Centene (CNC) Chief People Officer has 2,785 shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Centene Corp Chief People Officer Tanya M. McNally had 2,785 shares of common stock withheld at $34.45 per share to cover taxes due on the vesting of previously granted restricted stock units. This was an automatic tax-withholding disposition, not an open-market sale.
After this transaction, she directly owns 128,222 shares of Centene common stock. Footnote disclosure states that this ownership figure includes 114,503 shares represented by previously granted restricted stock units and performance stock units, reported at target performance levels and still subject to vesting requirements.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCNALLY TANYA M
Role
Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,785 | $34.45 | $96K |
Holdings After Transaction:
Common Stock — 128,222 shares (Direct)
Footnotes (1)
- Shares withheld for taxes upon vesting of previously-reported grants of restricted stock units. Ownership includes 114,503 shares of previously-granted restricted stock units and performance stock units (reported at target level performance) subject to vesting requirements.
FAQ
What insider transaction did Centene (CNC) report for Tanya M. McNally?
Centene reported that Chief People Officer Tanya M. McNally had 2,785 shares withheld to satisfy tax obligations on vested restricted stock units. This Form 4 reflects a tax-withholding disposition rather than a discretionary open-market purchase or sale of Centene common stock.
Was the Centene (CNC) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 2,785 shares were delivered at $34.45 per share to cover taxes when previously reported restricted stock units vested, as indicated by the F transaction code and the accompanying footnote.
What does the F transaction code mean in the Centene (CNC) Form 4?
The F code indicates payment of a tax liability or exercise price by delivering securities. In this Centene filing, 2,785 shares of common stock were withheld at $34.45 per share to cover taxes triggered by the vesting of restricted stock units previously reported for Tanya M. McNally.
What portion of Tanya M. McNally’s Centene (CNC) holdings are unvested units?
A footnote states that her ownership includes 114,503 shares represented by restricted stock units and performance stock units. These units are reported at target performance and remain subject to vesting requirements, meaning they are not yet fully vested but are counted within her reported ownership.