Form 4: Centene Director Theodore Samuels Receives Stock Grant

Centene Corporation Director Theodore R. Samuels II was granted 3,992 restricted stock units as part of an equity award.

Summary

• Director Theodore R. Samuels II acquired 3,992 shares of Centene Corporation (CNC) common stock.
• The transaction occurred on May 12, 2026.
• The shares were granted as restricted stock units with a vesting date of May 12, 2027, or the date of the next annual meeting, whichever is earlier.
• Following this transaction, the director's direct beneficial ownership increased to 24,747.979 shares.
• The director also maintains indirect ownership of 32,000 shares held in a family trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Director alignment with shareholder interests through increased equity holdings.
• Standard equity compensation structure for board members.

Negatives

• None identified in this filing.

Risks

• None identified in this filing.

Future Outlook

The restricted stock units are scheduled to vest in full on May 12, 2027, or upon the date of the next annual meeting of stockholders.

Industry Context

StockSavvy.ai notes that director equity grants are standard corporate governance practices designed to align board member incentives with long-term shareholder value in the managed care and health insurance sector.

Comparison to Industry Standards

• The grant of restricted stock units to non-employee directors is consistent with compensation practices at peer companies like UnitedHealth Group and Elevance Health.

Related Party Transactions

• The director serves as a co-trustee for a family trust that holds 32,000 shares of Centene common stock.

Stakeholder Impact

• Minimal impact; reflects standard board compensation.

Next Steps

• Vesting of restricted stock units on May 12, 2027, or the next annual meeting.

Key Dates

Keywords

Centene, CNC, Insider Trading, Form 4, Director Compensation, Equity Grant