Quest Diagnostics (NYSE: DGX) SVP sells 526 shares in plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quest Diagnostics senior vice president and general counsel Michael E. Prevoznik reported recent stock transactions. On March 3, he executed an open-market sale of 526 shares of common stock at $207.73 per share under a Rule 10b5-1 sales plan, leaving 37,557 shares held directly afterward. On March 2, 288 shares were disposed of at $204.86 per share to cover tax obligations from the vesting of restricted share units. He also has 5,737 shares held indirectly through company 401(k) and deferred compensation plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 526 shares ($109,266)
Net Sell
3 txns
Insider
PREVOZNIK MICHAEL E
Role
SVP & General Counsel
Sold
526 shs ($109K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 526 | $207.73 | $109K |
| Tax Withholding | Common Stock | 288 | $204.86 | $59K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 37,557 shares (Direct);
Common Stock — 5,737 shares (Indirect, 401(k)/SDCP)
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. These underlying shares were acquired on a periodic basis by the trustee of the Company's tax qualified Profit Sharing (401(k)) and/or Supplemental Deferred Compensation Plan. The information was obtained from the plan administrator as of a current date. The number of shares is based on the account balance of the Company stock fund under each Plan (which includes some money market instruments) divided by the market price of the Company's stock as of that date.
FAQ
What insider stock transactions did Quest Diagnostics (DGX) disclose for Michael E. Prevoznik?
Quest Diagnostics reported that SVP and general counsel Michael E. Prevoznik sold 526 shares of common stock in an open-market transaction and disposed of 288 shares to cover taxes from restricted share unit vesting, according to the Form 4 filing.
At what prices did the Quest Diagnostics (DGX) insider transactions occur?
The open-market sale of Quest Diagnostics common stock was at $207.73 per share for 526 shares. A separate 288-share tax-withholding disposition tied to restricted share unit vesting occurred at $204.86 per share, based on the reported transaction details.
Was the Quest Diagnostics (DGX) insider sale made under a Rule 10b5-1 plan?
Yes. The Form 4 notes that the 526-share open-market sale of Quest Diagnostics common stock by Michael E. Prevoznik was executed pursuant to a pre-established Rule 10b5-1 sales plan adopted by the reporting person.
How are Michael E. Prevoznik’s indirect Quest Diagnostics (DGX) holdings structured?
His indirect Quest Diagnostics holdings are in the company’s tax-qualified profit sharing 401(k) and supplemental deferred compensation plans. Shares are acquired periodically by the plan trustee, with amounts based on the stock fund balance and current market price.