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STOCK TITAN

[Form 4] Cencora, Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Cencora, Inc. (COR) � Form 4 insider activity dated 18 June 2025

President & CEO Robert P. Mauch reported two simultaneous transactions: (1) the exercise of 3,225 non-qualified stock options at an exercise price of $86.09 (code M) and (2) the open-market sale of 4,969 common shares at an average price of $295.30 (code S) pursuant to a pre-arranged Rule 10b5-1 plan adopted on 15 Nov 2024.

After the transactions, Mauch’s direct ownership declined from 49,063 to 44,094 shares, a net reduction of 1,744 shares (� 3.6 % of his post-transaction stake and � 10 % of the shares he previously held). He retains 29,027 vested options expiring 13 Nov 2026.

  • The option exercise converted derivative holdings into common stock, locking in a spread of roughly $209.21 per share between the sale price and strike price.
  • The sale represents a cash realization of � $1.47 million before taxes and fees.
  • The transaction was executed under a 10b5-1 plan, which generally reduces concerns about opportunistic timing.

No company operational metrics, earnings data, or strategic announcements are included in this filing; its relevance is limited to insider-ownership trends.

Cencora, Inc. (COR) � Attività insider Form 4 datata 18 giugno 2025

Il Presidente e CEO Robert P. Mauch ha riportato due operazioni simultanee: (1) l’esercizio di 3.225 stock option non qualificate a un prezzo di esercizio di 86,09 $ (codice M) e (2) la vendita sul mercato aperto di 4.969 azioni ordinarie a un prezzo medio di 295,30 $ (codice S) in base a un piano predefinito Rule 10b5-1 adottato il 15 novembre 2024.

Dopo le transazioni, la proprietà diretta di Mauch è scesa da 49.063 a 44.094 azioni, con una riduzione netta di 1.744 azioni (circa il 3,6% della sua partecipazione post-transazione e circa il 10% delle azioni precedentemente detenute). Egli mantiene 29.027 opzioni maturate con scadenza il 13 novembre 2026.

  • L’esercizio delle opzioni ha convertito le partecipazioni derivanti in azioni ordinarie, bloccando un guadagno di circa 209,21 $ per azione tra prezzo di vendita e prezzo di esercizio.
  • La vendita rappresenta un incasso in contanti di circa 1,47 milioni di dollari prima di tasse e commissioni.
  • La transazione è stata eseguita nell’ambito di un piano 10b5-1, che generalmente riduce i timori di tempistiche opportunistiche.

Non sono inclusi in questo deposito dati operativi aziendali, dati sugli utili o annunci strategici; la rilevanza è limitata alle tendenze di proprietà insider.

Cencora, Inc. (COR) � Actividad insider Formulario 4 fechada el 18 de junio de 2025

El Presidente y CEO Robert P. Mauch reportó dos transacciones simultáneas: (1) el ejercicio de 3,225 opciones sobre acciones no calificadas a un precio de ejercicio de $86.09 (código M) y (2) la venta en mercado abierto de 4,969 acciones comunes a un precio promedio de $295.30 (código S) conforme a un plan preestablecido Rule 10b5-1 adoptado el 15 de noviembre de 2024.

Tras las transacciones, la propiedad directa de Mauch disminuyó de 49,063 a 44,094 acciones, una reducción neta de 1,744 acciones (aproximadamente 3.6% de su participación post-transacción y aproximadamente 10% de las acciones que poseía anteriormente). Él retiene 29,027 opciones adquiridas con vencimiento el 13 de noviembre de 2026.

  • El ejercicio de opciones convirtió tenencias derivadas en acciones comunes, asegurando una diferencia de aproximadamente $209.21 por acción entre el precio de venta y el precio de ejercicio.
  • La venta representa una realización en efectivo de aproximadamente $1.47 millones antes de impuestos y comisiones.
  • La transacción se ejecutó bajo un plan 10b5-1, que generalmente reduce preocupaciones sobre el momento oportunista.

