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.
At this pace, it'll be a while before recently retired Kirkland's leader Robert Alderson unloads all of his shares in the home goods retailer. A trading plan set up by the 68-year-old, who is still a director of Brentwood-based Kirkland's, last Thursday sold 15,000 shares — about 2 percent of his total holdings — for more than $350,000. Shares of Kirkland's (Ticker: KIRK) are down slightly this morning to $22.45 and have slipped about 5 percent so far this year.
A trio of prominent local executives late last week gave themselves a little more cash for Christmas shopping by selling some of their shares. Leading the way was Genesco Chairman, President and CEO Bob Dennis, who on Friday pocketed more than $720,000 from the sale of 10,000 shares of the retailer. Dennis, who still owns more than $12 million worth of Genesco, sold the shares a week after the company reported disappointing Q3 numbers that took the stock (Ticker: GCO) down more than 10 percent.
Tony Crudele, the CFO of ranch and farm products retailer Tractor Supply, exercised more than 11,000 options that would have expired in 2020 and 2021 before selling the same number of shares of market prices. His profit on the transactions — executed under the umbrella of a stock trading plan — came to almost $650,000. Tractor Supply (Ticker: TSCO) are up about 30 percent over the past three months.
Jeff Wagner, executive vice president of oriented strand board at Louisiana-Pacific Corp., sold more than a quarter of his shares for almost $550,000. Wagner still owns about $1.4 million worth of LP, which has risen 10 percent (Ticker: LPX) since September.
Tractor Supply merchandising chief Steve Barbarick has in the past week lightened his stock and option holdings in the Brentwood-based retailer. Last week, he sold 4,000 shares for $280,000 under a trading plan he set up in March. Then on Monday, he exercised 10,000 options that would have expired in 2017 and 2018 and sold the resulting shares. His profit on those transactions topped $610,000. Tractor Supply shares (Ticker: TSCO) got a nice bump last week from the company's better-than-expected Q3 results but they're still down slightly year to date.
Genesco Vice President and Chief Accounting Officer Paul Williams this week cut his stake in the shoe and hat retailer by 40 percent by selling almost 10,000 of his shares. Williams' proceeds from the sale came to nearly $750,000. Shares of Genesco (Ticker: GCO) are up about 5 percent year to date.
Shares of hospital giant HCA Holdings (Ticker: HCA) have been on a nice run of late, climbing 13 percent in the last two months and 35 percent over the past year. Juan Vallarino, the company's senior VP of employer and payer engagement, took advantage of that this week by exercising 15,000 stock options that would have expired in 2021 and then selling the resulting shares. His profit on those moves topped $565,000.
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.
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.
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