Form 4: Cencora CEO Steven Collis Executes Stock Options and Sells Shares Under 10b5-1 Plan

Cencora's CEO, Steven H. Collis, exercised stock options and sold shares of common stock on September 17, 2024, according to a Form 4 filing with the SEC.

Summary

• Steven H. Collis, the Chairman, President, and CEO of Cencora, Inc., executed a transaction involving the company's stock on September 17, 2024.
• Collis exercised non-qualified stock options to acquire 21,509 shares of Cencora common stock at a price of $89.58 per share.
• Simultaneously, Collis sold 21,509 shares of Cencora common stock at a price of $241.01 per share.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan.
• Following these transactions, Collis directly owns 285,088 shares of Cencora common stock.
• Collis also directly owns 43,018 non-qualified stock options.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing insider transactions, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure of insider transactions. It is common for executives to have pre-arranged trading plans (Rule 10b5-1) to avoid accusations of trading on inside information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership.

Key Dates