[Form 4] Cardinal Health, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Stephen M. Mason, an officer of Cardinal Health, Inc. (CAH), reported a non-cash acquisition on 08/12/2025. The filing shows 54,537 performance share units acquired that, per the explanatory note, will settle into common shares on August 15, 2025 at an effective price of $0. After this award, the report lists 89,514 shares beneficially owned following the transaction. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact, James E. Barnett, on 08/12/2025. The filing identifies the reporting person as an officer with title shown as CEO, GMPD Segment.

Positive

• Acquired 54,537 performance share units that will settle into common shares on August 15, 2025, increasing reported beneficial ownership to 89,514 shares
• Timely Section 16 disclosure filed and signed (via attorney-in-fact) on 08/12/2025

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine, non-cash PSU award increases an officer's ownership; governance impact is standard and not immediately market-moving.

The Form 4 documents an award of 54,537 performance share units that will settle into common shares on August 15, 2025. As a non-cash equity award, this changes beneficial ownership metrics but does not represent a market transaction or cash inflow/outflow. The filing was executed by an attorney-in-fact, which is common for insider reporting. From a governance perspective, the disclosure is timely and follows Section 16 reporting requirements; it does not, by itself, indicate any governance concerns.

Securities Analyst

TL;DR: Insider grant increases reported stake to 89,514 shares; the award settles later and carries no immediate cash impact.

The entry records 54,537 performance share units acquired on 08/12/2025 that will settle on August 15, 2025 and are shown at $0 price, consistent with compensation-based PSU awards. Beneficial ownership following the reported transaction is 89,514 shares. Because this is a compensation settlement rather than an open-market purchase or sale, it is unlikely to be material to Cardinal Health's public float or near-term share supply. The disclosure is precise about dates and settlement.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mason Stephen M

(Last) (First) (Middle)

7000 CARDINAL PLACE

(Street)

DUBLIN OH 43017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CARDINAL HEALTH INC [ CAH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO, GMPD Segment

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	08/12/2025		A(1)		54,537	A	$0	89,514	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects performance share units that will settle on August 15, 2025.

Remarks:

	/s/ James E. Barnett, Attorney-in-fact	08/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Stephen M. Mason report on CAH Form 4?

He acquired 54,537 performance share units on 08/12/2025 that will settle into common shares on August 15, 2025, increasing reported beneficial ownership to 89,514 shares.

What is the effective price of the reported transaction on CAH Form 4?

The award is reported at $0, consistent with compensation-based performance share units that will settle into common shares.

When will the performance share units reported for CAH settle into shares?

The explanatory note states settlement will occur on August 15, 2025.

Who signed the Form 4 for the reporting person?

James E. Barnett, Attorney-in-fact, signed the Form 4 on 08/12/2025.

What is Stephen M. Mason's relationship to Cardinal Health in this filing?

The filing identifies him as an officer with the title shown as CEO, GMPD Segment.