Form 4: Cencora SVP & Chief Accounting Officer, Lazarus Krikorian, Reports Stock Transactions

Lazarus Krikorian, SVP & Chief Accounting Officer at Cencora, Inc., reported multiple transactions involving the acquisition and disposal of common stock and restricted stock units on November 8, 2024.

Summary

• Lazarus Krikorian, a Senior Vice President and Chief Accounting Officer at Cencora, Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
• The transactions occurred on November 8, 2024, and involved the acquisition of common stock through the vesting of restricted stock units and the subsequent disposal of some shares to cover tax obligations.
• Specifically, Mr. Krikorian acquired 1,061, 1,433, and 1,229 shares of common stock through the vesting of restricted stock units.
• He also disposed of 303, 375, and 322 shares of common stock to satisfy tax withholding obligations at a price of $248.41 per share.
• Following these transactions, Mr. Krikorian's direct holdings include 22,765 shares of common stock and 2,796 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common practice for publicly traded companies. It provides transparency into the trading activities of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The transactions reported are typical for executives who receive stock-based compensation, such as restricted stock units.
• The tax-related disposals are also a common occurrence when restricted stock units vest.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and do not indicate a change in the company's fundamentals.

Key Dates

Keywords

Cencora, Lazarus Krikorian, Form 4, Stock Transactions, Restricted Stock Units, Beneficial Ownership, Insider Trading