Centene (CNC) director Coughlin reports 562-share grant and trust holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Centene director Christopher J. Coughlin reported updated equity holdings, including a new share award. He received a grant of 562 shares of Centene common stock at no cost, classified as a grant or award acquisition and held directly, bringing his direct holdings to 18,710.926 shares.
Coughlin also reports 30,054 shares of common stock held indirectly through a grantor retained annuity trust for the benefit of himself and his adult children, where he serves as sole trustee. Footnotes state his ownership includes 3,992 restricted stock units that are subject to vesting requirements.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
COUGHLIN CHRISTOPHER J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 562 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 18,710.926 shares (Direct, null);
Common Stock — 30,054 shares (Indirect, By Grantor Retained Annuity Trust)
Footnotes (1)
- Ownership includes 3,992 shares of restricted stock units subject to vesting requirements. Owned by a grantor retained annuity trust for the benefit of Mr. Coughlin and his adult children, of which Mr. Coughlin is the sole trustee.
Key Figures
Share grant: 562 shares
Direct holdings after grant: 18,710.926 shares
Indirect trust holdings: 30,054 shares
+2 more
5 metrics
Share grant
562 shares
Common stock grant or award acquisition at $0.00 per share
Direct holdings after grant
18,710.926 shares
Centene common stock held directly by Coughlin following grant
Indirect trust holdings
30,054 shares
Common stock held by grantor retained annuity trust
Restricted stock units
3,992 units
RSUs included in ownership, subject to vesting requirements
Net buy/sell shares
0 shares
transactionSummary netBuySellShares shows neutral net trading activity
Key Terms
Grant, award, or other acquisition, Grantor Retained Annuity Trust, restricted stock units, indirect ownership
4 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Grantor Retained Annuity Trust financial
"nature_of_ownership: By Grantor Retained Annuity Trust"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
restricted stock units financial
"Ownership includes 3,992 shares of restricted stock units subject to vesting requirements."
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.
indirect ownership financial
"ownership_type: indirect; nature_of_ownership: By Grantor Retained Annuity Trust"
FAQ
What did Centene (CNC) director Christopher J. Coughlin report in this Form 4?
Christopher J. Coughlin reported an updated ownership position in Centene common stock. The filing shows a new grant of 562 shares and discloses both his direct holdings and additional shares held indirectly through a grantor retained annuity trust.
Was the Centene (CNC) Form 4 transaction an open-market buy or sell?
No open-market buy or sell is reported. The filing shows a grant or award acquisition of 562 shares at $0.00 per share, which is a compensation-related issuance rather than a market trade, plus a separate holding entry for shares held through a trust.