The fact that AmSurg shares (Ticker: AMSG) are trading at all-time highs hasn't escaped the attention of Executive Vice President David Manning. A trading plan set up last fall by the veteran development exec on Monday exercised about 12,000 stock options that would have expired in 2017 and then sold the resulting shares. His profit on the transactions tops $345,000.
David Lassiter, the senior vice president of corporate affairs at National HealthCare Corp., last Thursday took advantage of the pop in shares of the nursing home operator by selling 5,000 of his 37,000-plus shares. The move generated about $270,000 for Lassiter, who has been with the Murfreesboro-based company since 1995. NHC shares (Ticker: NHC) are up about 3 percent so far this year.
HCA Holdings President of Clinical Services and Chief Medical Officer Jonathan Perlin has cashed in some of the paper gains created by shares of the hospital company (Ticker: HCA), which are up 17 percent in 2014 and more than 40 percent over the past 12 months. A trading plan set up in February this week exercised 20,000 stock options that would have expired in 2017 and then sold the resulting shares. Perlin's profit on the transactions was more than $980,000.
Acadia Healthcare COO Ron Fincher exercised a batch of stock options Tuesday, the day the behavioral health company announced a major acquisition in the United Kingdom. Fincher exercised a little more than 14,000 shares for $317,000, then forfeited $471,000 worth of the resulting shares to cover those costs and more. Fincher did that on the day Acadia announced its $660 million acquisition of Partnerships in Care, the United Kingdom's second-largest behavioral health company. Shares of the company jumped 15 percent after that announcement and Fincher cashed in Wednesday, selling the roughly 4,500 remaining shares he had obtained the day before for a profit of nearly $212,000.
Shares of Acadia (Ticker: ACHC) were down 1 percent $46.73 Thursday afternoon.
Cracker Barrel Old Country Store director Andrea Weiss on Monday trimmed her stake in the Lebanon-based restaurant and retail chain by more than a third, selling 5,000 shares for more than $500,000. Weiss, who runs a retail consulting firm, has been on the Cracker Barrel board since 2003.
Community Health Systems Division President Martin Smith is the latest local executive to unload a big chunk of his stock holdings. Smith on Tuesday sold 25,000 shares, about a quarter of his total, for gross proceeds of a little more than $1 million. A day later, CHS Chief Quality Officer Lynn Simon pocketed about $205,000 on the sale of about 6 percent of her stake in the hospital company. CHS shares (Ticker: CYH) are up about 7 percent year to date.
Over at Ryman Hospitality Properties, Director Michael Bender booked a similarly sized profit last Friday on the exercising of more than 9,000 options that would have expired in August. Bender then sold the resulting for a gain of $205,000. Shares of Ryman (Ticker: RHP) have risen about 10 percent so far this year.
Add Louisiana-Pacific Executive Vice President Rick Olszewski to the growing list of local public-company executives who have sold notable chunks of their stock holdings this year. Olszewski, who has been with LP since 2007 and oversees sales and marketing as well as its Latin American operations, last week unloaded about a quarter of his shares for more than $360,000. Shares of LP (Ticker: LPX) are down about 15 percent this year.
Corrections Corp. of America Executive Vice President and Chief Development Officer Anthony Grande this week popped back onto our radar that scans for local insider trades. Grande's stock trading plan on Monday exercised 15,000 stock options that would have expired starting in 2018 and sold the resulting shares. His profit on the transactions topped $275,000 and came about two months after he booked a $155,000 gain in similar circumstances.
Chad McCurdy has been booking some nice paper gains of late on his and his Marlin Capital Partners' stakes in Diversicare Healthcare Services, but that didn't stop him last week from spending almost $500,000 to snap up another 78,000 shares for various personal accounts. Combined, McCurdy's direct and indirect professional and personal holdings now total 22.7 percent of Diversicare. Shares of the Brentwood-based company (Ticker: DVCR) are up more than 40 percent so far this year.
Even among the laundry list of Middle Tennessee executives 2014 insider trades, this one is a biggie.
Bill Carpenter, chairman and CEO of LifePoint Hospitals, last week slashed his stake in the company by almost 30 percent while exercising a boatload of stock options that would have expired next year and in 2016. In all, Carpenter exercised 125,000 options before selling the resulting shares as well as almost 156,000 others. His total profit on those transactions was more than $11.6 million.
Carpenter, who took the helm at Brentwood-based LifePoint in mid-2006, still owns more than $21 million worth of LifePoint stock, which has climbed (Ticker: LPNT) 8 percent this year.
SEE ALSO: Details of other LifePoint insiders' recent sales
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