No se incluyen métricas operativas de la empresa, datos de ganancias o anuncios estratégicos en esta presentación; su relevancia se limita a las tendencias de propiedad insider.

Cencora, Inc. (COR) � 2025� 6� 18일자 Form 4 내부� 거래 내역

사장 � CEO 로버� P. 마우치는 � 가지 동시 거래� 보고했습니다: (1) 3,225개의 비자� 스톡옵션 행사 행사갶격은 $86.09 (코드 M), (2) 2024� 11� 15� 채택� 사전 설정 Rule 10b5-1 계획� 따라 4,969� 보통� 공개시장 매도 평균 가격은 $295.30 (코드 S)입니�.

거래 � 마우치의 직접 소유 주식은 49,063주에� 44,094�� 감소했으�, 순감소는 1,744�(거래 � 지분의 � 3.6%, 이전 보유 주식� � 10%)입니�. 그는 2026� 11� 13� 만료되는 29,027개의 행사 가능한 옵션� 보유하고 있습니다.

  • 옵션 행사� 파생 보유� 보통주로 전환하여 매도 가격과 행사가� � � 주당 $209.21� 차익� 확보했습니다.
  • 매도� 세금 � 수수� � � 147� 달러� 현금 실현� 의미합니�.
  • 거래� 10b5-1 계획 하에 실행되어 기회주의� 타이밍� 대� 우려� 줄입니다.

� 보고서에� 회사� 운영 지�, 수익 데이� 또는 전략� 발표가 포함되어 있지 않으�, 관련성은 내부� 소유 동향� 한정됩니�.

Cencora, Inc. (COR) � Activité d'initié Formulaire 4 datée du 18 juin 2025

Le Président & CEO Robert P. Mauch a déclaré deux opérations simultanées : (1) l’exercice de 3 225 options d’achat d’actions non qualifiées à un prix d’exercice de 86,09 $ (code M) et (2) la vente sur le marché libre de 4 969 actions ordinaires à un prix moyen de 295,30 $ (code S) conformément à un plan préétabli Rule 10b5-1 adopté le 15 novembre 2024.

Après ces transactions, la détention directe de Mauch est passée de 49 063 à 44 094 actions, soit une réduction nette de 1 744 actions (environ 3,6 % de sa participation post-transaction et environ 10 % des actions qu’il détenait auparavant). Il conserve 29 027 options acquises expirant le 13 novembre 2026.

  • L’exercice des options a converti des avoirs dérivés en actions ordinaires, verrouillant une marge d’environ 209,21 $ par action entre le prix de vente et le prix d’exercice.
  • La vente représente une réalisation en espèces d’environ 1,47 million de dollars avant impôts et frais.
  • La transaction a été effectuée dans le cadre d’un plan 10b5-1, ce qui réduit généralement les préoccupations liées à un timing opportuniste.

Aucune donnée opérationnelle, résultat financier ou annonce stratégique n’est incluse dans ce dépôt ; sa pertinence se limite aux tendances de détention des initiés.

Cencora, Inc. (COR) � Insider-Aktivität Form 4 vom 18. Juni 2025

Präsident & CEO Robert P. Mauch meldete zwei gleichzeitige Transaktionen: (1) die Ausübung von 3.225 nicht qualifizierten Aktienoptionen zu einem Ausübungspreis von 86,09 $ (Code M) und (2) den Verkauf von 4.969 Stammaktien am offenen Markt zu einem durchschnittlichen Preis von 295,30 $ (Code S) gemäß einem vorab festgelegten Rule 10b5-1-Plan vom 15. November 2024.

Nach den Transaktionen sank Mauchs Direktbesitz von 49.063 auf 44.094 Aktien, eine Nettoverminderung um 1.744 Aktien (etwa 3,6 % seines Anteils nach der Transaktion und etwa 10 % der zuvor gehaltenen Aktien). Er behält 29.027 ausgeübte Optionen mit Ablaufdatum 13. November 2026.

