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

Michelle D. Greene, Chief Information Officer of Cardinal Health, sold 664 common shares on March 15, 2024, to cover tax obligations related to vesting restricted share units.

Summary

• On March 15, 2024, Michelle D. Greene, Chief Information Officer of Cardinal Health, engaged in a transaction involving the company's common shares.
• Greene disposed of 664 shares to satisfy tax withholding obligations related to the vesting of 1,437 restricted share units.
• The shares were sold at a price of $109.93 per share.
• Following the transaction, Greene directly owns 19,486 common shares of Cardinal Health.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, and it doesn't necessarily indicate a positive or negative sentiment towards the company's future prospects.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates