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

· 02/05/2021 18:05

10:52 PM EST, 02/05/2021 (MT Newswires) -- P Martin Paslick, SVP & Chief Information Officer, exercised options/derivative securities for 10,525 shares of HCA Healthcare (HCA) and sold 5,025 shares in the company for $900,983 to meet tax obligations on Feb 03, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 5,500 company shares. Following the Form 4 filing with the SEC, Paslick has control over a total of 133,499 shares of company stock, with 5,500 shares held directly and 127,999 controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $23,936,369.

In the 90 days 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 different 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 which resulted in the net acquisition of 396,169 shares.

This is less than the average level of insider transactions 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/860730/000120919121008349/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.