[Form 4] Cencora, Inc. Insider Trading Activity
Robert P. Mauch, President & CEO and Director of Cencora, Inc. (COR), reported option exercises and open-market sales on 08/18/2025. He exercised 3,225 non-qualified stock options with an exercise price of $86.09 under a grant that vests in four prior annual installments, and those options produced 3,225 shares recorded as acquired. The same day he sold 4,968 shares at $293.53 per share pursuant to a Rule 10b5-1 trading plan adopted 11/15/2024. After these transactions he beneficially owned 40,608 shares and held 22,577 derivative securities (options) reported as direct ownership.
Robert P. Mauch, Presidente e CEO nonch茅 membro del consiglio di amministrazione di Cencora, Inc. (COR), ha segnalato l'esercizio di opzioni e la vendita sul mercato aperto in data 18/08/2025. Ha esercitato 3.225 stock option non qualificate con prezzo di esercizio pari a $86,09 nell'ambito di un grant che matura in quattro rate annuali pregresse, ottenendo cos矛 3.225 azioni registrate come acquisite. Nello stesso giorno ha venduto 4.968 azioni a $293,53 per azione secondo un piano di trading Rule 10b5-1 adottato il 15/11/2024. Dopo queste operazioni deteneva beneficiariamente 40.608 azioni e possedeva 22.577 strumenti derivati (opzioni) riportati come propriet脿 diretta.
Robert P. Mauch, presidente y CEO y miembro del consejo de Cencora, Inc. (COR), inform贸 ejercicios de opciones y ventas en mercado abierto el 18/08/2025. Ejerci贸 3.225 opciones sobre acciones no calificadas con un precio de ejercicio de $86,09 bajo una concesi贸n que vence en cuatro cuotas anuales anteriores, obteniendo 3.225 acciones registradas como adquiridas. Ese mismo d铆a vendi贸 4.968 acciones a $293,53 por acci贸n conforme a un plan de negociaci贸n Rule 10b5-1 adoptado el 15/11/2024. Tras estas transacciones pose铆a beneficiariamente 40.608 acciones y manten铆a 22.577 valores derivados (opciones) reportados como propiedad directa.
搿滊矂韸� P. 氇伂電� Cencora, Inc.(COR)鞚� 須岇灔 瓴� CEO鞚挫瀽 鞚挫偓搿滌劀 2025雲� 8鞗� 18鞚检瀽 鞓奠厴 頄夓偓 氚� 鞛レ櫢 毵る弰 靷嫟鞚� 鞁犼碃頄堨姷雼堧嫟. 攴鸽姅 頄夓偓臧�瓴� $86.09鞚� 牍勳爜瓴� 鞀ろ啞 鞓奠厴 3,225欤茧ゼ 頄夓偓頄堨溂氅�, 頃措嫻 攵�鞐姅 鞚挫爠鞚� 雱� 彀 鞐瓣皠 攵勴暊搿� 靹膘法霅橂姅 臁瓣贝鞚挫棃瓿� 攴� 瓴瓣臣 3,225欤检潣 欤检嫕鞚� 旆摑霅� 瓴冹溂搿� 旮半霅橃棃鞀惦媹雼�. 臧欖潃 雮� 攴鸽姅 2024雲� 11鞗� 15鞚� 毂勴儩霅� Rule 10b5-1 瓯半灅瓿勴殟鞐� 霐半澕 4,968欤茧ゼ 欤茧嫻 $293.53鞐� 毵る弰頄堨姷雼堧嫟. 鞚� 瓯半灅霌� 鞚错泟 攴鸽姅 鞁れ鞝侅溂搿� 40,608欤�毳� 氤挫湢頃橁碃 鞛堨溂氅� 22,577臧滌潣 韺岇儩歃濌秾(鞓奠厴)鞚� 歆侅爲 靻岇湢搿� 氤搓碃頄堨姷雼堧嫟.
