Cardinal Health CLO Sells 29,436 Shares for $7 Million After PSU Settlement
Updated
Updated · Yahoo Finance · Aug 23
Cardinal Health CLO Sells 29,436 Shares for $7 Million After PSU Settlement
1 articles · Updated · Yahoo Finance · Aug 23
Summary
$7 million of Cardinal Health stock was sold by Chief Legal Officer Jessica L. Mayer on Aug. 18 at a weighted average price of $236.19, according to an SEC Form 4 filing.
29,436 shares were sold across multiple trades ranging from $234.07 to $237.67 after performance share units settled on Aug. 15, leaving Mayer with 33,076 directly held shares worth about $7.77 million.
0.01% is now Mayer's direct ownership stake in the company, whose market capitalization stood at about $55.0 billion as of Aug. 19.
Aug. 18 also saw CFO Aaron Alt sell 42,000 shares and CIO Michelle Greene sell 11,650, suggesting a broader round of routine insider sales tied to the same equity settlement.
Cardinal Health's insider activity comes as investors watch whether January drug-pricing changes and 340B pressures are offset by GLP-1 volume, after management guided for 3% to 5% fiscal 2027 pharma revenue growth.