Cardinal Health's CIO Sells Shares; Assessing Impact on Long-Term Investors
Michelle D. Greene, the Chief Information Officer of Cardinal Health (CAH), sold 11,650 shares worth $2.7 million in a recent transaction reported via an SEC Form 4 filing dated August 18. The sale reduced her direct holdings to 10,330 shares valued at approximately $2.43 million as of the market close on that day. Greene's share reduction is notable given Cardinal Health’s significant scale in the healthcare sector with a trailing twelve-month revenue of $254.2 billion and a workforce exceeding 58,788 employees. The company operates through two core divisions—Pharmaceutical and Medical—and maintains a market capitalization of $55.0 billion. While Greene’s sale is part of the August award cycle and reflects a roughly 16% reduction in her holdings, it appears to be more significant than those by other executives like CEO Jason Hollar or Chief Legal Officer Jessica Mayer.
Tickers: $CAH
Topics: Cardinal Health executive sale SEC filing