Form 4: Cencora CFO Exercises Stock Options, Sells for Tax

Cencora's Chief Financial Officer, James F. Cleary, exercised non-qualified stock options and subsequently sold shares to cover tax withholding obligations.

Summary

• James F. Cleary, Chief Financial Officer of Cencora, Inc. (COR), reported transactions involving the company's common stock.
• On December 17, 2025, Mr. Cleary acquired 45,154 shares of common stock through the exercise of non-qualified stock options at an exercise price of $86.09 per share.
• Concurrently, 26,952 shares were disposed of at a price of $344.145 per share to satisfy tax withholding obligations related to the option exercise.
• Following these transactions, Mr. Cleary's direct beneficial ownership of Cencora common stock stands at 153,143.3479 shares.
• The exercised options were part of a grant exercisable in four equal installments on November 13, 2020, November 13, 2021, November 13, 2022, and November 13, 2023, with an expiration date of November 13, 2026.

Sentiment

Score: 6

Explanation: The filing reports a routine insider transaction involving the exercise of stock options and a tax-related sale. While the exercise itself can be seen as a minor positive signal of confidence, the overall impact is neutral as it's a standard compensation event.

Positives

• The exercise of stock options by a Chief Financial Officer can signal confidence in the company's future performance and valuation.

Negatives

• A portion of the acquired shares was sold to cover tax withholding obligations, which is a standard practice and not indicative of a discretionary sale.

Stakeholder Impact

• Shareholders may view the CFO's exercise of options as a minor positive signal, indicating continued alignment of management's interests with shareholder value.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction (option exercise and tax-related sale) by the CFO. Such transactions are common and generally do not provide sufficient new information to warrant a change in investment recommendation. The event is expected and does not reflect a discretionary sale or a significant shift in company fundamentals or outlook. Investors should consider broader company performance, industry trends, and financial reports for investment decisions.

Keywords

Cencora, COR, Form 4, Insider Transaction, Stock Options, CFO, Equity Compensation, Beneficial Ownership