Form 4: Cardinal Health Executive Deborah Weitzman Sells Shares to Cover Tax Obligations

Deborah Weitzman, CEO of the PSS Segment at Cardinal Health, sold 632 shares to cover tax obligations related to restricted share units.

Summary

• Deborah Weitzman, a key executive at Cardinal Health, sold 632 common shares on December 2, 2024.
• The sale was executed at a price of $122.24 per share.
• This transaction was to cover tax withholding obligations related to restricted share units.
• Following the transaction, Weitzman directly owns 49,129 common shares of Cardinal Health.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's overall performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation, and it is common for them to sell shares to cover tax liabilities.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across publicly traded companies.
• The number of shares sold is relatively small compared to the total holdings of the executive, which is typical for these types of transactions.
• Similar transactions are regularly reported by executives at comparable companies in the healthcare sector.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Cardinal Health, Deborah Weitzman, share sale, insider trading, tax obligations, restricted stock units, executive compensation