Form 4: Humana CEO Bruce Broussard Reports Changes in Beneficial Ownership
SEC Filing
Humana's CEO, Bruce Broussard, filed a Form 4 detailing transactions involving company stock and derivative securities.
Summary
- Bruce D. Broussard, CEO of Humana Inc., reported changes in his beneficial ownership of the company's securities.
- The report includes transactions related to Humana common stock, stock options, and restricted stock units.
- On July 1, 2024, Broussard filed the report detailing these transactions.
- The filing indicates a transfer of 25,000 shares to a Grantor Retained Annuity Trust (GRAT) where Broussard serves as the sole trustee.
- Broussard directly owns 85,130 shares of Humana common stock.
- He also holds options to purchase 13,430 shares at $350.7875, 30,425 shares at $376.61, 23,734 shares at $425.055, and 26,484 shares at $510.2425.
- Additionally, he possesses 2,184 and 4,573 restricted stock units, each representing a contingent right to receive one share of Humana Inc. common stock.
- 21,786 restricted stock units were granted on 2/21/24.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting transactions. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Related Party Transactions
- Shares transferred to GRAT effective January 30, 2024 in which reporting person is sole trustee.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's transactions in company stock.
Key Dates
| Date | Description |
|---|---|
| 02/24/2020 | Incentive and Non-Qualified stock options granted to reporting person, vesting in three annual increments. |
| 02/22/2021 | Incentive and Non-Qualified stock options granted to reporting person, vesting in three annual increments on 2/22/22, 2/22/23, & 2/22/24. |
| 02/21/2022 | Incentive and Non-Qualified stock options granted to reporting person, vesting in three annual increments on 2/21/23, 2/21/24, & 2/21/25. |
| 02/21/2022 | Restricted stock units granted to reporting person, 33% of the award is vesting on 12/15/22, 12/15/23, and 12/15/24. |
| 02/24/2023 | Incentive and Non-Qualified stock options granted to reporting person, vesting in three annual increments from 2/24/24 to 2/24/26. |
| 02/24/2023 | Restricted stock units granted to reporting person, 33% of the award is vesting on 12/15/23, 12/15/24, and 12/15/25. |
| 01/30/2024 | Shares transferred to GRAT effective this date. |
| 02/21/2024 | 21,786 restricted stock units granted. |
| 07/01/2024 | Date of earliest transaction reported. |
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