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

Jessica L. Mayer, Chief Legal/Compliance Officer at Cardinal Health, sold 5,186 shares to cover tax obligations related to vesting restricted stock units.

Summary

• Jessica L. Mayer, Chief Legal/Compliance Officer at Cardinal Health, sold 5,186 common shares on November 15, 2024.
• The sale was executed to cover tax withholding obligations associated with the vesting of 11,561 restricted share units.
• The shares were sold at a price of $121.29 per share.
• Following the transaction, Ms. Mayer directly owns 70,785 common shares of Cardinal Health.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no significant positive or negative implications.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly listed companies.
• Similar transactions are regularly reported by executives at companies like McKesson and AmerisourceBergen, which are also in the healthcare distribution industry.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Cardinal Health, insider trading, stock sale, tax obligations, restricted stock units, executive compensation, Form 4, Jessica L. Mayer