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

Director Werner Baumann acquired 103 shares of Cencora, Inc. common stock on August 1, 2024, in lieu of a quarterly cash retainer.

Summary

• Werner Baumann, a director of Cencora, Inc., acquired 103 shares of common stock on August 1, 2024.
• 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 $244.46.
• Following the transaction, Baumann directly owns 1,776 shares of Cencora, Inc.
• Delivery of shares is deferred until January 15, 2028.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment due to alignment of interests.

Positives

• The acquisition reflects Baumann's continued investment in Cencora, Inc.
• The arrangement aligns director compensation with company equity.

Future Outlook

The document does not contain specific forward-looking statements regarding Cencora's future performance.

Industry Context

Director stock ownership is a common practice to align the interests of board members with those of shareholders. This transaction reflects a standard compensation practice for non-employee directors.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Granting stock in lieu of cash retainers is a common method to encourage long-term alignment with shareholder value.
• Many comparable companies such as McKesson and Cardinal Health also utilize equity-based compensation for their board members.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates