Centene (CNC) COO logs tax-withholding of 483 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Centene Corp Chief Operating Officer Susan Raye Smith reported a tax-related share disposition linked to equity compensation. On this Form 4, 483 shares of Centene common stock were withheld at $65.19 per share to cover taxes upon vesting of a previously reported restricted stock unit grant.
After this tax-withholding disposition, Smith directly owns 212,237 shares of Centene common stock. Her ownership also includes 181,082 shares tied to previously granted restricted stock units and performance stock units, which remain subject to vesting requirements.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SMITH SUSAN RAYE
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 483 | $65.19 | $31K |
Holdings After Transaction:
Common Stock — 212,237 shares (Direct, null)
Footnotes (1)
- Shares withheld for taxes upon vesting of previously-reported grant of restricted stock units. Ownership includes 181,082 shares of previously-granted restricted stock units and performance stock units (reported at target level performance) subject to vesting requirements.
Key Figures
Shares withheld for taxes: 483 shares
Withholding price per share: $65.19 per share
Shares owned after transaction: 212,237 shares
+1 more
4 metrics
Shares withheld for taxes
483 shares
Tax-withholding disposition on common stock
Withholding price per share
$65.19 per share
Value used for tax-withholding shares
Shares owned after transaction
212,237 shares
Direct Centene common stock holdings following Form 4 transaction
RSUs and PSUs held
181,082 shares
Previously granted restricted and performance stock units at target level, subject to vesting
Key Terms
restricted stock units, performance stock units, tax-withholding disposition
3 terms
restricted stock units financial
"Shares withheld for taxes upon vesting of previously-reported grant of restricted stock units."
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.
performance stock units financial
"Ownership includes 181,082 shares of previously-granted restricted stock units and performance stock units (reported at target level performance) subject to vesting requirements."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Centene (CNC) report for Susan Raye Smith?
Centene reported that Chief Operating Officer Susan Raye Smith had 483 shares withheld to cover taxes upon vesting of a previously reported restricted stock unit grant, a routine compensation-related tax-withholding transaction rather than an open-market stock sale.
What additional equity awards in Centene (CNC) does Susan Raye Smith hold?
The filing notes that her ownership includes 181,082 shares tied to previously granted restricted stock units and performance stock units, reported at target-level performance. These awards remain subject to vesting conditions and are part of her long-term incentive compensation.
Was Susan Raye Smith’s Centene (CNC) transaction an open-market sale?
No. The transaction is coded as a tax-withholding disposition, meaning shares were withheld by Centene to cover tax liabilities upon vesting of restricted stock units, rather than being sold by her in the open market.