Cardinal Health CAO Mary Scherer Receives RSU Award; Tax Withholding

What Happened Mary C. Scherer, Chief Accounting Officer of Cardinal Health (CAH), was granted 765 restricted share units (RSUs) on 2026-08-15 (acquired at $0.00) and, on the same date, had 1,757 shares disposed/withheld at $235.17 per share to satisfy tax withholding obligations, generating proceeds/value of $413,194. The award is a grant of RSUs; the share disposition reflects tax withholding rather than an open-market directional sale.

Key Details

• Transaction date: August 15, 2026 (reported on Form 4 filed Aug 18, 2026).
• Grant: 765 RSUs granted (reported as acquired at $0.00).
• Tax withholding/disposition: 1,757 shares disposed at $235.17 per share = $413,194.
• Footnotes of note:
  • F1: The RSU grant vests in three equal annual installments beginning Aug 15, 2027.
  • F2: The withheld shares satisfy tax withholding for vesting of 1,449 RSUs and 2,610 performance share units (PSUs).
  • F3: $235.17 reflects the prior business day's closing price.
• Shares owned following the reported transactions: not specified in the filing.
• Filing timing: Form filed Aug 18, 2026 reporting Aug 15 transactions (no late-filing flag indicated in the filing).

Context

• The 1,757-share disposition was for tax withholding (routine) tied to vesting of equity awards, not necessarily an intentional market sale for investment reasons.
• The new 765 RSUs will vest over time (three annual installments starting Aug 15, 2027), so their economic benefit is realized in future vesting periods.