8-KOther Events

Cencora, Inc. 8-K Report, Corporate Update (Sep 19, 2016)

Filed September 19, 2016For Securities:COR

Summary

This 8-K filing from Cencora, Inc. (then AmerisourceBergen Corporation) announces the adoption of a pre-arranged Rule 10b5-1 trading plan by its Chairman, President, and CEO, Steven H. Collis. The plan allows Mr. Collis to sell up to 180,000 shares of common stock, acquired through the exercise of stock options set to expire in February 2018. This plan is designed to facilitate orderly stock sales while adhering to insider trading regulations, as it was established during an open window period and outside of possessing material non-public information. Investors should note that the plan is scheduled to run until September 2017 and that the sales will occur at prevailing market prices, subject to certain thresholds. Importantly, Mr. Collis is expected to remain in compliance with the company's executive stock ownership guidelines, with no material change anticipated in his overall ownership position. All transactions will be publicly disclosed via Form 4 filings.

Key Highlights

  • 1CEO Steven H. Collis adopted a Rule 10b5-1 trading plan.
  • 2The plan allows for the potential sale of up to 180,000 shares of common stock.
  • 3These shares are to be acquired through the exercise of stock options expiring in February 2018.
  • 4The trading plan is designed to comply with Rule 10b5-1 and insider trading policies.
  • 5The plan was established during an open window period, ensuring no possession of material non-public information.
  • 6Sales will occur on the open market at prevailing prices, subject to minimum price thresholds.
  • 7Mr. Collis is expected to maintain compliance with executive stock ownership guidelines.

Frequently Asked Questions

A Rule 10b5-1 trading plan is a written document that allows corporate insiders, such as executives, to buy or sell company stock at a predetermined time and price. It provides an affirmative defense against accusations of insider trading by ensuring trades are executed when the insider does not possess material non-public information.

The CEO, Steven H. Collis, can sell up to an aggregate of 180,000 shares of common stock under this plan.

According to the filing, Mr. Collis does not expect the plan to materially change his ownership position, and he will continue to be subject to the company's executive stock ownership guidelines.

Transactions made under this Rule 10b5-1 plan will be publicly disclosed by the company through Form 4 filings with the Securities and Exchange Commission.