Form 4: Cencora Officer's Stock Transactions & RSU Grant

Cencora's SVP & Chief Accounting Officer, Lazarus Krikorian, reported acquiring common stock and restricted stock units, alongside a disposal for tax withholding.

Summary

• Lazarus Krikorian, SVP & Chief Accounting Officer of Cencora, Inc. (COR), reported transactions in the company's common stock and restricted stock units.
• On November 13, 2025, Krikorian acquired 2,434 shares of common stock for no consideration, following the satisfaction of performance criteria for an award of performance share units.
• Concurrently, 1,059 shares of common stock were disposed of at a price of $312.53 per share to satisfy tax withholding obligations related to the vesting of performance share units.
• Following these transactions, Krikorian directly beneficially owns 20,583 shares of common stock.
• On November 12, 2025, Krikorian was granted 2,271 Restricted Stock Units (RSUs) for no consideration.
• These RSUs are scheduled to vest in three equal installments on November 12, 2026, November 12, 2027, and November 12, 2028.
• Krikorian directly beneficially owns 2,271 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation and tax obligations, which are neutral in sentiment.

Positives

• Acquisition of 2,434 shares of common stock for no consideration, indicating successful achievement of performance criteria.
• Grant of 2,271 Restricted Stock Units, aligning management incentives with long-term company performance.

Negatives

• Disposal of 1,059 shares of common stock at $312.53 per share to cover tax withholding obligations, resulting in a reduction of direct common stock holdings.

Future Outlook

The vesting schedule for the 2,271 Restricted Stock Units over the next three years (2026, 2027, 2028) indicates a long-term incentive and retention strategy for the SVP & Chief Accounting Officer.

Management Comments

• The transactions reflect the company's executive compensation structure, where performance share units are awarded upon achievement of specific criteria, and Restricted Stock Units are granted as long-term incentives.

Industry Context

This Form 4 filing details routine insider transactions related to executive compensation, which is a standard practice across publicly traded companies to align management interests with shareholder value. It does not provide specific insights into broader industry trends for Cencora, Inc.

Stakeholder Impact

• Shareholders: Minor impact, as these are routine compensation-related transactions by an executive.
• Management: The transactions reflect the compensation and incentive structure for the SVP & Chief Accounting Officer.

Next Steps

• Vesting of Restricted Stock Units in three equal installments on November 12, 2026, November 12, 2027, and November 12, 2028.

Key Dates

Keywords

Cencora, COR, Form 4, Insider Transaction, Stock Transactions, Restricted Stock Units, Performance Share Units, Executive Compensation