Robert P. Mauch, pr茅sident-directeur g茅n茅ral et administrateur de Cencora, Inc. (COR), a d茅clar茅 l'exercice d'options et des ventes sur le march茅 ouvert le 18/08/2025. Il a exerc茅 3 225 options sur actions non qualifi茅es au prix d'exercice de 86,09 $ dans le cadre d'une attribution qui devient acquise en quatre versements annuels ant茅rieurs, g茅n茅rant ainsi 3 225 actions enregistr茅es comme acquises. Le m锚me jour, il a vendu 4 968 actions 脿 293,53 $ par action conform茅ment 脿 un plan de n茅gociation Rule 10b5-1 adopt茅 le 15/11/2024. Apr猫s ces op茅rations, il d茅tenait 脿 titre b茅n茅ficiaire 40 608 actions et d茅tenait 22 577 instruments d茅riv茅s (options) d茅clar茅s comme propri茅t茅 directe.
Robert P. Mauch, Pr盲sident & CEO und Direktor von Cencora, Inc. (COR), meldete Optionsaus眉bungen und Verk盲ufe am Markt am 18.08.2025. Er hat 3.225 nicht qualifizierte Aktienoptionen ausge眉bt mit einem Aus眉bungspreis von $86,09 unter einer Zuteilung, die in vier fr眉heren j盲hrlichen Raten f盲llig wird, wodurch 3.225 Aktien als erworben verbucht wurden. Am selben Tag verkaufte er 4.968 Aktien zu $293,53 je Aktie gem盲脽 einem Rule-10b5-1-Handelsplan, der am 15.11.2024 angenommen wurde. Nach diesen Transaktionen hielt er wirtschaftlich 40.608 Aktien und besa脽 22.577 derivative Wertpapiere (Optionen), die als direkte Beteiligung gemeldet wurden.
- Transactions executed under a Rule 10b5-1 trading plan, which provides an affirmative defense and reduces regulatory ambiguity
- Exercise price of $86.09 vs sale price $293.53 indicates a favorable spread for the reporting person, demonstrating value creation from prior grants
- Filing discloses post-transaction holdings (40,608 shares and 22,577 options), improving transparency for investors
- Insider sale of 4,968 shares could be viewed negatively by some investors, though it was performed under a pre-established plan
- Form does not state the economic proceeds or the percentage of total outstanding shares represented, limiting assessment of market impact
Insights
TL;DR: CEO exercised vested options then sold a portion of shares via a pre-established 10b5-1 plan; transactions appear routine and pre-planned.
The filing shows a standard exercise of vested non-qualified options and contemporaneous sales executed under a Rule 10b5-1 plan adopted on 11/15/2024, which provides the reporter an affirmative defense against insider trading claims. The exercise price ($86.09) is substantially below the sale price ($293.53), indicating a cash-positive outcome for the reporting person but the Form 4 does not state the proceeds or purpose of the sale. Holdings after the transactions are disclosed, improving transparency on insider position.
TL;DR: Compensation-related option exercise followed by sales under a 10b5-1 plan; typical liquidity event for vested equity.
The derivative detail confirms the exercised options were part of a multi-year vesting schedule with prior vesting dates listed. The report clarifies that the sale occurred under an established trading plan, reducing legal/regulatory risk. There is no indication in this filing of unplanned or opportunistic insider activity; however, materiality to shareholders depends on the size of holdings relative to outstanding shares, which is not provided here.
Robert P. Mauch, Presidente e CEO nonch茅 membro del consiglio di amministrazione di Cencora, Inc. (COR), ha segnalato l'esercizio di opzioni e la vendita sul mercato aperto in data 18/08/2025. Ha esercitato 3.225 stock option non qualificate con prezzo di esercizio pari a $86,09 nell'ambito di un grant che matura in quattro rate annuali pregresse, ottenendo cos矛 3.225 azioni registrate come acquisite. Nello stesso giorno ha venduto 4.968 azioni a $293,53 per azione secondo un piano di trading Rule 10b5-1 adottato il 15/11/2024. Dopo queste operazioni deteneva beneficiariamente 40.608 azioni e possedeva 22.577 strumenti derivati (opzioni) riportati come propriet脿 diretta.
Robert P. Mauch, presidente y CEO y miembro del consejo de Cencora, Inc. (COR), inform贸 ejercicios de opciones y ventas en mercado abierto el 18/08/2025. Ejerci贸 3.225 opciones sobre acciones no calificadas con un precio de ejercicio de $86,09 bajo una concesi贸n que vence en cuatro cuotas anuales anteriores, obteniendo 3.225 acciones registradas como adquiridas. Ese mismo d铆a vendi贸 4.968 acciones a $293,53 por acci贸n conforme a un plan de negociaci贸n Rule 10b5-1 adoptado el 15/11/2024. Tras estas transacciones pose铆a beneficiariamente 40.608 acciones y manten铆a 22.577 valores derivados (opciones) reportados como propiedad directa.
