Quest Diagnostics (NYSE: DGX) CEO discloses 10,000-share stock sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quest Diagnostics CEO and President J. E. Davis reported two stock transactions in company common stock. He disposed of 2,968 shares at $204.86 per share to satisfy tax obligations from the vesting of a prior restricted share unit grant. He also completed an open-market sale of 10,000 shares at $212.52 per share under a pre-arranged Rule 10b5-1 sales plan. After these transactions, he directly holds 117,185 Quest Diagnostics shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares ($2,125,200)
Net Sell
2 txns
Insider
Davis J. E.
Role
CEO and President
Sold
10,000 shs ($2.13M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,968 | $204.86 | $608K |
| Sale | Common Stock | 10,000 | $212.52 | $2.13M |
Holdings After Transaction:
Common Stock — 127,185 shares (Direct)
Footnotes (1)
- Sale of common stock to satisfy tax obligations arising from the vesting of a previous grant of restricted share units. This sale reported was effected pursuant to a Rule 10b5-1 sales plan adopted by the reporting person.
FAQ
What insider stock transactions did Quest Diagnostics (DGX) CEO report?
Quest Diagnostics CEO J. E. Davis reported two transactions in common stock. He disposed of 2,968 shares to cover taxes from restricted share units and sold 10,000 shares in an open-market transaction under a Rule 10b5-1 sales plan.
Were the Quest Diagnostics (DGX) CEO’s stock sales made under a Rule 10b5-1 plan?
Yes. A footnote states the reported open-market sale was effected under a Rule 10b5-1 sales plan adopted by J. E. Davis. Such plans pre-schedule trades, aiming to separate personal trading decisions from nonpublic company information.
What do transaction codes F and S mean in the Quest Diagnostics (DGX) CEO filing?
Code F indicates shares withheld or sold to pay taxes from equity awards, here 2,968 shares for restricted share units. Code S reflects a sale in the open market or private transaction, applied to the 10,000-share open-market sale at $212.52 per share.