Centene director awarded 3,992 restricted stock units
Burdick Kenneth A reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Burdick Kenneth A reported acquisition or exercise transactions in this Form 4 filing.
Centene Corp director Kenneth A. Burdick received an equity award of 3,992 shares of common stock in the form of restricted stock units at no cash cost. These units vest in full on the earlier of May 12, 2027, or the date of Centene’s next annual meeting of stockholders. Following this grant, Burdick holds 277,085.924 shares of Centene common stock directly. An additional 86,498 shares are held indirectly by the Burdick Family LLC, for which he disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 3,992 shares
Grant/Award
2 txns
Insider
Burdick Kenneth A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,992 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 277,085.924 shares (Direct);
Common Stock — 86,498 shares (Indirect, By Burdick Family LLC)
Footnotes (2)
- F1. This award includes 3,992 shares of restricted stock units which will vest in full on the earlier of May 12, 2027, or the date of the Registrant's next annual meeting of stockholders.
- F2. 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.
Key Figures
RSU grant size: 3,992 shares
Grant price: $0.0000 per share
Vesting date: May 12, 2027
+2 more
5 metrics
RSU grant size
3,992 shares
Restricted stock units granted to Kenneth A. Burdick
Grant price
$0.0000 per share
Price per share for the RSU award
Vesting date
May 12, 2027
Latest possible full-vesting date for RSUs
Direct holdings after grant
277,085.924 shares
Centene common stock held directly by Burdick
Indirect LLC holdings
86,498 shares
Shares owned by Burdick Family LLC
Key Terms
restricted stock units, annual meeting of stockholders, Burdick Family LLC, pecuniary interest, +2 more
6 terms
restricted stock units financial
"This award includes 3,992 shares of restricted stock units which will vest in full..."
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.
annual meeting of stockholders financial
"will vest in full on the earlier of May 12, 2027, or the date of the Registrant's next annual meeting of stockholders."
Burdick Family LLC financial
"Owned by the Burdick Family LLC, of which Mr. Burdick is a chief manager."
pecuniary interest financial
"Mr. Burdick disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein..."
beneficial ownership financial
"this report shall not be deemed to be an admission that the reporting person is the beneficial owner of the securities..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended..."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Centene (CNC) director Kenneth A. Burdick report in this Form 4?
Kenneth A. Burdick reported receiving 3,992 Centene common shares as restricted stock units. The award was granted at no cash cost and increased his directly held Centene shares to 277,085.924, with additional shares held indirectly through the Burdick Family LLC.
When do Kenneth A. Burdick’s new Centene (CNC) restricted stock units vest?
The 3,992 restricted stock units granted to Kenneth A. Burdick vest in full on the earlier of May 12, 2027, or the date of Centene’s next annual meeting of stockholders, providing a time-based vesting schedule tied to board service.
How are the indirect Centene (CNC) holdings of Kenneth A. Burdick structured?
The Form 4 states that 86,498 Centene shares are owned by the Burdick Family LLC, where Mr. Burdick is a chief manager. He disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in the LLC.
Was Kenneth A. Burdick’s Centene (CNC) equity grant an open-market transaction?
No, the filing describes the 3,992 Centene shares as a grant or award of restricted stock units at a price of $0.0000 per share. This indicates a compensation-related equity award, not a market purchase or sale of existing shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
