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

Mary C. Scherer, Chief Accounting Officer at Cardinal Health, sold 90 shares to cover tax obligations related to restricted share units.

Summary

• Mary C. Scherer, the Chief Accounting Officer of Cardinal Health, sold 90 common shares on December 2, 2024.
• The sale was executed 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. Scherer directly owns 8,662 common shares of Cardinal Health.

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

• Similar transactions are common across publicly traded companies where executives receive stock-based compensation.
• The sale of shares to cover tax obligations is a standard practice and does not indicate any unusual activity compared to other companies.

Stakeholder Impact

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

Key Dates

Keywords

Cardinal Health, insider trading, Form 4, share sale, executive, tax obligations, restricted share units, Mary C. Scherer, Chief Accounting Officer