Form 4: Cencora Director Dennis M. Nally Acquires Shares in Lieu of Cash Retainer

Director Dennis M. Nally acquired 134 shares of Cencora, Inc. common stock on November 1, 2024, in lieu of a cash retainer.

Summary

• On November 1, 2024, Dennis M. Nally, a director of Cencora, Inc., acquired 134 shares of common stock.
• The acquisition was made in lieu of a $31,250 quarterly cash retainer, as per the company's Non-Employee Director Compensation Program.
• The price per share was $234.27.
• Following the transaction, Nally directly owns 12,218 shares of Cencora common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director taking shares in lieu of cash suggests confidence, but it's a routine transaction.

Positives

• The director's decision to take shares in lieu of cash demonstrates confidence in the company's future prospects.

Future Outlook

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

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It is common for directors to receive equity as part of their compensation.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• The specific amount and structure of equity compensation vary widely based on company size, industry, and individual director roles.
• Comparing Cencora's director compensation to peers like McKesson, Cardinal Health, and AmerisourceBergen would provide a more comprehensive understanding of its competitiveness.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding director compensation.

Key Dates