Form 4: Cencora CFO Cleary Reports RSU Vesting and Tax Withholding

Cencora's Chief Financial Officer, James F. Cleary, reported the vesting of restricted stock units and subsequent tax-related dispositions of common stock on November 7, 2025.

Summary

• James F. Cleary, Chief Financial Officer of Cencora, Inc. (COR), reported transactions on November 7, 2025, related to his beneficial ownership.
• Acquired 2,951 shares of Common Stock upon the vesting of a grant of Restricted Stock Units (RSUs).
• Disposed of 1,250 shares of Common Stock at a price of $360.70 per share to satisfy tax withholding obligations incident to the vesting of the first RSU grant.
• Acquired an additional 2,439 shares of Common Stock upon the vesting of a separate grant of RSUs.
• Disposed of 705 shares of Common Stock at a price of $360.70 per share to satisfy tax withholding obligations for the second RSU vesting.
• Following these reported transactions, Cleary's direct beneficial ownership of Cencora Common Stock stands at 117,728.3479 shares.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation (RSU vesting and tax withholding), which are neither inherently positive nor negative for the company's operational or financial performance.

Positives

• CFO James F. Cleary acquired a total of 5,390 shares of Common Stock through the vesting of Restricted Stock Units, increasing his direct ownership before tax-related dispositions.

Negatives

• CFO James F. Cleary disposed of a total of 1,955 shares of Common Stock to cover tax withholding obligations, which reduced his direct beneficial ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The filing reflects standard executive compensation practices and a minor, routine change in insider ownership, which is unlikely to have a significant impact on shareholder value.
• Employees: No direct impact on the broader employee base beyond the reporting executive.

Next Steps

• Remaining installments of the first RSU grant are scheduled to vest on November 9, 2024, and November 9, 2025.
• Remaining installments of the second RSU grant are scheduled to vest on November 8, 2025, and November 8, 2026.

Key Dates

Recommendation

The filing details routine insider transactions involving the vesting of restricted stock units and subsequent sales for tax withholding. These are standard compensation events and do not provide new information that would alter the fundamental investment thesis for Cencora, Inc. Therefore, a 'hold' recommendation is appropriate as there's no catalyst for a change in outlook based solely on this filing.

Keywords

Cencora, COR, Form 4, insider transaction, restricted stock units, RSU vesting, CFO, beneficial ownership, executive compensation