LONDON SARAH 4
4 · CENTENE CORP · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Centene (CNC) CEO Sarah London Receives 520,720-Share Award
What Happened
- Sarah London, CEO of Centene Corporation (CNC), received a grant of 520,720 shares on January 26, 2026. The award is reported at $0.00 per share (compensation award, not a market purchase) and therefore has no immediate cash cost to her.
- The grant consists of restricted stock units (RSUs) and performance stock units (PSUs); the PSUs are performance-contingent and the number that ultimately vests may vary based on future stock-price performance.
Key Details
- Transaction date: 2026-01-26; Form 4 filed: 2026-01-28 (no late filing indicated).
- Shares granted: 520,720 total; reported acquisition price: $0.00 (award/grant).
- Vesting breakdown (from filing footnotes):
- 138,859 RSUs vest in three annual installments beginning March 15, 2027.
- 69,429 RSUs vest in five annual installments beginning March 15, 2027.
- 312,432 PSUs reported at target; actual PSUs that vest on March 15, 2029 can range from 0%–200% of target based on the company’s stock-price performance (see filing footnote).
- Shares owned after the transaction: the filing does not list a single total; it notes ownership includes 591,998 previously-granted RSUs/PSUs reported at target levels.
- Other note in filing: an earlier performance stock option (granted Dec 15, 2021) remains outstanding and may become exercisable if CNC’s closing price meets a $100-for-20-consecutive-trading-days trigger.
- No special selling, 10b5-1 plan, or tax-withholding sale was reported with this grant.
Context
- This is a compensation grant (award) rather than a buy or sell. RSUs and PSUs are typically subject to vesting and performance conditions, so they do not represent immediately liquid shares.
- PSUs are performance-contingent (0–200% of target) and vest on a future date (March 15, 2029, per the filing), so final share counts and value depend on future stock performance and vesting outcomes.
- For retail investors, awards like this are routine for executives and reflect compensation policy rather than direct market timing or an open-market investment by the insider.
Insider Transaction Report
Form 4
CENTENE CORPCNC
LONDON SARAH
DirectorChief Executive Officer
Transactions
- Award
Common Stock
[F1][F2]2026-01-26+520,720→ 1,365,995 total
Holdings
- 13,449
Common Stock Option (right to buy)
[F3]Exercise: $81.85Exp: 2031-12-15→ Common Stock (13,449 underlying)
Footnotes (3)
- [F1]This award includes 138,859 restricted stock units that vest in three annual installments beginning on March 15, 2027, and 69,429 restricted stock units that vest in five annual installments beginning on March 15, 2027. This award also includes 312,432 performance stock units reported at target level performance. The actual number of performance stock units that will vest on March 15, 2029 ranges from 0% to 200% of the reported target performance stock units based on the Company's stock price performance for the final 20 trading days of 2025, compared to the final 60 trading days of 2028.
- [F2]Ownership includes 591,998 shares of previously-granted restricted stock units and performance stock units (reported at target level performance) subject to vesting requirements.
- [F3]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.
Signature
/s/ Christopher A. Koster (executed by attorney-in-fact)|2026-01-28