Centene (CNC) director receives 465-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Centene Corporation director Theodore R. Samuels II received a grant of 465 shares of common stock at no cost as a stock award. After this acquisition, he directly holds 25,212.979 common shares and indirectly holds 32,000 shares through a revocable family trust, which includes 3,992 restricted stock units that vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Samuels Theodore R. II
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 465 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 25,212.979 shares (Direct, null);
Common Stock — 32,000 shares (Indirect, By family trust)
Footnotes (1)
- Ownership includes 3,992 shares of restricted stock units subject to vesting requirements. Owned by a revocable family trust, of which Mr. Samuels serves as a co-trustee.
Key Figures
Stock award: 465 shares
Award price: $0.0000 per share
Direct holdings after grant: 25,212.979 shares
+2 more
5 metrics
Stock award
465 shares
Common Stock grant with code A at $0.0000 per share
Award price
$0.0000 per share
Price per share for 465-share grant
Direct holdings after grant
25,212.979 shares
Common Stock directly owned after acquisition
Indirect trust holdings
32,000 shares
Common Stock held by revocable family trust
Restricted stock units
3,992 units
RSUs included in ownership, subject to vesting
Key Terms
restricted stock units, revocable family trust, indirect ownership
3 terms
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.
revocable family trust financial
"Owned by a revocable family trust, of which Mr. Samuels serves as a co-trustee."
indirect ownership financial
"total_shares_following_transaction: 32000.0000, direct_or_indirect: I, ownership_type: indirect"
FAQ
What insider transaction did Centene (CNC) director Theodore R. Samuels II report?
He reported receiving a grant of 465 Centene common shares at no cost. This was recorded as an award-type acquisition, not an open-market purchase, and increased his direct ownership in the company.
What indirect Centene (CNC) holdings does Theodore R. Samuels II have?
He indirectly holds 32,000 Centene common shares through a revocable family trust. He serves as a co-trustee of this trust, which gives him an indirect ownership interest in those shares.
Are restricted stock units included in Theodore R. Samuels II’s Centene (CNC) holdings?
Yes. His reported ownership includes 3,992 restricted stock units. These units are subject to vesting requirements, meaning they convert into shares only if specified service or time-based conditions are satisfied.