Insider Trends: Insider at HCA Healthcare Converts/Exercises Derivative Security, Sells for Taxes and Self, Buying Trend Remains Intact
10:52 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, President-Physician Services, Michael S Cuffe, exercised options/derivative securities for 37,490 shares. A portion of these optioned shares (23,772 shares) were sold for tax obligations and an additional 45,064 shares were sold for $7,829,257. Cuffe, following the transactions defined in the Form 4 SEC filing, owns 28,257 company shares, which have a market value of $5.07 million as of the prior-day closing price. In addition the company has granted Cuffe stock options of which 5,930 are currently in the money and have an approximate value of $577,226 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 individual 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 level of insider transactions is below that of 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/860730/000120919121008341/xslF345X03/doc4.xml
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