Form 4: Centene CFO Asher Andrew Lynn Reports Significant Stock Transactions

Centene's Chief Financial Officer, Asher Andrew Lynn, reports acquisition and disposal of company stock, including shares withheld for taxes and vesting of restricted stock units.

Summary

• On March 15, 2025, Asher Andrew Lynn, the CFO of Centene Corp, engaged in transactions involving the company's common stock.
• 8,458 shares were disposed of at a price of $58.19 per share to cover taxes related to vesting restricted stock units.
• Lynn also acquired 223,406 shares of common stock.
• Following these transactions, Lynn directly owns 668,208.48 shares of Centene common stock.
• This includes 172,625 previously-granted restricted stock units and performance stock units (reported at target level performance) subject to vesting requirements, as well as 15,767 performance stock units reported at actual performance for the performance period ended December 31, 2024, which vest on April 26, 2025.
• The acquired shares include 54,992 restricted stock units that vest in three annual installments on the anniversary of the grant date and 168,414 performance stock units reported at target level performance.
• The actual number of performance stock units vesting on March 15, 2028, is predicated on meeting three-year performance conditions.
• Lynn also holds a Common Stock Option (right to buy) for 13,449 shares at an exercise price of $81.85, which may become exercisable on or after December 15, 2024, if the closing price of CNC's common stock equals or exceeds $100 per share for 20 consecutive trading days following the grant date.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document primarily reports stock transactions by an officer, which is a routine disclosure. The disposal of shares to cover taxes is common, and the acquisition of shares suggests continued investment in the company.

Future Outlook

The number of performance stock units vesting on March 15, 2028, is contingent upon meeting three-year performance conditions.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and potential alignment with shareholder interests.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company's future prospects.

Key Dates