Form 4: Cardinal Health Director Azelby Receives Restricted Share Units

Robert Azelby, a director at Cardinal Health, acquired 1,730 common shares in the form of restricted share units on November 6, 2024.

Summary

• On November 6, 2024, Robert Azelby, a director of Cardinal Health Inc., acquired 1,730 common shares in the form of restricted share units.
• These restricted share units were granted at a price of $0 per share.
• The restricted share units will vest on November 6, 2025, unless the 2025 Annual Meeting of Shareholders occurs before that date, in which case they will vest on the meeting date.
• Following the transaction, Azelby directly owns 3,018 common shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of restricted share units to a director is a common practice and generally viewed as a positive sign, indicating confidence in the company's future.

Positives

• The acquisition of restricted share units by a director signals confidence in the company's future performance.

Future Outlook

The vesting of the restricted share units is contingent on continued service until November 6, 2025, or the date of the 2025 Annual Meeting of Shareholders if it occurs earlier.

Industry Context

Director share acquisitions are common in publicly traded companies as part of executive compensation packages, aligning management's interests with those of shareholders.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates