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

Premier, Inc.'s CEO, Michael Alkire, sold 18,771 shares of Class A Common Stock at a weighted average price of $21.12 on July 31, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On July 31, 2024, Michael J. Alkire, the President and CEO of Premier, Inc., sold 18,771 shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 23, 2024.
• The weighted average price of the shares sold was $21.12, with individual prices ranging from $20.94 to $21.25.
• Following the transaction, Alkire directly owns 543,927 shares of Premier, Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales by insiders are common and often pre-planned, especially when executed under 10b5-1 trading plans. These plans allow insiders to sell shares at predetermined times and prices to avoid accusations of insider trading. The market typically views these sales in the context of the overall trading plan and the executive's remaining holdings.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the existence of the 10b5-1 trading plan.

Key Dates