Item 5. Other Information.
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Item 5. Other Information.
Pre-arranged Trading Plans
The following discussion includes trading arrangements adopted, modified, or terminated by our directors and officers during the three months ended September 30, 2023.
On August 16, 2023, Nancy Avila, formerly our Executive Vice President, Chief Information Officer and Chief Technology Officer, adopted a Rule 10b5-1 trading arrangement for the sale of up to 6,756 shares of the Company’s common stock. The duration of the trading arrangement is until August 12, 2024, or earlier if all transactions under the trading arrangement are completed or if the trading arrangement is otherwise terminated according to its terms. The trading arrangement was entered into during a trading window period and Ms. Avila represented to us that she intended for it to satisfy the requirements for the affirmative defense of Rule 10b5-1(c) of the Exchange Act. The number of shares subject to the arrangement includes shares that may be withheld by the Company to satisfy income tax withholding and remittance obligations in connection with the net settlement of equity awards.
On August 17, 2023, Lori Schechter, our Executive Vice President, Chief Legal Officer and General Counsel, adopted a Rule 10b5-1 trading arrangement for the sale of up to 11,471 shares of the Company’s common stock. The duration of the trading arrangement is until August 19, 2024, or earlier if all transactions under the trading arrangement are completed or if the trading arrangement is otherwise terminated according to its terms. The trading arrangement was entered into during a trading window period and Ms. Schechter represented to us that she intended for it to satisfy the requirements for the affirmative defense of Rule 10b5-1(c) of the Exchange Act. The number of shares subject to the arrangement includes shares that may be withheld by the Company to satisfy income tax withholding and remittance obligations in connection with the net settlement of equity awards.
McKESSON CORPORATION
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