搿滊矂韸� P. 氇伂電� Cencora, Inc.(COR)鞚� 須岇灔 瓴� CEO鞚挫瀽 鞚挫偓搿滌劀 2025雲� 8鞗� 18鞚检瀽 鞓奠厴 頄夓偓 氚� 鞛レ櫢 毵る弰 靷嫟鞚� 鞁犼碃頄堨姷雼堧嫟. 攴鸽姅 頄夓偓臧�瓴� $86.09鞚� 牍勳爜瓴� 鞀ろ啞 鞓奠厴 3,225欤茧ゼ 頄夓偓頄堨溂氅�, 頃措嫻 攵�鞐姅 鞚挫爠鞚� 雱� 彀 鞐瓣皠 攵勴暊搿� 靹膘法霅橂姅 臁瓣贝鞚挫棃瓿� 攴� 瓴瓣臣 3,225欤检潣 欤检嫕鞚� 旆摑霅� 瓴冹溂搿� 旮半霅橃棃鞀惦媹雼�. 臧欖潃 雮� 攴鸽姅 2024雲� 11鞗� 15鞚� 毂勴儩霅� Rule 10b5-1 瓯半灅瓿勴殟鞐� 霐半澕 4,968欤茧ゼ 欤茧嫻 $293.53鞐� 毵る弰頄堨姷雼堧嫟. 鞚� 瓯半灅霌� 鞚错泟 攴鸽姅 鞁れ鞝侅溂搿� 40,608欤�毳� 氤挫湢頃橁碃 鞛堨溂氅� 22,577臧滌潣 韺岇儩歃濌秾(鞓奠厴)鞚� 歆侅爲 靻岇湢搿� 氤搓碃頄堨姷雼堧嫟.
Robert P. Mauch, pr茅sident-directeur g茅n茅ral et administrateur de Cencora, Inc. (COR), a d茅clar茅 l'exercice d'options et des ventes sur le march茅 ouvert le 18/08/2025. Il a exerc茅 3 225 options sur actions non qualifi茅es au prix d'exercice de 86,09 $ dans le cadre d'une attribution qui devient acquise en quatre versements annuels ant茅rieurs, g茅n茅rant ainsi 3 225 actions enregistr茅es comme acquises. Le m锚me jour, il a vendu 4 968 actions 脿 293,53 $ par action conform茅ment 脿 un plan de n茅gociation Rule 10b5-1 adopt茅 le 15/11/2024. Apr猫s ces op茅rations, il d茅tenait 脿 titre b茅n茅ficiaire 40 608 actions et d茅tenait 22 577 instruments d茅riv茅s (options) d茅clar茅s comme propri茅t茅 directe.
Robert P. Mauch, Pr盲sident & CEO und Direktor von Cencora, Inc. (COR), meldete Optionsaus眉bungen und Verk盲ufe am Markt am 18.08.2025. Er hat 3.225 nicht qualifizierte Aktienoptionen ausge眉bt mit einem Aus眉bungspreis von $86,09 unter einer Zuteilung, die in vier fr眉heren j盲hrlichen Raten f盲llig wird, wodurch 3.225 Aktien als erworben verbucht wurden. Am selben Tag verkaufte er 4.968 Aktien zu $293,53 je Aktie gem盲脽 einem Rule-10b5-1-Handelsplan, der am 15.11.2024 angenommen wurde. Nach diesen Transaktionen hielt er wirtschaftlich 40.608 Aktien und besa脽 22.577 derivative Wertpapiere (Optionen), die als direkte Beteiligung gemeldet wurden.
FAQ
What did Robert P. Mauch report on Form 4 for Cencora (COR)?
Were the share sales executed under a trading plan for COR insider Robert P. Mauch?
How many shares and options did Mauch own after the transactions?
What is the exercise schedule referenced in the Form 4?
Does the Form 4 indicate any amendment or legal concerns?
