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Michael Neidorff, born on December 30, 1953, led Centene Corporation as CEO from 2005 until his passing in April 2022. Under his leadership, Centene grew significantly within the healthcare market, reaching nearly $3 billion in revenue during his tenure. Notably,...

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Michael Neidorff

Ex-CEO of Centene

Education

Not specified

Field of Expertise

Healthcare & Life Sciences - Healthcare

Sector of Economy

Healthcare

Born

December 30, 1953 - 71 years ago

CEO of Centene for

16 years 10 months (May 2005 - Mar 2022)

Previous Experience

Chairman and CEO of Centene Corporation since 2005

Holdings

See how much did Michael Neidorff make over time.

At one time, Michael Neidorff's stock holdings in Centene reached an impressive $449 million in late 2019, showcasing his strong belief in the company's success. This moment marked the peak of his wealth in stock during his leadership. His holdings...

Mar 18, 2025

Total Stock Sold

$57.91M

CNC

$57.91M

2,020,518 CNC shares

What if they kept their stock?

If Michael Neidorff didn't sell their stock, today they would have:
Extra CNC2,020,518 shares worth $130.55M.
This is 125.45% and $72.64M more than what they got when they sold the stock.

Charitable Transactions

CNC

1,541,869 shares

CNC

Recent Charitable Transactions

CNC

123,057 shares

CNC

Dec 31, 2021

Charity

CNC

39,485 shares

CNC

Nov 1, 2021

Charity

CNC

95,298 shares

CNC

Apr 5, 2021

Charity

CNC

45,000 shares

CNC

Dec 31, 2020

Charity

CNC

101,555 shares

CNC

Dec 10, 2020

Charity

CNC

85,000 shares

CNC

Apr 30, 2020

Charity

Insider Trading

See recent insider trades of Michael Neidorff.

CNC

123,057 shares

CNC

Dec 31, 2021

Charity

CNC

$17.10M

CNC at $74.13/share

Dec 15, 2021

Received

CNC

$3.99M

CNC at $79.74/share

Nov 1, 2021

Sale

CNC

39,485 shares

CNC

Nov 1, 2021

Charity

CNC

$1.40M

CNC at $70.09/share

Apr 5, 2021

Sale

CNC

95,298 shares

CNC

Apr 5, 2021

Charity

CNC

45,000 shares

CNC

Dec 31, 2020

Charity

CNC

$19.46M

CNC at $55.08/share

Dec 15, 2020

Received

CNC

101,555 shares

CNC

Dec 10, 2020

Charity

CNC

101,555 shares

CNC

Dec 10, 2020

Charity

Compensation History

See how much did Michael Neidorff make over time.

Michael Neidorff earned a total compensation of $6.1 million in 2022, largely attributed to a death benefit payment of over $5 million for long-term incentives after his passing. His compensation in previous years indicated a strong alignment with company performance. In 2021, he received a whopping $20.6 million, which included bonuses tied to specific performance metrics, showing his substantial impact on the business. His approach to compensation emphasized linking pay to how well the company performed financially, especially focused on measures like adjusted diluted earnings per share. This philosophy helped Centene grow rapidly while rewarding top executives for their contributions to the company’s strategies.

Year

2022

Total Compensation

$7.62M

Salary

$546.92K

Board Justification

The compensation philosophy emphasizes alignment with performance and shareholder value, with a focus on attracting and retaining top executive talent.

Bonus

$1.50M

Board Justification

Pro-rated bonus of approximately $1.5 million in accordance with the death and disability terms of his employment agreement.

Other

$5.58M

Board Justification

Includes death benefit payment of $5.4 million representing unpaid long-term incentive compensation to which his estate became entitled pursuant to his employment agreement.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2022 as all stock awards were distributed to his estate following his death.

Performance Metrics

Performance metrics included Adjusted Diluted EPS and individual performance goals.

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