Form 4: Cardinal Health Director, Gregory B. Kenny, Receives Restricted Share Units

Gregory B. Kenny, a director at Cardinal Health Inc., was granted 2,812 restricted share units on November 6, 2024, which will vest on November 6, 2025, or the date of the 2025 Annual Meeting of Shareholders if it occurs earlier.

Summary

• On November 6, 2024, Gregory B. Kenny, a director of Cardinal Health Inc., received 2,812 restricted share units.
• These units will vest on November 6, 2025, unless the 2025 Annual Meeting of Shareholders occurs before November 25, 2025, in which case the vesting date will be the date of the meeting.
• Following this transaction, Kenny directly owns 62,492 common shares of Cardinal Health Inc.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (granting of restricted share units) and doesn't contain any alarming or negative information. It's a neutral event with a slightly positive implication due to aligning director interests with shareholders.

Positives

• The grant of restricted share units aligns the director's interests with those of the shareholders.

Future Outlook

The director's holdings in Cardinal Health Inc. will increase upon vesting of the restricted share units.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The grant of restricted share units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates