Centene (CNC) director Coughlin awarded 3,992 RSUs and updates share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COUGHLIN CHRISTOPHER J reported acquisition or exercise transactions in this Form 4 filing.
Centene director Christopher J. Coughlin reported a new equity award and updated his holdings in Centene Corp. He received a grant of 3,992 shares of restricted stock units, which will vest in full on the earlier of May 12, 2027, or the date of Centene’s next annual stockholder meeting. Following this award, Coughlin directly holds 18,148.926 shares of Centene common stock. In addition, a grantor retained annuity trust for the benefit of Coughlin and his adult children holds 30,054 shares, which he reports as indirect ownership as sole trustee.
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 | 3,992 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 18,148.926 shares (Direct, null);
Common Stock — 30,054 shares (Indirect, By Grantor Retained Annuity Trust)
Footnotes (1)
- 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. 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
RSU award: 3,992 shares
Direct holdings after award: 18,148.926 shares
Indirect trust holdings: 30,054 shares
+1 more
4 metrics
RSU award
3,992 shares
Restricted stock units granted to director on May 12, 2026
Direct holdings after award
18,148.926 shares
Centene common stock directly owned by Coughlin after transaction
Indirect trust holdings
30,054 shares
Held by grantor retained annuity trust for Coughlin and adult children
Vesting date
May 12, 2027
RSUs vest on this date or at next annual stockholder meeting, whichever is earlier
Key Terms
restricted stock units, Grantor Retained Annuity Trust, grant, award, or other acquisition, indirect ownership
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.
Grantor Retained Annuity Trust financial
"Owned by a grantor retained annuity trust for the benefit of Mr. Coughlin..."
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.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
indirect ownership financial
"ownership_type": "indirect""
FAQ
What insider transaction did Centene (CNC) director Christopher Coughlin report?
Christopher J. Coughlin reported an equity compensation award of 3,992 restricted stock units in Centene common stock. This is a non-cash grant classified as an acquisition under code A, reflecting routine director compensation rather than an open-market stock purchase or sale.
When do Christopher Coughlin’s new Centene (CNC) restricted stock units vest?
The 3,992 restricted stock units awarded to Christopher Coughlin vest in full on the earlier of May 12, 2027, or the date of Centene’s next annual meeting of stockholders. This single-vesting date structure ties the award to the company’s board service cycle.
What is the indirect Centene (CNC) ownership reported by Christopher Coughlin?
A grantor retained annuity trust for the benefit of Christopher Coughlin and his adult children holds 30,054 Centene common shares. Coughlin is the sole trustee and reports these as indirectly owned, distinguishing them from his directly held Centene share position.
Was Christopher Coughlin’s Centene (CNC) Form 4 a stock purchase or sale?
The Form 4 does not report an open-market purchase or sale. It shows a grant of 3,992 restricted stock units as compensation and an updated indirect holding entry for 30,054 shares in a grantor retained annuity trust, with no reported market transaction price.
What does transaction code A mean in Christopher Coughlin’s Centene (CNC) filing?
Transaction code A in the filing indicates a grant, award, or other acquisition rather than a market trade. For Christopher Coughlin, it represents 3,992 restricted stock units of Centene common stock received as an equity compensation award for his director role.