  • Die Ausübung der Optionen wandelte derivative Bestände in Stammaktien um und sicherte eine Marge von etwa 209,21 $ pro Aktie zwischen Verkaufspreis und Ausübungspreis.
  • Der Verkauf stellt eine Barauszahlung von etwa 1,47 Millionen Dollar vor Steuern und Gebühren dar.
  • Die Transaktion wurde im Rahmen eines 10b5-1-Plans ausgeführt, der in der Regel Bedenken hinsichtlich opportunistischer Zeitpunkte mindert.

Das Dokument enthält keine operativen Unternehmenskennzahlen, Gewinnzahlen oder strategische Ankündigungen; seine Relevanz beschränkt sich auf Insider-Besitztrends.

Positive
  • Option exercise at $86.09 converts 3,225 options into stock, signaling continued insider equity participation.
  • 10b5-1 trading plan disclosure reduces risk of opportunistic timing concerns and increases governance transparency.
Negative
  • CEO sold 4,969 shares at $295.30, reducing direct ownership by ~10 % and signaling limited profit-taking.
  • Net share decrease of 1,744 shares indicates the executive’s exposure to common stock edged lower despite option exercise.

Insights

TL;DR: Routine 10b5-1 sale; modest ownership cut, neutral governance signal.

From a governance standpoint, the CEO’s sale is mitigated by disclosure of a pre-planned 10b5-1 program. Although 4,969 shares were disposed, the executive still controls 44,094 shares plus 29,027 options, preserving clear alignment with shareholders. The exercise of options indicates that the awards were already fully vested, limiting incentive dilution. Net share reduction (�3.6 % of holding) is modest and unlikely to change voting power or insider-sentiment interpretations materially. I view the filing as routine and neutral.

TL;DR: Slightly bearish optics—CEO converts options then sells more shares than gained.

The combined exercise-and-sale structure generated roughly $1.47 million in gross proceeds and reduced share exposure by 1,744 shares. Although covered by a 10b5-1 plan, the CEO parted with more shares than he acquired, suggesting mild profit-taking near all-time highs (~$295). Insider sales can pressure sentiment, especially when involving the top executive, but the scale (<0.03 % of COR float) is immaterial to supply-demand dynamics. Overall impact on valuation models and liquidity is negligible; nonetheless, I flag a slight negative tone for momentum traders.

Cencora, Inc. (COR) � Attività insider Form 4 datata 18 giugno 2025

Il Presidente e CEO Robert P. Mauch ha riportato due operazioni simultanee: (1) l’esercizio di 3.225 stock option non qualificate a un prezzo di esercizio di 86,09 $ (codice M) e (2) la vendita sul mercato aperto di 4.969 azioni ordinarie a un prezzo medio di 295,30 $ (codice S) in base a un piano predefinito Rule 10b5-1 adottato il 15 novembre 2024.

Dopo le transazioni, la proprietà diretta di Mauch è scesa da 49.063 a 44.094 azioni, con una riduzione netta di 1.744 azioni (circa il 3,6% della sua partecipazione post-transazione e circa il 10% delle azioni precedentemente detenute). Egli mantiene 29.027 opzioni maturate con scadenza il 13 novembre 2026.

  • L’esercizio delle opzioni ha convertito le partecipazioni derivanti in azioni ordinarie, bloccando un guadagno di circa 209,21 $ per azione tra prezzo di vendita e prezzo di esercizio.
  • La vendita rappresenta un incasso in contanti di circa 1,47 milioni di dollari prima di tasse e commissioni.
  • La transazione è stata eseguita nell’ambito di un piano 10b5-1, che generalmente riduce i timori di tempistiche opportunistiche.

