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

Premier, Inc.'s CEO, Michael Alkire, sold 1,264 shares of Class A Common Stock at a weighted average price of $20.01 on September 30, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 30, 2024, Michael J. Alkire, the President and CEO of Premier, Inc., sold 1,264 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $20.01 per share, with individual transaction prices ranging from $20.00 to $20.08.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted by Alkire on February 23, 2024.
• Following the reported transaction, Alkire still beneficially owns 558,143 shares of Premier, Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative performance for the company.

Industry Context

Executive stock sales are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares without being accused of trading on non-public information. The market will likely view this as a routine transaction.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, but given the relatively small number of shares sold and the existence of a 10b5-1 plan, the impact is likely to be minimal.

Key Dates