Cardinal Health CEO Sells Nearly $30 Million Worth of Shares in Two Days
On August 18 and 19, Cardinal Health's Chief Executive Officer Jason M. Hollar sold nearly 125,000 shares for approximately $29.4 million, according to an SEC Form 4 filing. The sale was executed at prices ranging from $232.75 to $238.07 per share and appears linked to the vesting of restricted stock and performance units three days earlier. Hollar retains a direct ownership stake in Cardinal Health (CAH) with approximately 190,603 shares valued at around $44.76 million as of August 19's market close. The company reported trailing twelve-month revenue of $254.2 billion and net income of $1.7 billion for fiscal year 2026. The CEO has previously executed similar transactions, including a sale in the same period last year that generated about $16 million. Despite this recent activity, Hollar's overall stake remains stable compared to one year ago.
Tickers: $CAH
Topics: Cardinal Health executive sale SEC filing