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, SVP-Payer Contracting & Align., Kathryn A Torres, exercised options/derivative securities for 22,908 shares. A portion of these optioned shares (15,108 shares) were sold for tax obligations and an additional 20,174 shares were sold for $3,542,969. Torres, following the transactions delineated in the Form 4 SEC filing, owns 14,397 shares of company stock, with a market value, based on the prior-day closing price, of $2.58 million. Additionally, Torres has been granted 4,575 stock options by the company which are in the money and carry a value of approximately $357,490 as of yesterday's closing price.
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 individual insiders that resulted in a net acquisition of 215,066 company shares. This compares with the preceding 90-day window of time where 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. Peer group activity averaged 99.8 transactions per company, and disposition of 1,032 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/860730/000120919121008354/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.