Form 4: Cencora CEO Gifts 3,000 Shares to Charity

Cencora's President and CEO, Robert P. Mauch, gifted 3,000 shares of common stock to a Charitable Donor Advised Fund.

Summary

• Robert P. Mauch, President & CEO and Director of Cencora, Inc. [COR], reported a transaction on December 17, 2025.
• Mauch disposed of 3,000 shares of Cencora Common Stock through a bona-fide gift.
• The shares were gifted to a Charitable Donor Advised Fund at a price of $0 per share.
• Following this transaction, Mauch beneficially owns 66,392 shares of Cencora Common Stock directly.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine disclosure of an insider gift, which does not directly reflect on the company's operational or financial performance. While a charitable gift can be seen positively from a public relations perspective, it is a disposition of shares.

Positives

• The gift to a Charitable Donor Advised Fund reflects positively on corporate social responsibility and the personal philanthropy of the CEO.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged and transparent disposition.

Negatives

• The disposition of 3,000 shares by the President & CEO reduces his direct beneficial ownership in the company.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

Insider transactions, such as gifts of shares by executives and directors, are routine disclosures required by the SEC under Form 4. These filings provide transparency into changes in beneficial ownership by key personnel and are a standard part of corporate governance reporting in the U.S. public markets.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership by the CEO, though the transaction is a gift rather than a market sale.
• Charitable Organizations: The recipient Charitable Donor Advised Fund benefits from the gift of common stock.

Key Dates

Keywords

Cencora, COR, Form 4, insider transaction, stock gift, Robert P. Mauch, CEO, director, charitable donation