Form 4: Premier, Inc. CEO Michael Alkire Sells Shares Under 10b5-1 Trading Plan

Premier, Inc.'s CEO, Michael Alkire, sold 2,100 shares of Class A Common Stock at a weighted average price of $20.09 on October 18, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On October 18, 2024, Michael J. Alkire, the President and CEO of Premier, Inc., sold 2,100 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $20.09 per share.
• The prices for individual transactions ranged from $20.00 to $20.26.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on February 23, 2024.
• Following the transaction, Alkire directly owns 538,143 shares of Premier, Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reports a routine stock sale by the CEO under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment, but rather a planned transaction.

Industry Context

Sales by insiders are a normal part of corporate activity. The fact that the sale was conducted under a 10b5-1 plan suggests it was pre-planned and not based on any specific inside information at the time of the transaction.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the pre-planned nature of the transaction.

Key Dates