Mauch Robert P. 4

What Happened

• Robert P. Mauch, President & CEO and director of Cencora, exercised 3,762 stock options at $86.09 each (cost $323,871) on 2026-02-20 and sold 3,762 shares in an open-market transaction at $358.94 each for proceeds of $1,350,332. The Form 4 also shows a derivative-coded disposal of 3,762 shares at $0.00 on the same date.

Key Details

• Transaction date: 2026-02-20 (reported on Form 4 filed 2026-02-24; filing appears timely).
• Exercise: 3,762 shares @ $86.09 = $323,871.
• Sale: 3,762 shares @ $358.94 = $1,350,332 (open-market sale).
• Derivative disposal: 3,762 shares @ $0.00 shown separately (often used to record shares surrendered to cover exercise costs or tax withholding).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote F1: options were exercisable in four equal installments on 11/13/20, 11/13/21, 11/13/22 and 11/13/23 (indicating the options were vested).

Context

• The same-day exercise (M) and sale (S) typically indicate a cashless exercise with immediate sale of the acquired shares; the zero-dollar derivative entry commonly reflects surrendered shares for taxes or to cover option costs. This filing documents a routine insider sale following an option exercise rather than an open-market purchase.