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Centene Executive Compensation (FY25)

CNC · Executive and director compensation, fiscal 2022 to 2025

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Data as of September 7, 2026Latest filing (8-K): May 15, 2026
11 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Centene brief$1,500Get the executive brief
353 figures on this page: 346 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Sarah London
Latest say-on-pay support
=
May 12, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Sarah London: $20,602,148 → $19,506,298 (5.3% lower)
Say-on-pay support: 88.8% → 91.6% (2.8 points higher)
CEO pay ratio: 224:1 → 206:1 (8.0% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Centene's chief executive and what were they paid?
Sarah London was paid $19,506,298 in total compensation as Chief Executive Officer for fiscal 2025. London's total moved 5.3% lower from the $20,602,148 reported for fiscal 2024.
What was Centene's say-on-pay result?
Shareholders supported the say-on-pay proposal with 91.6% of votes cast for or against in favor at the meeting held May 12, 2026 for fiscal 2025.
Which companies are in Centene's peer group?
Companies named in the disclosed peer group include Cardinal Health, Inc., Cencora, Cigna Corporation, CVS Health Corporation and Elevance Health, Inc., among others.
What is Centene's chief executive pay ratio?
The company reported a chief executive pay ratio of 206:1 for fiscal 2025, against median employee compensation of $94,800.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sarah London
Chief Executive Officer
◇—◇—◇—◇◇
Kenneth Fasola
Former President/Strategic Advisor
◇—◇—◇◇◇— not reconciled
Andrew Asher
Chief Financial Officer
◇—◇—◇—◇◇
Michael Neidorff
Former Chairman and Chief Executive Officer
Departed during or after this year
◇———◇—◇◇
Brent Layton
Senior Advisor to the Chief Executive Officer
◇—◇—◇—◇◇
James Murray
Executive Vice President, Chief Operating Officer
◇—◇—◇—◇◇
David Thomas
Chief Executive Officer of Markets and Medicaid
◇—◇—◇—◇◇
Christopher Koster
Secretary and General Counsel
◇———◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sarah London
Chief Executive Officer
◇—◇—◇—◇◇
Kenneth Fasola
Former President/Strategic Advisor
◇◇◇—◇—◇◇
Andrew Asher
Chief Financial Officer
◇—◇—◇—◇◇
James Murray
Executive Vice President (Former Chief Operating Officer)
Departed during or after this year
◇—◇—◇—◇◇
David Thomas
Chief Executive Officer of Markets and Medicaid
◇—◇—◇—◇◇
Christopher Koster
Secretary and General Counsel
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sarah London
Chief Executive Officer
◇—◇—◇—◇◇
Andrew Asher
Chief Financial Officer
◇—◇—◇—◇◇
Kenneth Fasola
Former President/Strategic Advisor
Departed during or after this year
◇—◇—◇—◇◇
Christopher Koster
Secretary and General Counsel
◇—◇—◇—◇◇
Susan Smith
Chief Operating Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sarah London
Chief Executive Officer
◇—◇—◇—◇◇
Andrew Asher
Chief Financial Officer
◇—◇—◇—◇◇
Christopher Koster
Secretary and General Counsel
◇—◇—◇—◇◇
Susan Smith
Chief Operating Officer
◇—◇—◇—◇◇
Tanya McNally
Chief People Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Andrew AsherRSU◇——◇——◇
Andrew AsherPSU◇—◇◇——◇
Andrew AsherPSU◇—◇◇——◇
Andrew AsherEQUITY◇——◇———
Andrew AsherPSU◇—◇◇——◇
Andrew AsherPSU◇—◇◇——◇
Andrew AsherPSU◇—◇◇——◇
Andrew AsherPSU◇—◇◇——◇
Christopher KosterEQUITY◇——◇———
Christopher KosterPSU◇—◇◇——◇
Christopher KosterRSU◇——◇——◇
Christopher KosterPSU◇—◇◇——◇
Christopher KosterPSU◇—◇◇——◇
Sarah LondonEQUITY◇——◇———
Sarah LondonPSU◇—◇◇——◇
Sarah LondonRSU◇——◇——◇
Sarah LondonPSU◇—◇◇——◇
Sarah LondonPSU◇—◇◇——◇
Susan SmithPSU◇—◇◇——◇
Susan SmithPSU◇—◇◇——◇
Susan SmithPSU◇—◇◇——◇
Susan SmithRSU◇——◇——◇
Susan SmithEQUITY◇——◇———
Tanya McNallyRSU◇——◇——◇
Tanya McNallyPSU◇—◇◇——◇
Tanya McNallyPSU◇—◇◇——◇
Tanya McNallyPSU◇—◇◇——◇
Tanya McNallyEQUITY◇——◇———
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Tanya McNallyPSU◇◇——
RSU◇◇——
Sarah LondonRSU◇◇——
PSU◇◇——
Christopher KosterRSU◇◇——
PSU◇◇——
Andrew AsherRSU◇◇——
PSU◇◇——
RSU◇◇——
Susan SmithPSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Andrew Asher
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Christopher Koster
Secretary and General Counsel · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Sarah London
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Susan Smith
Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Tanya McNally
Chief People Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Frederick H. Eppinger
Board chair
◇◇———◇◇
Kenneth A. Burdick
◇◇———◇◇
Christopher J. Coughlin
◇◇———◇◇
Theodore R. Samuels
◇◇———◇◇
Kenneth Y. Tanji
◇◇———◇◇
Wayne S. DeVeydt
◇◇————◇
Jessica L. Blume
◇◇———◇◇
H. James Dallas
◇◇———◇◇
Monte E. Ford
◇◇———◇◇
Thomas R. Greco
◇◇————◇
Lori J. Robinson
◇—————◇
Sarah M. London served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 7.5x annual cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Cardinal Health, Inc. CAH
  • Cencora COR
  • Cigna Corporation CI
  • CVS Health Corporation CVS
  • Elevance Health, Inc. ELV
  • HCA Healthcare, Inc. HCA
  • Humana, Inc. HUM
  • McKesson Corporation MCK
  • MetLife, Inc. MET
  • Molina Healthcare, Inc. MOH
  • Prudential Financial, Inc. PRU
  • UnitedHealth Group, Inc. UNH
  • Walgreens Boots Alliance, Inc. WBA

