Cardinal Health CEO Stephen M. Mason Receives RSU Award, Withholds Shares

What Happened

• Stephen M. Mason, CEO of Cardinal Health (GMPD segment), was granted 5,868 restricted share units (RSUs) on 2026-08-15 and, on the same date, had 25,289 existing shares disposed (withheld) to satisfy tax withholding obligations. The withheld shares were recorded at $235.17 per share for a total value of $5,947,214.

Key Details

• Transaction dates: 2026-08-15 (reported in Form 4 filed 2026-08-18; appears timely within the usual two-business-day window).
• Grant: 5,868 RSUs (code A) granted at $0.00 (typical for RSU awards).
• Withholding: 25,289 shares withheld/disposed (code F) at $235.17/share = $5,947,214. The $235.17 price reflects the prior business day closing price (footnote F3).
• Footnotes: F1 — RSUs vest in three equal annual installments starting 2027-08-15. F2 — the withholding covers tax obligations related to vesting of 10,966 RSUs and 46,992 performance share units (PSUs). F3 — price basis is prior business day close.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.

Context

• This appears to be a routine, compensation-related transaction: new RSUs were granted and existing shares were surrendered/withheld to cover tax obligations on vested RSUs/PSUs (a common practice, not an open-market sale). The withholding reduces the net shares received from the awards rather than indicating a voluntary market sale.