted restricted stock units and performance stock units (reported at target level of performance) subject to vesting requirements.
F4 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.
F5 Each share of phantom stock represents the right to receive the fair market value of one share of Centene common stock.
F6 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.