Form 4: Centene CEO Sarah London Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Sarah London, CEO of Centene Corp, reports the withholding of shares for taxes upon vesting of a stock grant.
Summary
- On February 28, 2024, Sarah London, the CEO of Centene Corp, reported a transaction involving common stock.
- 2,514 shares were withheld for taxes upon the vesting of a previously reported stock grant at a price of $80.41.
- Following the transaction, London beneficially owns 538,784 shares of Centene Corp, including 442,416 shares of restricted stock subject to vesting requirements.
- London also holds options to purchase 13,449 shares of common stock at an exercise price of $81.85, which may become exercisable on or after December 15, 2024, if the stock price reaches $100 for 20 consecutive trading days.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative implications for the company's overall performance.
Future Outlook
The performance stock options may become exercisable if Centene's stock price equals or exceeds $100 per share for 20 consecutive trading days following the grant date of December 15, 2021.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: shares withheld for taxes. |
| 03/01/2024 | Date of signature on the Form 4 filing. |
| 12/15/2021 | Date of grant for performance stock options. |
| 12/15/2031 | Expiration date of common stock options. |
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