SMITH SUSAN RAYE 4

What Happened

• Susan R. Smith, Chief Operating Officer of Centene Corporation (CNC), received an award of 112,823 shares on January 26, 2026. The Form 4 records this as an award/grant (transaction code A) with an acquisition price of $0.00 (reported value $0 on the form). This was a compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-26; Form filed: 2026-01-28 (filed within the standard 2-business-day Form 4 window).
• Grant composition: 45,129 restricted stock units (RSUs) and 67,694 performance stock units (PSUs) reported at target.
• Vesting: RSUs vest in three annual installments beginning March 15, 2027. PSUs vest March 15, 2029 and will range from 0% to 200% of target based on Centene’s stock-price performance (final 20 trading days of 2025 vs final 60 trading days of 2028).
• Ownership reported: Filing notes ownership includes 90,117 previously-granted RSUs/PSUs (reported at target); the Form does not state a total post-grant share count beyond that note.
• Transaction type: A = Award/Grant (compensation), not a market buy/sell or option exercise.

Context

• This is a standard executive compensation grant. PSUs are performance-contingent: actual shares received will depend on specified stock-performance comparisons over the stated measurement periods.
• Awards reported at $0 on Form 4 reflect grant accounting on the form; they do not represent cash paid by the insider or an open-market purchase.