Tenet Healthcare Chairman and CEO Trevor Fetter recently sold 184,481 shares in the Dallas-based company, according to a Securities and Exchange Commission Form 4 filing by the for-profit hospital operator.
Based on an average market stock price of $60.2 per share, the total value of the transaction is approximately $11.1 million.
Mr. Fetter now holds 0.77 percent of the total market cap of Tenet.
More articles on healthcare finance:
CMS proposes changes to Physician Fee Schedule: 15 things to know
Why CFO roles are being filled by Gen Xers
CFOs taking on IT roles: Is this trend headed for healthcare?