Form 4: Centene Corp Executive Kenneth Fasola Reports Stock Transactions

Kenneth Fasola, President of Centene Corp, reports acquisition and disposal of company stock and derivative securities.

Summary

• On March 15, 2024, Kenneth J Fasola, President of Centene Corp, reported transactions involving Centene's common stock.
• Fasola disposed of 6,232 shares of common stock at $76.05 per share to cover taxes upon vesting of restricted stock units.
• Fasola also acquired 79,224 shares of common stock at $0.
• Following these transactions, Fasola directly owns 308,357 shares of Centene common stock.
• The report also mentions phantom stock, which represents the right to receive the fair market value of one share of Centene common stock, settled upon termination or election by Mr. Fasola.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The actual number of performance stock units vesting on March 15, 2027, is predicated on meeting three-year performance conditions.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• The transactions may have a minor impact on the stock price due to the volume of shares involved.

Key Dates