4//SEC Filing
NEIDORFF MICHAEL F 4
Accession 0001071739-21-000283
CIK 0001071739other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 6:52 PM ET
Size
16.1 KB
Accession
0001071739-21-000283
Insider Transaction Report
Form 4
CENTENE CORPCNC
NEIDORFF MICHAEL F
DirectorChairman, President and CEO
Transactions
- Tax Payment
Common Stock
2021-12-15$81.85/sh−117,183$9,591,429→ 6,361,837.351 total - Award
Common Stock Option (right to buy)
2021-12-15+74,000→ 74,000 totalExercise: $81.85Exp: 2031-12-15→ Common Stock (74,000 underlying) - Award
Common Stock
2021-12-15$66.42/sh+74,947$4,977,980→ 6,479,020.351 total - Award
Common Stock
2021-12-15$81.85/sh+155,773$12,750,020→ 6,517,610.351 total
Holdings
- 13,334
Common Stock Option (right to buy)
Exercise: $59.62From: 2022-12-11Exp: 2029-12-11→ Common Stock (13,334 underlying) - 3,600(indirect: By Spouse)
Common Stock
- 150,000
Common Stock Option (right to buy)
Exercise: $59.73From: 2023-12-15Exp: 2030-12-15→ Common Stock (150,000 underlying) - 494,498(indirect: By GRAT)
Common Stock
- 202,276.004
Phantom Stock
Exercise: $0.00From: 2011-02-11Exp: 2011-02-11→ Common Stock (202,276.004 underlying)
Footnotes (6)
- [F1]Represents the additional number of shares earned from a previously reported performance stock unit grant from December 2018 with a three-year performance period. Refer to Form 4 filed on December 13, 2018. 153,580 shares were reported based on achievement of target level of performance.
- [F2]Shares withheld for taxes upon vesting of previously reported stock grant.
- [F3]Ownership includes this award of 155,773 restricted stock units. 82,468 units are performance stock units. The number of performance stock units vesting at the end of the three-year period is predicated on meeting three-year performance conditions. The remaining 73,305 units will vest in three annual installments on the anniversary of the grant date. In addition, ownership includes 545,769 shares of restricted stock units subject to vesting requirements.
- [F4]Performance Stock Option granted on December 15, 2021, may become exercisable on or after the third anniversary of the grant date if the closing price of CNC's common stock equals or exceeds $100 per share for 20 consecutive trading days following the grant date.
- [F5]Each share of phantom stock represents the right to receive the fair market value of one share of Centene common stock.
- [F6]The phantom stock has no formal expiration date. The phantom stock will be settled in cash or other non-Company securities upon Mr. Neidorff's termination with the Company or on such other date Mr. Neidorff may elect.
Documents
Issuer
CENTENE CORP
CIK 0001071739
Entity typeother
IncorporatedMO
Related Parties
1- filerCIK 0001186257
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 6:52 PM ET
- Size
- 16.1 KB