James E. Murray - Mar 15, 2023 Form 4 Insider Report for CENTENE CORP (CNC)

Role
EVP, Chief Operating Officer
Signature
/s/ Christopher A. Koster (executed by attorney-in-fact)
Stock symbol
CNC
Transactions as of
Mar 15, 2023
Transactions value $
$4,222,265
Form type
4
Date filed
3/17/2023, 08:02 PM
Previous filing
Mar 6, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNC Common Stock Tax liability -$29.5K -466 -0.34% $63.34 136K Mar 15, 2023 Direct F1
transaction CNC Common Stock Award $4.25M +67.1K +49.43% $63.34 203K Mar 15, 2023 Direct F2
holding CNC Common Stock 30 Mar 15, 2023 By trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CNC Phantom Stock Award $1.73K +27.4 +23.21% $63.19 145 Mar 17, 2023 Phantom Stock 27.4 $0.00 Direct F3, F4, F5
holding CNC Common Stock Option (right to buy) 30.7K Mar 15, 2023 Common Stock 30.7K $63.31 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld for taxes upon vesting of previously reported stock grant.
F2 Ownership includes this award of 67,099 restricted stock units. 43,615 units are performance stock units. The number of performance stock units vesting at the end of the three year period is predicated on meeting three-year performance conditions. The remaining 23,484 units will vest in three annual installments on the anniversary of the grant date. In addition, ownership includes 99,577 shares of restricted stock units subject to vesting requirements.
F3 Each share of phantom stock represents the right to receive the fair market value of one share of Centene common stock.
F4 The phantom stock was acquired by Mr. Murray through regularly scheduled payroll contributions to the Company's deferred compensation plan.
F5 The phantom stock has no formal expiration date. The phantom stock will be settled in cash or other non-Company securities upon Mr. Murray's termination with the Company or on such other date Mr. Murray may elect.