Form 4: Centene Corp: Executive Trades Common Stock

Susan Raye Smith, Chief Operating Officer of Centene Corp, reported a transaction involving common stock on June 15, 2026.

Summary

• Susan Raye Smith, Chief Operating Officer of Centene Corp, engaged in a transaction involving common stock on June 15, 2026.
• 483 shares of common stock were disposed of, with a transaction code 'F', indicating shares withheld for taxes upon vesting of a previously-reported grant of restricted stock units.
• The price per share for this transaction was $65.19.
• Following this transaction, Susan Raye Smith beneficially owns 212,237 shares of common stock directly.
• This ownership includes 181,082 shares from previously-granted restricted stock units and performance stock units, which are subject to vesting requirements and reported at target performance levels.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine tax withholding event related to executive compensation rather than a strategic decision to buy or sell shares based on market outlook.

Positives

• The transaction reflects the settlement of previously granted equity awards, indicating continued incentive alignment for management.
• Direct beneficial ownership of 212,237 shares demonstrates a significant personal stake in the company's performance.

Negatives

• The disposal of 483 shares, even if for tax withholding, represents a reduction in the executive's direct holdings.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for executive stock transactions, providing transparency into insider holdings and activities. This filing indicates a routine settlement of equity awards for a key executive at Centene Corp.

Stakeholder Impact

• Shareholders: Increased transparency regarding executive equity compensation and holdings.
• Employees: Reinforces the company's use of equity-based compensation to incentivize management.
• Management: Reflects the settlement of equity awards, a common component of executive compensation packages.

Key Dates

Keywords

Centene Corp, CNC, Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, Executive Compensation, Beneficial Ownership