Form 4: McKesson Corp Executive Rutledge Napoleon B JR Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
SVP, Controller & CAO of McKesson Corp, Rutledge Napoleon B JR, sold 543 shares of common stock at $726.51 per share on May 19, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On May 19, 2025, Rutledge Napoleon B JR, SVP, Controller & CAO of McKesson Corp, sold 543 shares of common stock.
- The sale was executed at a price of $726.51 per share.
- The transaction was conducted under a pre-existing 10b5-1 trading plan established on February 7, 2025.
- Following the transaction, Rutledge Napoleon B JR directly owns 1,972 shares of McKesson Corp common stock.
- Additionally, the reporting person was granted 223 Restricted Stock Units (RSUs) which vest in three equal installments on May 20, 2026, May 20, 2027 and May 20, 2028.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect the executive's current outlook on the company.
Future Outlook
The executive will continue to receive RSUs that vest over the next three years.
Industry Context
Insider transactions are routinely monitored to gauge executive sentiment and potential future performance of the company. Sales under 10b5-1 plans are less indicative of immediate sentiment as they are pre-arranged.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although the 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Date of adoption of the Rule 10b5-1 trading plan |
| 05/19/2025 | Date of transaction (sale of common stock) |
| 05/20/2025 | Date of RSU grant |
| 05/20/2026 | First vesting date for 1/3 of RSUs |
| 05/20/2027 | Second vesting date for 1/3 of RSUs |
| 05/20/2028 | Third vesting date for 1/3 of RSUs |
| 05/21/2025 | Date of Form 4 filing |
Keywords
Form 4, Insider Trading, Stock Sale, McKesson Corp, MCK, Rutledge Napoleon B JR, 10b5-1 plan, Restricted Stock Units, RSUs
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