Cardinal Health's Chief Accounting Officer Sells Shares
Mary C. Scherer, Cardinal Health’s chief accounting officer, sold 2,302 shares on August 19 for $546,500 according to an SEC filing. The transaction occurred at a weighted average price of $237.39 per share, slightly above the closing market price that day ($234.85). Scherer now holds 2,811 shares directly valued at approximately $660,163. This represents a small stake in Cardinal Health (CAH), which reported trailing twelve-month revenue of $254.2 billion and net income of $1.7 billion. The company operates primarily through its Pharmaceutical and Medical segments, providing healthcare services globally with a market capitalization of $55.0 billion as of August 19. Scherer’s sale is part of broader executive activity this week but appears to be smaller in scale compared to others. The firm also recently recognized a one-time tariff-related benefit that boosted its medical segment earnings by $0.31 per share, though ongoing tariffs continue to pose costs.
Tickers: $CAH
Topics: Cardinal Health insider trading