Form 4: Cardinal Health Executive Jessica L. Mayer Reports Share Transaction

Jessica L. Mayer, Chief Legal/Compliance Officer at Cardinal Health, disposed of 676 common shares to cover tax obligations related to restricted share units.

Summary

• Jessica L. Mayer, Chief Legal/Compliance Officer at Cardinal Health, reported a transaction involving the company's common stock.
• On December 2, 2024, Ms. Mayer disposed of 676 shares at a price of $122.24 per share.
• This transaction was to cover tax withholding obligations related to restricted share units.
• Following the transaction, Ms. Mayer beneficially owns 60,286 shares of Cardinal Health.
• The total number of shares reported as beneficially owned has been adjusted to reflect shares transferred pursuant to a domestic relations order.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of an insider transaction, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical executive compensation practices.
• Similar filings are made by executives at comparable companies such as McKesson and AmerisourceBergen when they transact in their company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive for tax purposes.

Key Dates

Keywords

Cardinal Health, insider trading, Form 4, Jessica L. Mayer, share transaction, stock disposal, restricted share units, tax withholding