Form 4: Centene CFO Acquires 17,200 Shares in Open Market Purchase

Centene's Chief Financial Officer, Andrew Lynn Asher, purchased 17,200 shares of common stock at an average price of $58.14.

Summary

• Andrew Lynn Asher, the Chief Financial Officer of Centene Corp, acquired 17,200 shares of common stock on November 13, 2024.
• The shares were purchased at a weighted average price of $58.14, with individual prices ranging from $57.96 to $58.22.
• Following this transaction, Mr. Asher directly owns 486,847.48 shares of Centene common stock, which includes 252,213 shares of previously granted restricted stock units and performance stock units.
• Mr. Asher also holds a performance stock option granted on December 15, 2021, which may become exercisable if Centene's stock price reaches $100 for 20 consecutive trading days after the grant date.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment, as it reports a routine insider transaction. The purchase could be seen as a positive sign, but it's not a major event.

Positives

• The CFO's purchase of shares could be seen as a positive signal of confidence in the company's future prospects.
• The purchase increases the CFO's direct stake in the company, aligning his interests with those of shareholders.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who trade their company's stock. 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, ensuring transparency of insider trading.
• The purchase by the CFO is not unusual and is similar to other insider transactions in the healthcare sector.
• The size of the purchase is not particularly large compared to other insider transactions, but it is still a notable event.

Stakeholder Impact

• The purchase may have a minor positive impact on shareholder sentiment, as it indicates confidence from a key executive.

Key Dates

Keywords

Centene, CFO, Andrew Lynn Asher, stock purchase, insider trading, common stock, performance stock option, restricted stock units