Form 4: Cencora Director Lauren M. Tyler Acquires Shares in Lieu of Cash Retainer

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

Summary

• Lauren M. Tyler, 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, Tyler directly owns 1,982 shares of Cencora common stock.
• Delivery of the shares is deferred until March 1, 2030.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director taking shares instead of cash indicates confidence in the company. The transaction itself is routine and expected.

Positives

• The director's decision to take shares instead of cash demonstrates confidence in the company's future performance.
• The Non-Employee Director Compensation Program provides flexibility in compensation.

Future Outlook

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

Industry Context

Director compensation in the form of equity is a common practice among publicly traded companies to align the interests of directors with those of shareholders. This encourages long-term value creation.

Comparison to Industry Standards

• Many companies, such as McKesson and Cardinal Health, offer similar equity-based compensation plans for their non-employee directors.
• The specific amount and structure of equity grants vary based on company size, performance, and industry norms.
• Deferred delivery of shares is also a common practice to further align director interests with long-term shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with long-term value creation.

Key Dates

Keywords

Cencora, Director, Share Acquisition, Lauren M. Tyler, Form 4, Non-Employee Director Compensation Program, Stock, Equity