Form 4: Cencora Director Lauren M. Tyler Acquires Shares in Lieu of Cash Retainer
SEC Form 4 Filing
Director Lauren M. Tyler acquired 104 shares of Cencora, Inc. common stock on May 1, 2025, in lieu of a $30,000 quarterly cash retainer.
Summary
- On May 1, 2025, Lauren M. Tyler, a director of Cencora, Inc., acquired 104 shares of common stock.
- The acquisition was made in lieu of a $30,000 quarterly cash retainer, as part of the company's Non-Employee Director Compensation Program.
- The price per share was $290.43.
- Following the transaction, Tyler directly owns 2,875 shares of Cencora common stock.
- Delivery of shares is deferred until March 1, 2030.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The transaction reflects a director's continued investment in the company, but it's a routine part of the compensation program.
Positives
- The acquisition reflects the director's continued investment in the company.
- The use of stock in lieu of cash retainer may conserve company cash resources.
Future Outlook
Delivery of shares is deferred until March 1, 2030.
Industry Context
Director compensation packages often include stock options or restricted stock units to align the interests of directors with those of shareholders. This transaction is part of Cencora's Non-Employee Director Compensation Program.
Comparison to Industry Standards
- Director compensation structures vary across the pharmaceutical distribution industry.
- Companies like McKesson and Cardinal Health also utilize a mix of cash and equity in their director compensation packages.
- The specific allocation between cash and equity can depend on company size, performance, and governance practices.
- The $30,000 quarterly retainer converted to stock is within a reasonable range for director compensation at a company the size of Cencora.
Stakeholder Impact
- The transaction aligns the director's interests with those of shareholders.
- The use of stock in lieu of cash may be viewed positively by shareholders as it conserves company cash.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of transaction: Acquisition of 104 shares of common stock. |
| 05/05/2025 | Date of signature on the Form 4 filing. |
| 03/01/2030 | Deferred delivery date of shares. |
Keywords
Cencora, Director, Lauren M. Tyler, Stock Acquisition, Form 4, Non-Employee Director Compensation, Common Stock
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