Form 4: McKesson Corp Executive LeAnn B Smith Reports Stock Transactions

LeAnn B Smith, EVP & Chief HR Officer at McKesson Corp, reports acquisition and disposal of common stock and restricted stock units on May 20, 2025.

Summary

• LeAnn B Smith, an executive at McKesson Corp, filed a Form 4 detailing changes in beneficial ownership.
• On May 20, 2025, Smith acquired 831 shares of common stock through the settlement of performance stock units (PSUs).
• Also on May 20, 2025, Smith disposed of 203 shares of common stock at $719.19 to cover taxes related to the PSU settlement.
• Smith acquired 3,050 shares of common stock through the settlement of performance stock units (PSUs).
• Also on May 20, 2025, Smith disposed of 1,182 shares of common stock at $719.19 to cover taxes related to the PSU settlement.
• Additionally, Smith acquired 1,391 Restricted Stock Units (RSUs) that will vest in three equal installments on May 20, 2026, May 20, 2027, and May 20, 2028.
• Following these transactions, Smith directly owns 3,547 shares of McKesson Corp common stock and 1,391 RSUs.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard executive compensation practices; neither particularly positive nor negative.

Future Outlook

The executive's future stock ownership will be affected by the vesting of the RSUs over the next three years, starting May 20, 2026.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests. These filings are common across all publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, stock options, restricted stock units (RSUs), and performance-based incentives (PSUs).
• The vesting schedules for RSUs, such as the 1/3 vesting annually over three years, are standard practice.
• Tax withholding through share disposal is a common method for executives to manage tax obligations related to equity compensation.
• Companies like UnitedHealth Group (UNH) and CVS Health (CVS), which are also major players in the healthcare industry, have similar executive compensation structures that include stock-based awards.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation.
• The vesting of RSUs may incentivize the executive to focus on long-term company performance.

Key Dates

Keywords

Form 4, McKesson Corp, LeAnn B Smith, stock transactions, PSU, RSU, beneficial ownership, executive compensation