Centene (CNC) Group President reports 228,127 restricted stock units in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Centene Corporation executive Daniel P. Finke, Group President, Markets & Comm, has filed an initial ownership report showing compensation-based equity holdings in the company. The filing lists 228,127 restricted stock units, which are scheduled to vest in three equal installments on each anniversary of the grant date beginning April 15, 2027. These holdings represent stock-based awards rather than recent open-market share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Finke Daniel P
Role
Group President, Markets&Comm
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 228,127 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock units: 228,127 units
Vesting schedule: Three equal installments
Executive title: Group President, Markets & Comm
3 metrics
Restricted stock units
228,127 units
Equity awards reported as of initial Form 3 filing
Vesting schedule
Three equal installments
On anniversaries of grant date beginning April 15, 2027
Executive title
Group President, Markets & Comm
Role held by Daniel P. Finke at Centene
Key Terms
restricted stock units, vesting, Form 3
3 terms
restricted stock units financial
"Ownership includes 228,127 restricted stock units subject to vesting in three equal installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"subject to vesting in three equal installments on the anniversary of the grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Form 3 regulatory
"initial ownership report showing compensation-based equity holdings in the company"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
FAQ
What does Daniel P. Finke’s Form 3 filing for Centene (CNC) show?
The Form 3 shows Daniel P. Finke’s initial reported ownership in Centene. It lists 228,127 restricted stock units that vest over time as compensation, rather than reflecting any recent stock purchases or sales in the open market.
When do Daniel P. Finke’s Centene (CNC) restricted stock units vest?
The 228,127 restricted stock units vest in three equal installments. Vesting begins on April 15, 2027, with additional installments on each anniversary of the grant date, aligning the compensation with continued service over several years.
Is Daniel P. Finke buying or selling Centene (CNC) stock in this Form 3?
The Form 3 does not report a stock purchase or sale. Instead, it discloses Daniel P. Finke’s existing holdings of 228,127 restricted stock units, which are stock-based compensation that vest over time rather than a recent market transaction.
What role does Daniel P. Finke hold at Centene (CNC) according to the Form 3?
According to the Form 3, Daniel P. Finke serves as Group President, Markets & Comm at Centene. The filing links this executive position with his reported ownership of 228,127 restricted stock units as part of his equity-based compensation package.