BLUME JESSICA L. 4
Research Summary
AI-generated summary
Centene Director Jessica Blume Receives 3,992 RSUs
What Happened
- Jessica L. Blume, a director of Centene Corporation (CNC), was granted 3,992 restricted stock units (RSUs) on May 12, 2026. The Form 4 shows the acquisition as 3,992 shares at $0.00 (award), i.e., no cash purchase price reported.
Key Details
- Transaction type/code: Award/Grant (A) recorded on 2026-05-12; filed 2026-05-13 (timely).
- Shares/units granted: 3,992 RSUs; price shown: $0.00 (award).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1: The 3,992 RSUs vest in full on the earlier of May 12, 2027 or the registrant’s next annual meeting of stockholders.
- F2: The award is owned by a revocable family trust of which Ms. Blume is the sole trustee.
- Filing timeliness: The report was filed the day after the transaction date (appears timely); no late filing indicated.
Context
- RSU grants are compensation awards, not open-market purchases or sales. They do not require an immediate cash outlay and only convert to shares (and become tradable) upon vesting per the stated schedule.
- Such awards are common for directors as part of compensation; they should be viewed as compensation rather than a direct bullish purchase by the insider.