Form 4: Cencora CEO Mauch Reports RSU Vesting, Tax Withholding
Insider Transaction Report
Cencora President & CEO Robert P. Mauch reported the vesting of 638 restricted stock units and the subsequent disposition of an equal number of shares to cover tax obligations.
Summary
- Robert P. Mauch, President & CEO and Director of Cencora, Inc. (COR), reported transactions on December 15, 2025.
- Mauch acquired 638 shares of Cencora common stock through the vesting of Restricted Stock Units (RSUs).
- Concurrently, 638 shares of common stock were disposed of at a price of $350.32 per share to satisfy FICA obligations and associated income taxes related to the RSU vesting.
- Following these transactions, Mauch directly beneficially owns 69,392 shares of Cencora common stock.
- Mauch also holds 15,322 Restricted Stock Units, which are scheduled to vest in three equal installments on November 12, 2026, November 12, 2027, and November 12, 2028.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions related to executive compensation (RSU vesting and tax withholding), which are neutral in sentiment.
Positives
- The vesting of Restricted Stock Units indicates the fulfillment of compensation incentives for the CEO.
Negatives
- No direct negatives, as the disposition was for tax purposes, a standard practice for RSU vesting.
Future Outlook
Remaining Restricted Stock Units are scheduled to vest in three equal installments on November 12, 2026, November 12, 2027, and November 12, 2028.
Industry Context
This is a routine insider transaction related to executive compensation, common across publicly traded companies, and does not reflect broader industry trends or competitive positioning.
Comparison to Industry Standards
- The vesting of Restricted Stock Units and subsequent tax withholding is a standard practice for executive compensation in the pharmaceutical distribution and healthcare services industry, aligning with common practices seen in companies like Cardinal Health (CAH) or McKesson Corporation (MCK).
Stakeholder Impact
- Minimal direct impact on shareholders, as these are routine compensation-related transactions for an executive.
- Employees are not directly impacted by this specific filing, though it reflects standard executive compensation practices.
Next Steps
- Remaining Restricted Stock Units will vest in three equal installments on November 12, 2026.
- Remaining Restricted Stock Units will vest in three equal installments on November 12, 2027.
- Remaining Restricted Stock Units will vest in three equal installments on November 12, 2028.
Key Dates
| Date | Description |
|---|---|
| 12/15/2025 | Date of RSU vesting and associated tax disposition transactions. |
| 12/17/2025 | Date the Form 4 was signed by attorney-in-fact. |
| 11/12/2026 | First installment of remaining Restricted Stock Units vests. |
| 11/12/2027 | Second installment of remaining Restricted Stock Units vests. |
| 11/12/2028 | Third installment of remaining Restricted Stock Units vests. |
Keywords
Cencora, COR, Robert P. Mauch, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, CEO, Director
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