HCA Holdings Group President Charles Hall, who oversees the hospital giant's operations in 12 states, has become the latest executive at the company to cash in some of his paper gains. Hall on Tuesday exercised 50,000 options that would have expired in early 2017 for about $5 apiece and then sold the same number of shares at more than $82 each. His profit on the transactions totaled more than $3.8 million.
By our count, HCA execs have now booked stock or option-related gains of more than $49 million in the past six weeks. An overview of our coverage of insider trades is here.
Louisiana-Pacific director Kurt Landgraf has cashed in some of his stock options in the building materials manufacturer. Landgraf, a former president and CEO of Educational Testing Service, last Thursday converted almost 37,000 options that would have expired from 2018 to 2022 and then sold that number of shares. His profit on the deal topped $320,000. Shares of downtown-based LP (Ticker: LPX) have surged from $15.24 to almost $18 this month and are now up 8 percent year to date.
Two HCA Holdings executives last week booked some profits on their stock options. A trading plan set up earlier this year by Jon Foster (pictured here), president of HCA's American group of 80 hospitals, was able to bank more than $2.3 million by exercising 36,000 options and then selling that number of shares for more than six times as much. In addition, Juan Vallarino, senior vice president of employer and payer engagement, exercised about 17,000 options that would have expired in mid-2019 and then sold the same number of shares. His profit on the transaction totals a little more than $1.2 million.
Shares of HCA (Ticker: HCA) are changing hands this morning at $77.12. They've risen 12 percent over the past three months and 5 percent year to date.
HCA Holdings COO Sam Hazen has taken advantage of the record run in the hospital giant's shares — they're up 60 percent in the past year (Ticker: HCA) — via his option holdings for the second time in four months. Last Wednesday, a stock trading plan set up by Hazen last summer exercised 180,000 options for $5.31 each and then sold the same number of shares at $80 apiece. His gain on those transactions topped $13.4 million. Hazen's plan — which late last year also generated almost $11 million in profits — also paid a little more than $2 million to exercise another 180,000 options before forfaiting about half of those to cover its expenses. The moves leave Hazen, who was named to his current position in January, with almost $10 million in direct holdings.
Cracker Barrel Old Country Store board member Andrea Weiss this week cashed in some of her paper profits by selling a fifth of her shares as well as some stock options she exercised. Weiss, a veteran retail executive who has in the past helped run Delia's and The Limited among others, banked more than $450,000 from the transactions.
The board of Dollar General last week voted to give Chairman and CEO Richard Dreiling something of a pass on the compensation front. As part of the agreement Dreiling and the company signed earlier this month to plan out his retirement early next year, the board has given Dreiling a grant of 57,670 restricted shares that will take the place of any awards he would be in line to get under Dollar General's long-term incentive plan. The grant, which was worth almost $4.4 million at Friday's closing price (Ticker: DG), will be released to Dreiling in equal parts next March and the year after.
A handful of executives at some of Middle Tennessee's most prominent public companies saw last week as a good time to book some profits on their stock holdings. Here's a rundown:
As part of a trading plan, HCA Holdings Controller Don Stinnett exercised almost 10,500 options that would have expired in early 2017 for about $5 each and then sold the same number of shares for $76. His profit on the transactions came to more than $740,000. HCA shares (Ticker: HCA) are essentially flat for the year.
Over at Community Health Systems, Chief Administrative Officer Kevin Hammons exercised 8,000 options that would have expired this summer, then sold that number of shares. On top of that, he also sold more than 10,600 other shares. His total proceeds on the deals topped $600,000. In addition, Division President Michael Portacci sold about a quarter of his stock in the Franklin-based company. His bank account is now almost $750,000 to the good. Fellow Division President Bill Hussey grossed $454,000 from a similar sale. He still owns almost $6 million of CHS shares (Ticker: CYH), which are down about 6 percent year to date.
Cracker Barrel Old Country Store's marketing chief Chris Ciavarra also was a seller, unloading a quarter of his stake in the restaurant and retail company for more than $670,000. The sale comes after Cracker Barrel (Ticker: CBRL) popped to an all-time high in the wake of strong earnings. Year to date, the stock is up 5 percent.
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