SMITH SUSAN RAYE 4

What Happened
Susan R. Smith, Chief Operating Officer of Centene Corporation (CNC), had 2,918 shares withheld to cover tax withholding upon vesting of previously granted restricted stock units. The shares were valued at $34.45 each, for a total withholding of approximately $100,525. This is a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-03-15; Filing date (Form 4): 2026-03-17 (filed within the typical 2-business-day reporting window).
• Withheld: 2,918 shares at $34.45 per share; total value ~$100,525.
• Shares owned after transaction: Reported ownership includes 182,815 previously-granted restricted stock units and performance stock units (reported at target) that remain subject to vesting requirements (see footnote).
• Footnotes: F1 = shares withheld for taxes upon vesting of previously-reported RSUs; F2 = ownership figure includes 182,815 RSUs/PSUs at target.
• Transaction code: F (tax withholding; a disposition of shares to cover tax obligations).

Context
Tax-withholding (code F) is a routine administrative step when RSUs vest: the company retains (or cancels) a portion of vested shares to satisfy tax obligations rather than the insider selling shares on the open market. Such withholdings are common and do not by themselves indicate insider sentiment about the company’s stock.