Compensation Issues

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6 Vanguard Executives Sell Thousands of Shares

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Earlier this month, six executives at Nashville, Tenn.-based Vanguard Health Systems sold thousands of shares of stock.

Vanguard Chairman, President and CEO Charles Martin Jr. made the largest transaction. According to a filing with the Securities and Exchange Commission, Mr. Martin sold 26,502 shares at an average price of $20.95 per share — a sum worth more than $555,000. Mr. Martin still owns more than 2.7 million shares of Vanguard.

Vanguard Executive Vice President, Treasurer and CFO Phillip Roe sold 2,842 shares at $20.95 for a $59,539 payout. After the transaction, Mr. Roe owns more than 509,000 Vanguard shares.

The other four Vanguard executives who sold stock were Mark Montoney, MD, CMO, Alan Thomas, executive vice president of operations finance, Gary Willis, controller and chief accounting officer, and Keith Pitts, vice chairman.

Vanguard will release executive compensation figures for fiscal year 2013 before the end of October. In FY 2012, Mr. Martin earned $7.94 million, and Mr. Roe made $2.36 million. Vanguard is also awaiting final approval of its merger into Dallas-based Tenet Healthcare Corp., which is expected before the end of this year.

More Articles on Hospital Executive Compensation:
Integrated Healthcare Holdings CEO Earned $596k in 2012
LifePoint Increases Salary, Grants Stock to New CFO
78 Statistics on For-Profit Hospital Operator Executive Compensation

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