Form 4: Cencora Inc. Chairman, President & CEO Steven H. Collis Reports Stock Transactions
SEC Form 4 Filing
Steven H. Collis, Chairman, President & CEO of Cencora, Inc., reported the exercise of stock options and subsequent sale of shares under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On May 21, 2024, Steven H. Collis exercised non-qualified stock options to acquire 10,755 shares of Cencora, Inc. common stock at a price of $89.58 per share.
- The same day, Collis sold 10,755 shares of common stock at a price of $221.3 per share.
- These transactions were executed under a Rule 10b5-1 trading plan established on December 18, 2023.
- Following these transactions, Collis directly owns 285,088 shares of Cencora, Inc. common stock.
- Collis also directly owns 96,790 non-qualified stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transactions are part of a pre-planned trading strategy and do not necessarily reflect a change in the executive's confidence in the company.
Industry Context
This filing is a routine disclosure of insider transactions. It is common for executives to utilize Rule 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| 12/18/2023 | Date of establishment of Rule 10b5-1 trading plan |
| 12/21/2023 | Date of filing of Form 8-K disclosing the Rule 10b5-1 trading plan |
| 05/21/2024 | Date of stock option exercise and stock sale |
| 05/22/2024 | Date of signature on the Form 4 filing |
| 11/14/2025 | Expiration date of the non-qualified stock options |
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