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

Ola M. Snow, Chief Human Resources Officer at Cardinal Health, sold 355 shares to cover tax obligations related to restricted share units.

Summary

• Ola M. Snow, Chief Human Resources Officer of Cardinal Health, sold 355 common shares on December 2, 2024.
• The sale was executed to cover tax withholding obligations related to restricted share units.
• The shares were sold at a price of $122.24 per share.
• Following the transaction, Ms. Snow directly owns 27,161 common shares and indirectly owns 142 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

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 other large healthcare companies such as McKesson and AmerisourceBergen.

Stakeholder Impact

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

Key Dates

Keywords

Cardinal Health, insider trading, Form 4, share sale, executive, tax obligations, restricted share units, Ola M. Snow, CAH