July was a very good month for HCA Holdings investors, with shares of the industry-leading hospital operator climbing more than 16 percent as the company and its peers reported surprisingly good earnings. So it's no surprise to see insiders cashing in a good number of their long-term compensation chips. The latest to do so were HCA Holdings Group President Jon Foster and President of Clinical Services and Chief Medical Officer Jonathan Perlin.
Foster on Friday exercised about 60,000 options that would have expired in 2017 and then sold the resulting shares. His profit on the deals came to more than $3.6 million. Perlin, meanwhile, booked a gain of $1.2 million after he exercised 20,000 options and sold the resulting stock.
The sales by Perlin and Foster came on the heels of similar big transactions by a number of their HCA colleagues as well as the CFO of LifePoint Hospitals. Since last Friday, HCA shares (Ticker: HCA) have traded sideways, closing Tuesday at $66.80.
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.
Jonathan Perlin, the chief medical officer of HCA Holdings, has been named chairman-elect of the American Hospital Association's board of trustees. Perlin, who's been with HCA since 2006, will take over the top spot in 2015. Modern Healthcare has more on the move, which puts HCA execs at the helm of two of the most prominent health care trade groups in the country.
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