Form 4: Cencora Director Baumann Acquires Shares Through Restricted Stock Units

Director Werner Baumann acquired 125 shares of Cencora, Inc. through restricted stock units (RSUs) in lieu of a quarterly cash retainer.

Summary

• Werner Baumann, a director of Cencora, Inc., acquired 125 shares of common stock on May 1, 2025.
• The acquisition was made through the grant of restricted stock units (RSUs) in lieu of a $36,250 quarterly cash retainer, as part of Cencora's Non-Employee Director Compensation Program.
• The price per share was $290.43.
• Delivery of the shares is deferred until February 15, 2028.
• Following the transaction, Baumann directly owns 2,896 shares of Cencora common stock.

Sentiment

Score: 7

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

Positives

• The acquisition reflects Baumann's continued investment in Cencora.
• The use of RSUs aligns Baumann's interests with those of long-term shareholders.
• The director compensation program seems to be well structured.

Future Outlook

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

Industry Context

Director share acquisitions are common and often viewed positively as they align management's interests with shareholders. The use of RSUs is a typical component of executive compensation packages in publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash retainers, equity awards (like RSUs), and other benefits.
• The specific structure and value of these packages vary depending on the company's size, industry, and performance.
• Comparing Cencora's director compensation program to those of its peers (e.g., McKesson, Cardinal Health) would provide a more comprehensive assessment of its competitiveness.

Related Party Transactions

• The grant of RSUs to Werner Baumann is a related party transaction as he is a director of Cencora.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
• The transaction has a minor impact on the director as it increases their shareholding in the company.

Key Dates

Keywords

Cencora, Director, Werner Baumann, Restricted Stock Units, RSUs, Share Acquisition, Form 4, Director Compensation, Equity Securities