Form 4: Cardinal Health Executive Reports Stock Transactions
SEC Form 4 Filing
Mary C. Scherer, Chief Accounting Officer of Cardinal Health, reports the acquisition and disposal of company shares to cover tax obligations and vesting of restricted stock units.
Summary
- On August 15, 2024, Mary C. Scherer, Chief Accounting Officer of Cardinal Health, disposed of 2,380 common shares at $106.36 to cover tax obligations related to vesting restricted share units (RSUs) and performance share units.
- On the same day, she acquired 1,668 common shares through the grant of RSUs, with vesting occurring in three equal annual installments starting August 15, 2025.
- On August 16, 2024, she disposed of 249 shares at $107.91 to cover tax obligations related to vesting RSUs.
- Following these transactions, Scherer directly owns 12,256 common shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an officer, which is neither particularly positive nor negative.
Future Outlook
The RSUs granted on August 15, 2024, will vest in three equal annual installments beginning on August 15, 2025.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Disposal of 2,380 common shares and acquisition of 1,668 common shares. |
| 08/15/2025 | First annual installment vesting date for RSUs granted on August 15, 2024. |
| 08/16/2024 | Disposal of 249 common shares. |
| 08/19/2024 | Date of signature for the Form 4 filing. |
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