Insider Trends: Insider at Universal Health Services Exercises Options Derivative Securities, Sells for Taxes and Self, Selling Trend Unaffected
10:32 AM EDT, 05/11/2021 (MT Newswires) -- On May 10, 2021, Director, Elliot J Md Mba Sussman, exercised options/derivative securities for 12,500 shares. A portion of these optioned shares (9,947 shares) were sold for tax obligations and an additional 12,500 shares were sold for $1,970,615. The sale of shares of the company by Sussman, described in the Form 4 SEC filing by Sussman, represents a liquidation of all Class B Common Stock in the company owned directly or indirectly. In addition the company has granted Sussman stock options of which 7,500 are currently in the money and have an approximate value of $208,675 as of yesterday's closing price.
In the 90 days prior to the date of this filing, there have been 19 insider transactions reported to the SEC for Universal Health Services. These transactions came from the activities of 6 separate insiders that resulted in a net disposition of 6,877 company shares. Relative to the preceding 90-day window of time, there were 12 transactions from 3 insiders and resulted in the net acquisition of 205,267 shares.
This level of transactions is below that of the peer group average in the 54-company Healthcare Facilities & Services peer group over the last 90-day period. Within the peer group activity averaged 110.6 transactions per company, and disposition of 3,666 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/352915/000112760221016155/xslF345X03/form4.xml
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