Form 4: Cardinal Health Chief Legal Officer Disposes of Shares for Tax Obligations
Insider Transaction Report
Jessica L. Mayer, Chief Legal/Compliance Officer of Cardinal Health Inc., disposed of 5,176 common shares valued at $167.18 per share to cover tax withholding obligations related to deferred performance share units.
Summary
- Jessica L. Mayer, Chief Legal/Compliance Officer of Cardinal Health Inc. (CAH), reported a transaction on June 30, 2025.
- The transaction involved the disposition of 5,176 common shares.
- The shares were disposed of at a price of $167.18 per share, which reflects the closing price on the prior business day.
- This disposition was specifically for satisfying tax withholding obligations related to the deferred settlement of performance share units.
- Following this transaction, Jessica L. Mayer directly beneficially owns 55,110 common shares of Cardinal Health Inc.
- A Limited Power of Attorney, executed on April 24, 2025, authorizes specific individuals, including James E. Barnett, to file SEC reports on behalf of Jessica L. Mayer.
Sentiment
Score: 5
Explanation: The transaction is a routine tax-related disposition of shares by an insider, which is neutral in terms of company performance or outlook.
Future Outlook
NA
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, specifically a share disposition for tax purposes. Such transactions are common for executives receiving equity compensation and do not typically reflect broader industry trends or strategic shifts within the healthcare distribution sector where Cardinal Health operates.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Jessica L. Mayer granted a Limited Power of Attorney to several individuals, including James E. Barnett, Laura C. Dhaliwal, Amanda Pashi, Julie Gilbert, and any duly appointed Corporate Secretary of Cardinal Health, Inc., to prepare, execute, and file SEC Forms 3, 4, 5, and 144 on her behalf. | 2025-04-24 | This delegation streamlines the process for insider trading compliance filings, ensuring timely and accurate reporting for the Chief Legal/Compliance Officer. |
Stakeholder Impact
- Minimal direct impact on shareholders as this is a routine tax-related transaction by an executive, not indicative of a change in company fundamentals or strategy.
- No direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2025-04-24 | Limited Power of Attorney executed by Jessica L. Mayer. |
| 2025-06-30 | Date of share disposition transaction by Jessica L. Mayer. |
Keywords
Cardinal Health, CAH, Jessica L. Mayer, Form 4, Insider Transaction, Share Disposition, Tax Withholding, Performance Share Units, Chief Legal Officer, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.