Cardinal Health CEO Sells Nearly 125,000 Shares Worth $29.4 Million in Two Days
Jason M. Hollar, the Chief Executive Officer of Cardinal Health (NYSE:CAH), sold nearly 125,000 shares for approximately $29.4 million on August 18 and 19, according to an SEC Form 4 filing. The transactions occurred at prices ranging from $232.75 to $238.07 per share. After the sale, Hollar retained a direct ownership stake of 190,603 shares, representing about 0.0814% of Cardinal Health's market capitalization. Cardinal Health operates as one of the largest global healthcare services providers with two core divisions: Pharmaceutical and Medical. The company reported trailing twelve-month revenue of $254.2 billion and net income of $1.7 billion, reflecting strong financial performance despite ongoing challenges in its medical products segment.
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