Form 4: Cencora CEO Robert Mauch Reports Stock Transactions
SEC Form 4 Filing
Cencora's CEO, Robert Mauch, reports the lapsing of restrictions on restricted stock units to cover tax obligations.
Summary
- Robert P. Mauch, the President & CEO of Cencora, Inc. reported transactions involving Cencora's common stock on December 18, 2024.
- These transactions involved the lapsing of restrictions on 789 Restricted Stock Units (RSUs) to cover FICA obligations and associated income taxes for retirement eligible employees on the 2024 grant of restricted stock units.
- The price used to calculate the FICA tax obligation was $232.24, which was the closing price of Cencora's common stock on December 18, 2024.
- Following these transactions, Mauch directly owns 52,814 shares of Cencora common stock and 18,948 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the lapsing of restrictions on RSUs to cover tax obligations, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 12/18/2024 | Date of stock transaction and calculation of FICA tax obligation. |
| 11/20/2025 | First vesting date for the Restricted Stock Units. |
| 11/20/2026 | Second vesting date for the Restricted Stock Units. |
| 11/20/2027 | Third vesting date for the Restricted Stock Units. |
| 12/20/2024 | Date of signature for the report. |
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