BROWN C DAVID II 4

What Happened David C. Brown II, a director of CVS Health Corp (CVS), was granted 1,544 shares on 2026-05-14 at $97.15 per share, with a total value of approximately $150,000. The transaction is reported as an award/acquisition (code A) — common stock issued as compensation rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-05-14, 1,544 shares @ $97.15 each.
• Total value: roughly $150,000.
• Shares owned after transaction: Not stated in the Form 4 provided.
• Footnote: Shares were issued in payment of a semi-annual retainer at market price pursuant to the 2017 Incentive Compensation Plan.
• Timeliness: Filed 2026-05-15 for the 2026-05-14 transaction (appears timely).

Context This was a compensation issuance to a board member (retainer paid in stock), which is routine for directors and not the same signal as a personal open-market purchase or sale. Such awards are common and primarily reflect pay-setting practices rather than a direct indicator of the director’s view on the stock.