Form 4: Cencora Executive Lazarus Krikorian Reports Stock Transactions

Cencora's SVP & Chief Accounting Officer, Lazarus Krikorian, acquired shares and disposed of shares to cover tax obligations related to performance share units.

Summary

• Lazarus Krikorian, SVP & Chief Accounting Officer at Cencora, Inc., reported transactions involving the company's common stock.
• On November 21, 2024, Krikorian acquired 1,831 shares of common stock at no cost due to the vesting of performance share units.
• Also on November 21, 2024, 792 shares were disposed of at a price of $225.08 per share to satisfy tax withholding obligations.
• Following these transactions, Krikorian directly owns 23,804 shares of Cencora common stock.
• Additionally, on November 20, 2024, Krikorian was granted 3,393 restricted stock units, which will vest in three equal installments over the next three years.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative sentiment. The vesting of performance units is a positive, but the sale to cover taxes is neutral.

Positives

• The vesting of performance share units indicates that performance goals were met.
• The grant of restricted stock units suggests continued alignment of executive interests with company performance.

Negatives

• The disposal of shares to cover tax obligations reduces the executive's direct shareholding.

Risks

• There are no significant risks identified in this document.

Future Outlook

The restricted stock units will vest in three equal installments on 11/20/2025, 11/20/2026 and 11/20/2027.

Industry Context

This is a routine filing related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive stock transactions are a common practice in publicly traded companies like Cencora.
• The vesting of performance share units and the grant of restricted stock units are standard forms of executive compensation.
• The tax withholding process is a typical procedure when stock units vest.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation practices.
• The vesting of performance share units and the grant of restricted stock units align executive interests with company performance.

Key Dates

Keywords

Cencora, Lazarus Krikorian, stock transactions, performance share units, restricted stock units, insider trading, executive compensation