HEALY PATRICK J 4
Research Summary
AI-generated summary
Medline (MDLN) Director Patrick Healy Receives 577,510 Shares
What Happened
Patrick J. Healy, a director of Medline Inc. (MDLN), was the recipient of two acquisitions reported as "other acquisition or disposition (J)" on 2026-03-10: 507,844 shares and 69,666 shares of Medline Class A common stock (total 577,510 shares). The transactions list no purchase price (N/A) and are described in the filing as distributions in kind from entities in which Healy and a family trust had indirect interests.
Key Details
- Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (timely filing).
- Reported quantities: 507,844 shares (F1) and 69,666 shares (F2/F3) — total 577,510 shares. Price per share: N/A; total dollar value: not stated.
- Shares owned after transaction: not specified in the provided filing summary.
- Footnotes:
- F1: These shares represent a distribution in kind of Class A shares previously held directly by certain HFCP funds, related to the Reporting Person's and a family trust's indirect interests.
- F2 / F3: Certain shares are held indirectly through family trusts; Healy disclaims beneficial ownership except to the extent of his pecuniary interest.
- Transaction code J indicates an "other acquisition" (here, a distribution in kind), not an open-market purchase or sale.
Context
Distributions in kind (as reported here) typically reflect transfers from fund or partnership holdings to individual or related accounts and are not the same as buying shares on the open market — they don't necessarily signal new personal buying or selling activity. The reported beneficial ownership via trusts means some shares are held indirectly and Healy disclaims direct beneficial ownership except for any pecuniary interest disclosed.