Form 4: Cencora CFO Cleary Reports Routine Stock Transactions

Cencora's Chief Financial Officer, James F. Cleary, reported the vesting of restricted stock units and subsequent sale of shares for tax obligations.

Summary

• James F. Cleary, Chief Financial Officer of Cencora, Inc. (COR), reported changes in his beneficial ownership of common stock.
• On November 20, 2025, 1,876 shares of common stock were acquired due to the vesting of Restricted Stock Units (RSUs).
• Following this acquisition, Mr. Cleary's direct beneficial ownership increased to 135,765.3479 shares.
• Concurrently, 824 shares of common stock were disposed of on November 20, 2025, at a price of $362.07 per share, to satisfy tax withholding obligations related to the RSU vesting.
• After the disposition, Mr. Cleary's direct beneficial ownership stands at 134,941.3479 shares.
• The RSUs were granted for no consideration and vest in three equal installments on November 20, 2025, November 20, 2026, and November 20, 2027.
• Mr. Cleary beneficially owns 4,167 derivative securities (Restricted Stock Units) following these transactions.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation (RSU vesting and tax-related share disposition), which is a neutral event for the company's operational or financial performance.

Positives

• The vesting of 1,876 Restricted Stock Units (RSUs) represents a component of executive compensation, indicating continued alignment of management's interests with shareholders through equity ownership.
• The RSU grant structure, with vesting over three years, suggests a long-term retention strategy for key management personnel.

Negatives

• A disposition of 824 shares of common stock occurred to cover tax withholding obligations, which slightly reduces the direct beneficial ownership of the Chief Financial Officer.

Related Party Transactions

• The grant of Restricted Stock Units to James F. Cleary, the Chief Financial Officer, represents a compensation arrangement between the company and an executive.

Stakeholder Impact

• Shareholders: The transaction is a routine disclosure of executive compensation and tax-related share sales, which is generally not expected to have a significant direct impact on shareholder value.
• Employees: The vesting of RSUs is part of the executive compensation structure, which can influence employee retention and motivation at senior levels.

Next Steps

• Future installments of the Restricted Stock Units are scheduled to vest on November 20, 2026, and November 20, 2027.

Key Dates

Keywords

Cencora, COR, James F. Cleary, Chief Financial Officer, Form 4, SEC filing, Restricted Stock Units, RSU vesting, insider transaction, beneficial ownership, stock disposition, tax withholding