Form 4: Cencora Inc. Director Dennis M. Nally Acquires Shares in Lieu of Cash Retainer
SEC Form 4 Filing
Director Dennis M. Nally acquired 137 shares of Cencora Inc. common stock on May 1, 2024, in lieu of a cash retainer.
Summary
- On May 1, 2024, Dennis M. Nally, a director of Cencora Inc., acquired 137 shares of common stock.
- The acquisition was in lieu of a $31,250 quarterly cash retainer, as per the company's Non-Employee Director Compensation Program.
- The price per share was $229.2.
- Following the transaction, Nally directly owns 11,956 shares of Cencora Inc. common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
Director share acquisitions are common and often tied to compensation plans, aligning director interests with shareholder value.
Related Party Transactions
- The acquisition of shares by Dennis M. Nally, a director, in lieu of a cash retainer is a related party transaction.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: Dennis M. Nally acquired 137 shares of Cencora Inc. common stock. |
| 05/03/2024 | Date of signature: The Form 4 was signed on May 3, 2024. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.