Form 4: Centene Director Kenneth Burdick Reports Acquisition of 556 Shares and Existing Holdings

Centene Corp Director Kenneth A. Burdick reported the acquisition of 556 shares of common stock at no cost, effective June 30, 2025, alongside existing direct and indirect holdings and stock options.

Summary

• Kenneth A. Burdick, a Director of Centene Corp (CNC), reported changes in his beneficial ownership.
• On June 30, 2025, Mr. Burdick acquired 556 shares of common stock at a price of $0 per share, indicating a grant or award.
• Following this transaction, Mr. Burdick directly beneficially owns 367,052.924 shares of common stock, which includes 3,579 shares of restricted stock units subject to vesting requirements.
• Additionally, Mr. Burdick indirectly beneficially owns 86,498 shares of common stock through the Burdick Family LLC, where he is a chief manager, though he disclaims beneficial ownership except for his pecuniary interest.
• Mr. Burdick also directly holds 10,000 common stock options with an exercise price of $80.57, exercisable from February 7, 2025, and expiring on February 7, 2032.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even if a grant, is generally a positive signal as it increases insider ownership and aligns interests with shareholders. No negative transactions were reported.

Positives

• Director Kenneth A. Burdick acquired 556 shares of common stock, increasing his direct holdings.
• The acquisition was at a price of $0, indicating a grant or award, which is a form of compensation and aligns management interests with shareholders.
• Mr. Burdick maintains significant direct and indirect ownership in the company, aligning his interests with shareholders.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Kenneth A. Burdick indirectly owns 86,498 shares through the Burdick Family LLC, of which he is a chief manager. He disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Increased insider ownership by a director may be viewed positively by shareholders, indicating confidence in the company's future performance.
• The grant of shares at $0 price to a director is a form of compensation, impacting company equity and potentially employee morale.

Key Dates

Recommendation

Keywords

Centene Corp, CNC, Kenneth A. Burdick, SEC Form 4, Insider Trading, Director Stock Ownership, Restricted Stock Units, Stock Options, Beneficial Ownership