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 12, 2026=◇◇◇
2024May 13, 2025=◇◇◇
2023May 14, 2024=◇◇◇
2022May 10, 2023=◇◇◇
2021April 26, 2022=◇◇◇
2020April 27, 2021=◇◇◇
2019April 28, 2020=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Centene disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Centene sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
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Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
353 figures on this page: 346 cited to the filing that reported them, 7 calculated from figures it prints.
346 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001071739-26-000117
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001071739-26-000077
    Compensation Discussion and Analysis · Compensation of Directors · Director Compensation Table · Grants of Plan-Based Awards · and 4 more sections
  3. 0001071739-25-000094
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001071739-25-000063
    Summary Compensation Table
  5. 0001071739-24-000104
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001071739-24-000069
    Summary Compensation Table
  7. 0001071739-23-000148
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001071739-23-000075
    Executive Compensation Tables · Summary Compensation Table
  9. 0001071739-22-000180
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001071739-21-000121
  11. 0001071739-20-000146
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Centene executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CNC (accessed 2026).
Short form: data: Velarion

The Centene brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Centene discloses

The companies named in CNC's own disclosed peer group.

Cardinal Health, Inc.CencoraCigna CorporationCVS Health CorporationElevance Health, Inc.HCA Healthcare, Inc.Humana, Inc.McKesson CorporationMetLife, Inc.Molina Healthcare, Inc.Prudential Financial, Inc.UnitedHealth Group, Inc.Walgreens Boots Alliance, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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