Form 4: Premier, Inc. Director Helen M. Boudreau Sells Shares Under 10b5-1 Trading Plan

Director Helen M. Boudreau sold 6,629 shares of Premier, Inc. (PINC) Class A Common Stock on May 15, 2024, at an average price of $19.85, according to a Form 4 filing with the SEC.

Summary

• On May 15, 2024, Helen M. Boudreau, a director of Premier, Inc. (PINC), sold 6,629 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $19.85 per share, with individual prices ranging from $19.73 to $19.91.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 8, 2024.
• Following the transaction, Boudreau directly owns 16,067 shares of Premier, Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.
• The sale does not appear to have any direct impact on employees, customers, suppliers, or creditors.

Key Dates