Form 4: Centene Director Kenneth Burdick Reports Stock Transactions

Director Kenneth Burdick reports acquisition of restricted stock units and indirect ownership through Burdick Family LLC.

Summary

• Kenneth Burdick, a director of Centene Corp, reported transactions involving the company's common stock.
• On May 13, 2025, Mr. Burdick acquired 3,579 shares of restricted stock units, vesting fully on the earlier of May 13, 2026, or the date of the next annual meeting of stockholders.
• Mr. Burdick also reported indirect ownership of 86,498 shares of common stock through the Burdick Family LLC, where he serves as a chief manager.
• He disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
• Mr. Burdick also owns 10,000 common stock options exercisable from February 7, 2025, expiring on February 7, 2032, with an exercise price of $80.57.

Sentiment

Score: 5

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

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company.

Key Dates

Keywords

Centene, CNC, Director, Burdick, Stock, Transactions, Restricted Stock Units, Options, Beneficial Ownership, Form 4