Brookdale president unloads almost $7M of shares

Brookdale Senior Living President and CFO Mark Ohlendorf last week cut his stake in the Brentwood-based senior living facilities company by a third, padding his bank account by $6.8 million. The series of sales came three weeks after Brookdale (Ticker: BKD) completed its acquisition of Emeritus and a week after former Emeritus boss Granger Cobb wrapped up the sale of $17 million worth of stock.

Also selling (again) last week was Director Mark Schulte, who has trimmed his Brookdale holdings by a third in recent weeks. Schulte's latest sales — view the details here and here — netted him about $2.7 million.

SEE ALSO: Ex-Emeritus boss in huge Brookdale stock sales