Quest Diagnostics CEO sells $2.43M in stock
Quest Diagnostics’ CEO and President J. E. Davis sold 10,000 DGX shares under a Rule 10b5-1 trading plan, leaving him with 122,423 directly held shares.
Rhea-AI Filing Summary
QUEST DIAGNOSTICS INC (DGX) reported that CEO, President and director J. E. Davis sold 10,000 shares of common stock on September 1, 2026 at an average price of $242.72 per share in an open-market or private transaction. The transaction was effected pursuant to a Rule 10b5-1 sales plan adopted by the executive. Following this sale, Davis directly holds 122,423 shares of Quest Diagnostics common stock.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 10,000 shares
Net Sell
1 txn
Insider
Davis J. E.
Role
CEO and President
Sold
10,000 shs ($2.43M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 10,000 | $242.72 | $2.43M |
Holdings After Transaction:
Common Stock — 122,423 shares (Direct)
Footnotes (1)
- F1. This exercise and sale reported were effected pursuant to a Rule 10b5-1 sales plan adopted by the reporting person.
Key Figures
Shares sold: 10,000 shares
Sale price per share: $242.72 per share
Implied gross sale proceeds: $2,427,200
+2 more
5 metrics
Shares sold
10,000 shares
Common stock sale by J. E. Davis on September 1, 2026
Sale price per share
$242.72 per share
Average price for the 10,000 shares sold on September 1, 2026
Implied gross sale proceeds
$2,427,200
10,000 shares sold at $242.72 per share
Shares held after transaction
122,423 shares
Direct ownership of J. E. Davis following the September 1, 2026 sale
Number of reported sell transactions
1 transaction
Non-derivative sale of common stock reported in this Form 4
Key Terms
Rule 10b5-1, open-market or private transaction
2 terms
Rule 10b5-1 regulatory
"effected pursuant to a Rule 10b5-1 sales plan adopted by the reporting person"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
open-market or private transaction financial
"Sale in open market or private transaction"
FAQ
What insider transaction did Quest Diagnostics (DGX) report for J. E. Davis?
Quest Diagnostics reported that CEO, President and director J. E. Davis sold 10,000 shares of common stock on September 1, 2026 at an average price of $242.72 per share in an open-market or private transaction.
Was the September 1, 2026 DGX stock sale by J. E. Davis under a Rule 10b5-1 plan?
Yes. The filing states that the sale reported was effected pursuant to a Rule 10b5-1 sales plan adopted by J. E. Davis, indicating the trades were pre-arranged under that plan.
What is the role of J. E. Davis at Quest Diagnostics (DGX)?
J. E. Davis is reported as both CEO and President and as a director of Quest Diagnostics Inc., making him a senior executive officer and board member.
AI-generated analysis. How Rhea-AI works. Not financial advice.