Insider selling: Interim CEO unloads $35M in Cerner stock


Cliff Illig, interim CEO, chairman of the board and co-founder of Cerner, sold 530,000 shares of company stock from a revocable trust for $35 million in the past month, but that amount represents only a small portion of his total holdings, according to the Kansas City Business Journal.

After selling off the 530,000 shares, Mr. Illig owns a total of 13.25 million shares in Cerner in a revocable trust, 401(k) plan and as a trustee. Cerner has a total of 331.6 million outstanding shares, according to the report.

Mr. Illig was named interim CEO of Cerner in July after late CEO Neal Patterson died from complications after a recurrence of soft tissue cancer.

More articles on healthcare finance:

California hospital aims to reopen after ousting management company
Trinity Health's operating income nearly doubles in most recent quarter
Healthcare bankruptcies more than triple in 2017

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Whitepapers

Featured Webinars