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CENTENE CORP·4

Jan 28, 6:59 PM ET

LONDON SARAH 4

Research Summary

AI-generated summary

Updated

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.