Burdick Kenneth A 4
4 · CENTENE CORP · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Centene (CNC) Director Kenneth Burdick Sells 80,000 Shares
What Happened
Kenneth A. Burdick, a director of Centene Corporation (CNC), sold 80,000 shares in an open-market disposition on June 10, 2026. The weighted average sale price reported was $64.55 per share, generating roughly $5,164,000 in proceeds. The filing indicates sale prices ranged from $64.55 to $64.61.
Key Details
- Transaction date: 2026-06-10; weighted average price $64.55; reported price range $64.55–$64.61.
- Shares sold: 80,000 — proceeds approximately $5,164,000.
- Shares owned after transaction: not specified in the report; the filing does note ownership includes 3,992 restricted stock units subject to vesting (F2).
- Ownership/beneficial interest: some shares are held by the Burdick Family LLC; Mr. Burdick disclaims beneficial ownership of those securities except to the extent of his pecuniary interest (F3).
- Filing date: 2026-06-11 for a 2026-06-10 transaction — appears to be filed promptly/timely.
- Footnote on pricing: weighted average shown on the form; specific share counts at each trade price available on request (F1).
Context
This was an open-market sale (disposition), not an option exercise or award. Sales by directors can be routine (e.g., portfolio rebalancing, tax/liquidity needs) and do not, by themselves, indicate a change in sentiment about the company. The filing includes both vested/vestable equity (and 3,992 RSUs subject to vesting) and shares owned through a family LLC, which Mr. Burdick notes he does not treat as direct beneficial ownership beyond his pecuniary interest.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-06-10$64.55/sh−80,000$5,164,000→ 197,085.924 total
- 86,498(indirect: By LLC)
Common Stock
[F3]
Footnotes (3)
- [F1]The weighted average price for this transaction is reported within the form. Shares were sold at prices ranging from $64.55 to $64.61. Full information regarding the number of shares at each price is available upon request.
- [F2]Ownership includes 3,992 shares of restricted stock units subject to vesting requirements.
- [F3]Owned by the Burdick Family LLC, of which Mr. Burdick is a chief manager. Mr. Burdick disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.