Cardinal Health's Medical Segment Executive Sells $8 Million in Stock
Stephen M. Mason, CEO of Cardinal Health’s Global Medical Products & Distribution (GMPD) segment, sold 35,000 shares worth approximately $8.3 million on August 18, according to an SEC filing. The transaction reduced his direct holdings from a prior position down to 18,061 remaining shares valued at around $4.24 million as of the market close that day. The stock had delivered a one-year total return of 57% leading up to this sale and closed on August 19 at $234.85 per share after being sold at an average price of $236.40 during the transaction window. Cardinal Health, with a market cap of $55 billion, reported trailing twelve-month revenue of $254.2 billion and net income of $1.7 billion. Mason’s sale is part of a recurring pattern; he has reduced his stake in previous August award cycles as well. The GMPD segment remains under transformation with recent financial performance showing challenges despite the company's overall scale and integrated healthcare infrastructure.
Tickers: $CAH
Topics: executive activity SEC filing stock sale