Non sono inclusi in questo deposito dati operativi aziendali, dati sugli utili o annunci strategici; la rilevanza è limitata alle tendenze di proprietà insider.

Cencora, Inc. (COR) � Actividad insider Formulario 4 fechada el 18 de junio de 2025

El Presidente y CEO Robert P. Mauch reportó dos transacciones simultáneas: (1) el ejercicio de 3,225 opciones sobre acciones no calificadas a un precio de ejercicio de $86.09 (código M) y (2) la venta en mercado abierto de 4,969 acciones comunes a un precio promedio de $295.30 (código S) conforme a un plan preestablecido Rule 10b5-1 adoptado el 15 de noviembre de 2024.

Tras las transacciones, la propiedad directa de Mauch disminuyó de 49,063 a 44,094 acciones, una reducción neta de 1,744 acciones (aproximadamente 3.6% de su participación post-transacción y aproximadamente 10% de las acciones que poseía anteriormente). Él retiene 29,027 opciones adquiridas con vencimiento el 13 de noviembre de 2026.

  • El ejercicio de opciones convirtió tenencias derivadas en acciones comunes, asegurando una diferencia de aproximadamente $209.21 por acción entre el precio de venta y el precio de ejercicio.
  • La venta representa una realización en efectivo de aproximadamente $1.47 millones antes de impuestos y comisiones.
  • La transacción se ejecutó bajo un plan 10b5-1, que generalmente reduce preocupaciones sobre el momento oportunista.

No se incluyen métricas operativas de la empresa, datos de ganancias o anuncios estratégicos en esta presentación; su relevancia se limita a las tendencias de propiedad insider.

Cencora, Inc. (COR) � 2025� 6� 18일자 Form 4 내부� 거래 내역

사장 � CEO 로버� P. 마우치는 � 가지 동시 거래� 보고했습니다: (1) 3,225개의 비자� 스톡옵션 행사 행사갶격은 $86.09 (코드 M), (2) 2024� 11� 15� 채택� 사전 설정 Rule 10b5-1 계획� 따라 4,969� 보통� 공개시장 매도 평균 가격은 $295.30 (코드 S)입니�.

거래 � 마우치의 직접 소유 주식은 49,063주에� 44,094�� 감소했으�, 순감소는 1,744�(거래 � 지분의 � 3.6%, 이전 보유 주식� � 10%)입니�. 그는 2026� 11� 13� 만료되는 29,027개의 행사 가능한 옵션� 보유하고 있습니다.

  • 옵션 행사� 파생 보유� 보통주로 전환하여 매도 가격과 행사가� � � 주당 $209.21� 차익� 확보했습니다.
  • 매도� 세금 � 수수� � � 147� 달러� 현금 실현� 의미합니�.
  • 거래� 10b5-1 계획 하에 실행되어 기회주의� 타이밍� 대� 우려� 줄입니다.

� 보고서에� 회사� 운영 지�, 수익 데이� 또는 전략� 발표가 포함되어 있지 않으�, 관련성은 내부� 소유 동향� 한정됩니�.

Cencora, Inc. (COR) � Activité d'initié Formulaire 4 datée du 18 juin 2025

Le Président & CEO Robert P. Mauch a déclaré deux opérations simultanées : (1) l’exercice de 3 225 options d’achat d’actions non qualifiées à un prix d’exercice de 86,09 $ (code M) et (2) la vente sur le marché libre de 4 969 actions ordinaires à un prix moyen de 295,30 $ (code S) conformément à un plan préétabli Rule 10b5-1 adopté le 15 novembre 2024.

Après ces transactions, la détention directe de Mauch est passée de 49 063 à 44 094 actions, soit une réduction nette de 1 744 actions (environ 3,6 % de sa participation post-transaction et environ 10 % des actions qu’il détenait auparavant). Il conserve 29 027 options acquises expirant le 13 novembre 2026.

