Form 4: Cardinal Health CEO Jason Hollar Disposes Shares for Tax Obligations
Insider Transaction Report
Cardinal Health CEO Jason M. Hollar disposed of 5,821 common shares to cover tax withholding obligations related to performance share units.
Summary
- Jason M. Hollar, Chief Executive Officer of Cardinal Health Inc. (CAH), disposed of 5,821 common shares on June 30, 2025.
- The disposition was identified with transaction code 'F', indicating shares were withheld to satisfy tax withholding obligations in connection with the deferred settlement of performance share units.
- The price per share for the disposed shares was $167.18, which reflects the closing price on the prior business day.
- Following this transaction, Mr. Hollar directly beneficially owns 191,815 common shares.
- Mr. Hollar executed a Limited Power of Attorney on April 23, 2025, appointing several individuals, including James E. Barnett (who signed the Form 4), to act as his attorneys-in-fact for SEC reporting purposes, including filing Forms 3, 4, 5, and 144.
Sentiment
Score: 5
Explanation: The transaction is a routine, non-discretionary disposition of shares for tax purposes, which is a common occurrence for executives receiving equity compensation. It does not reflect a change in investment sentiment or operational performance.
Future Outlook
N/A
Industry Context
N/A
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Jason M. Hollar granted a Limited Power of Attorney to several individuals to prepare, execute, and file SEC Forms 3, 4, 5, and 144 on his behalf, streamlining his personal SEC reporting compliance. | April 23, 2025 | Enhances efficiency and ensures timely compliance with SEC reporting requirements for the executive. |
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a market sale.
Key Dates
| Date | Description |
|---|---|
| April 23, 2025 | Limited Power of Attorney executed by Jason M. Hollar. |
| June 30, 2025 | Date of common share disposition by Jason M. Hollar for tax withholding. |
| June 23, 2028 | Expiration date of the Notary Public commission for Julie Gilbert, who notarized the Limited Power of Attorney. |
Keywords
Cardinal Health, CAH, Jason M. Hollar, Form 4, SEC filing, insider transaction, share disposition, tax withholding, performance share units, CEO
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