Form 4: Cencora Director Baumann Acquires Shares in Lieu of Cash Retainer

Director Werner Baumann acquired 99 shares of Cencora, Inc. common stock on January 31, 2025, in lieu of a $25,000 quarterly cash retainer.

Summary

• Werner Baumann, a director of Cencora, Inc., acquired 99 shares of common stock on January 31, 2025.
• The acquisition was made in lieu of a $25,000 quarterly cash retainer, as part of the company's Non-Employee Director Compensation Program.
• The price per share was $254.21.
• Following the transaction, Baumann directly owns 1,982 shares of Cencora common stock.
• The delivery of shares is deferred until February 15, 2028.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, indicating continued alignment of interests between the director and the company.

Positives

• The acquisition reflects Baumann's continued investment in Cencora.
• The use of RSUs in lieu of cash may be seen as a tax-efficient compensation strategy for the director.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company directors. It is common for directors to receive stock-based compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director compensation with company performance.

Key Dates