Form 4: McKesson Corp Executive Rutledge Napoleon B JR Reports Stock Transactions
SEC Form 4 Filing
SVP, Controller & CAO of McKesson Corp, Rutledge Napoleon B JR, reports acquisition and disposal of company stock and restricted stock units.
Summary
- On May 21, 2024, Rutledge Napoleon B JR, SVP, Controller & CAO of McKesson Corp, reported transactions involving McKesson common stock and Restricted Stock Units (RSUs).
- Rutledge acquired 1,546 shares of common stock upon the settlement of performance stock units (PSUs) at a price of $0.
- 535 shares were disposed of to cover taxes applicable to the PSU settlement at a price of $552.39.
- Following these transactions, Rutledge directly owns 1,898 shares of McKesson common stock.
- Additionally, 272 Restricted Stock Units (RSUs) were acquired which vest in three equal installments on 5/21/2025, 5/21/2026 and 5/21/2027.
- Following the transaction, Rutledge directly owns 272 RSUs.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing represents routine transactions related to executive compensation and tax obligations. There are no indications of unusual or concerning activity.
Positives
- The acquisition of 1,546 shares through PSU settlement indicates achievement of performance goals.
Negatives
- The disposal of 535 shares to cover taxes reduces the executive's holdings.
Future Outlook
The reported RSUs will vest over the next three years, incentivizing continued performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the actions of company executives.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of earliest transaction: Acquisition and disposal of common stock, and acquisition of RSUs. |
| 05/21/2025 | First vesting date for 1/3 of the acquired RSUs. |
| 05/21/2026 | Second vesting date for 1/3 of the acquired RSUs. |
| 05/21/2027 | Final vesting date for 1/3 of the acquired RSUs. |
| 05/23/2024 | Date of Form 4 signature. |
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