Centene (CNC) director Kenneth Tanji receives 3,992 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TANJI KENNETH reported acquisition or exercise transactions in this Form 4 filing.
Centene Corp director Kenneth Tanji reported a stock award of 3,992 shares of common stock. The shares were granted at no cash cost to him as a compensation-related award and increase his direct holdings to 11,909 shares after the transaction.
According to the award terms, the 3,992 shares are in the form of restricted stock units that will vest in full on the earlier of May 12, 2027, or the date of Centene’s next annual meeting of stockholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TANJI KENNETH
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,992 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,909 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock award size: 3,992 shares
Award price per share: $0.00 per share
Holdings after transaction: 11,909 shares
+1 more
4 metrics
Stock award size
3,992 shares
Restricted stock unit grant to director Kenneth Tanji
Award price per share
$0.00 per share
Compensation-related grant, not an open-market purchase
Holdings after transaction
11,909 shares
Total Centene common stock directly held by Tanji after award
Vesting date trigger
May 12, 2027
RSUs vest on this date or earlier at next annual meeting
Key Terms
restricted stock units, vest in full, annual meeting of stockholders, Grant, award, or other acquisition
4 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.
vest in full financial
"restricted stock units which will vest in full on the earlier of May 12, 2027..."
annual meeting of stockholders financial
"the earlier of May 12, 2027, or the date of the Registrant's next annual meeting of stockholders."
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did Centene (CNC) director Kenneth Tanji report in this Form 4 filing?
Director Kenneth Tanji reported receiving 3,992 shares of Centene common stock as a compensatory award. These shares are structured as restricted stock units that vest later, increasing his direct holdings to 11,909 shares after the transaction.
When do Kenneth Tanji’s 3,992 Centene (CNC) restricted stock units vest?
The 3,992 restricted stock units will vest in full on the earlier of May 12, 2027, or the date of Centene’s next annual meeting of stockholders. This creates a clear future vesting event tied to either time or the company’s governance calendar.
What are Kenneth Tanji’s Centene (CNC) holdings after this Form 4 transaction?
After the reported grant, Kenneth Tanji directly holds 11,909 shares of Centene common stock. This total includes the newly awarded 3,992 restricted stock units, which are subject to future vesting based on the specified date or next annual meeting.
Is Kenneth Tanji’s Centene (CNC) stock award an open-market purchase or a grant?
The transaction is a grant or award acquisition, not an open-market purchase. The Form 4 lists transaction code “A” and a price of $0.00 per share, indicating it is a compensation-related award of restricted stock units rather than a market trade.