Form 4: Centene Director Acquires 5,000 Shares in Open Market Transaction

Centene director Theodore R. Samuels II purchased 5,000 shares of common stock at $58.86 per share on December 13, 2024.

Summary

• Theodore R. Samuels II, a director at Centene Corp, acquired 5,000 shares of common stock on December 13, 2024.
• The shares were purchased at a price of $58.86 each.
• Following the transaction, Mr. Samuels directly owns 13,622.979 shares and indirectly owns 23,000 shares through a family trust.
• Mr. Samuels also holds options to purchase 10,000 shares of common stock at an exercise price of $80.57, exercisable from February 7, 2025, to February 7, 2032.
• The direct ownership includes 2,916 shares of restricted stock units subject to vesting requirements.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The purchase of shares by a director is generally seen as a positive sign, but it's a routine transaction and not a major event.

Positives

• The director's purchase of shares could be seen as a positive signal of confidence in the company's future prospects.

Industry Context

This is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transaction is similar to other insider purchases, where directors buy shares in their own company, often seen as a sign of confidence.
• The option grants are also a common form of compensation for directors and executives.

Stakeholder Impact

• The purchase may have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Centene, Director, Insider Trading, Stock Purchase, Common Stock, Options, Beneficial Ownership, SEC Form 4