Form 4: Centene Director Kenneth Burdick Reports Acquisition of Common Stock

Director Kenneth Burdick reports acquiring 402 shares of Centene Corp common stock and discloses holdings of derivative securities.

Summary

• On September 30, 2024, Kenneth A. Burdick, a director of Centene Corp, reported acquiring 402 shares of common stock at an unspecified price.
• Following the transaction, Mr. Burdick directly owns 361,920.924 shares of common stock, which includes 2,916 shares of restricted stock units subject to vesting requirements.
• Mr. Burdick also indirectly owns 86,498 shares through the Burdick Family LLC, of which he is a chief manager, but disclaims beneficial ownership except to the extent of his pecuniary interest.
• Additionally, Mr. Burdick holds options to purchase 10,000 shares of common stock at an exercise price of $80.57, exercisable from February 7, 2025, and expiring on February 7, 2032.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions by a company director.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects the director's confidence in the company.

Key Dates