Cerner CEO sells $28.8M in company stock

Within the past week, five Cerner C-suite executives have cashed in on their stock options, with CEO Neal Patterson selling the most, according to the Kansas City Business Journal.

Mr. Patterson sold a grand total of 428,638 shares over the last week, according to an SEC filing. Figuring in the different weighted prices each day, this adds up to a sale value of $28.78 million, according to the report. In addition, Mr. Patterson bought 750,000 shares at a sale price of $3.70 per share on Aug. 5.

Here are the other Cerner executives who traded stock:

  • CFO Marc Naughton sold 90,000 shares at a price of $65.99 per share and bought 90,000 shares at $10.06 per share.
  • On Aug. 8, COO Michael Nill sold 50,000 shares at $67.16 per share and "exercised options to buy the shares that same day at $11.58 a share," according to the report.
  • Chief People Officer Julie Wilson sold 46,923 shares at $67.27 a share. She also bought 30,000 shares at $38.43 per share and 16,923 shares at $25.80 per share.
  • Chief Accounting Officer Michael Battaglioli sold 2,000 shares of stock at a price of $57.34 per share and bought the same number of shares at $21.30 each.

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