Form 4: Centene CFO Asher Andrew Lynn Reports Stock Transaction
SEC Form 4 Filing
Centene's Chief Financial Officer, Asher Andrew Lynn, reports the disposal of 6,559 shares of common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On May 7, 2024, Asher Andrew Lynn, the Chief Financial Officer of Centene Corp, disposed of 6,559 shares of common stock.
- The transaction was executed to cover tax obligations related to the vesting of previously-reported restricted stock units.
- The shares were disposed of at a price of $75.14 per share.
- Following the transaction, Asher Andrew Lynn beneficially owns 469,647.48 shares of Centene common stock, which includes 252,213 shares of restricted stock units and performance stock units subject to vesting requirements.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a standard transaction related to tax obligations upon vesting of stock units, which is a common practice among corporate executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 12/15/2021 | Performance Stock Option granted |
| 05/07/2024 | Date of stock disposal for tax obligations |
| 05/08/2024 | Date of signature for the SEC filing |
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