  • L’exercice des options a converti des avoirs dérivés en actions ordinaires, verrouillant une marge d’environ 209,21 $ par action entre le prix de vente et le prix d’exercice.
  • La vente représente une réalisation en espèces d’environ 1,47 million de dollars avant impôts et frais.
  • La transaction a été effectuée dans le cadre d’un plan 10b5-1, ce qui réduit généralement les préoccupations liées à un timing opportuniste.

Aucune donnée opérationnelle, résultat financier ou annonce stratégique n’est incluse dans ce dépôt ; sa pertinence se limite aux tendances de détention des initiés.

Cencora, Inc. (COR) � Insider-Aktivität Form 4 vom 18. Juni 2025

Präsident & CEO Robert P. Mauch meldete zwei gleichzeitige Transaktionen: (1) die Ausübung von 3.225 nicht qualifizierten Aktienoptionen zu einem Ausübungspreis von 86,09 $ (Code M) und (2) den Verkauf von 4.969 Stammaktien am offenen Markt zu einem durchschnittlichen Preis von 295,30 $ (Code S) gemäß einem vorab festgelegten Rule 10b5-1-Plan vom 15. November 2024.

Nach den Transaktionen sank Mauchs Direktbesitz von 49.063 auf 44.094 Aktien, eine Nettoverminderung um 1.744 Aktien (etwa 3,6 % seines Anteils nach der Transaktion und etwa 10 % der zuvor gehaltenen Aktien). Er behält 29.027 ausgeübte Optionen mit Ablaufdatum 13. November 2026.

  • Die Ausübung der Optionen wandelte derivative Bestände in Stammaktien um und sicherte eine Marge von etwa 209,21 $ pro Aktie zwischen Verkaufspreis und Ausübungspreis.
  • Der Verkauf stellt eine Barauszahlung von etwa 1,47 Millionen Dollar vor Steuern und Gebühren dar.
  • Die Transaktion wurde im Rahmen eines 10b5-1-Plans ausgeführt, der in der Regel Bedenken hinsichtlich opportunistischer Zeitpunkte mindert.

Das Dokument enthält keine operativen Unternehmenskennzahlen, Gewinnzahlen oder strategische Ankündigungen; seine Relevanz beschränkt sich auf Insider-Besitztrends.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Mauch Robert P.

(Last) (First) (Middle)
1 WEST FIRST AVENUE

(Street)
CONSHOHOCKEN PA 19428

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Cencora, Inc. [ COR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/18/2025 M 3,225 A $86.09 49,063 D
Common Stock 06/18/2025 S 4,969(1) D $295.3 44,094 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-qualified Stock Option (Right to Buy) $86.09 06/18/2025 M 3,225 (2) 11/13/2026 Common Stock 3,225 $0 29,027 D
Explanation of Responses:
1. The sale of stock reflected in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 11/15/24.
2. Exercisable in four equal installments on 11/13/20, 11/13/21, 11/13/22 and 11/13/23.
Remarks:
/s/ Elizabeth S. Campbell, attorney-in-fact for Robert P. Mauch 06/20/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Cencora (COR) shares did the CEO sell on 18-Jun-2025?

4,969 common shares were sold at an average price of $295.30.

What was the exercise price of the options converted by Cencora’s CEO?

The non-qualified stock options were exercised at $86.09 per share.

Does Robert P. Mauch still hold Cencora shares after the transaction?

Yes. He now directly owns 44,094 common shares plus 29,027 options expiring in 2026.

Was the sale made under a Rule 10b5-1 plan?

Yes, the filing states the sale occurred under a 10b5-1 plan adopted on 15-Nov-2024.

What percentage of the CEO’s holdings was sold?

Approximately 10 % of his pre-transaction common-share holdings were sold.
Cencora Inc.

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57.48B
183.55M
6.85%
92.69%
3.58%
Medical Distribution
Wholesale-drugs, Proprietaries & Druggists' Sundries
United States
CONSHOHOCKEN