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Insider Trends: HCA Healthcare Insider Exercises Option/Derivative Security to Acquire Stock Sells Portion to Pay Tax, Buy Trend Intact

· 02/05/2021 18:03

10:52 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, Charles J Hall, Group President, exercised options/derivative securities for 16,028 shares of HCA Healthcare (HCA) and sold 10,507 shares in the company for $1,883,905 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 5,521 company shares. Hall, after the transactions disclosed in the SEC Form 4 filing, has control over 210,563 shares of company stock of which 206,038 shares are held directly and 4,525 shares are controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $37.8 million. In addition the company has granted Hall stock options of which 9,150 are currently in the money and have an approximate value of $714,981 as of yesterday's closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 19 insider transactions reported to the SEC for HCA Healthcare. These transactions came from the activities of 5 separate insiders that resulted in a net acquisition of 215,066 company shares. In the preceding 90-day window of time, there were 31 transactions from 11 insiders and resulted in the net acquisition of 396,169 shares.

This level of insider transactions is lower than the peer group average in the 54-company Healthcare Facilities & Services peer group over the last 90-day period. Activity in the peer group averaged 99.8 transactions per company, and disposition of 1,032 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/860730/000120919121008344/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.