CENTENE CORP·4

Mar 17, 5:43 PM ET

KOSTER CHRISTOPHER 4

Research Summary

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Centene (CNC) General Counsel Christopher Koster Sells Shares

What Happened
Christopher Koster, Centene's Secretary & General Counsel, had 9,087 shares disposed on March 15, 2026 to cover tax withholding tied to vested restricted stock units (RSUs). The shares were valued at $34.45 each for a total of $313,047. This was a tax-withholding disposition (transaction code F), not an open-market sale of newly purchased shares.

Key Details

  • Transaction date: 2026-03-15; filing date: 2026-03-17 (Form 4 filed timely).
  • Disposition: 9,087 shares withheld for taxes at $34.45 per share; total value ~$313,047.
  • Shares owned after transaction: filing notes ownership includes 229,874 shares represented by previously-granted RSUs and PSUs (reported at target); the filing does not list a separate total common-share count.
  • Notable footnotes:
    • F1: Shares were withheld specifically to satisfy tax obligations on vested RSUs.
    • F2: Ownership figure includes 229,874 previously-granted RSUs/PSUs (PSUs shown at target).
    • F3–F5: Additional disclosures about a 2021 performance stock option (price/vesting conditions) and phantom stock rights (cash/non-company security settlement, no formal expiration).
  • Transaction type: F = tax withholding (routine disposition), not an indication of a market-view change.

Context
Tax-withholding disposals on RSU vesting are common and typically routine administrative events rather than insider-driven sales indicating a view on the company's stock. This was a cashless-type settlement by withholding shares to cover taxes; no open-market sale details are provided. The filing also notes other equity interests (PSUs, RSUs, a performance option, and phantom stock), which affect Mr. Koster’s overall economic exposure but do not change the routine nature of this tax-related disposition.