Premier Executives Sell Millions in Company Stock

Executives at Charlotte-based Premier Inc. sold millions of shares of company stock this week, according to filings with the Securities and Exchange Commission.

Susan DeVore, president and CEO of Premier, sold 40,000 shares of common stock on Tuesday valued at $32.74 per share for a total value of $1.3 million.

DeVore also sold 35,511 shares of stock valued at $33.52 for a total of $1,190,329 and 13,251 shares of company stock valued at $32.89 for a total of $435,825.

Both transactions were classified as withholding securities for payment, meaning they were sold to pay for the taxes of another transaction.

The three transactions totaled $2.9 million.

Michael J. Alkire, the chief operation officer of Premier, sold 14,714 shares of company stock valued at $33.52 for a total value of $493,212. in addition to 6,357 shares of stock valued at $32.89 for a total value of $209,082.

Both transactions were classified as withholding securities for tax payment and totaled $702,295.

In addition, Chief Financial Officer Craig McKasson sold 9,104 shares at a price of $33.52 apiece and 3,475 shares at a price of $32.89 apiece.

Both of his transactions were also classified as withholding securities for tax payment. They totaled $419,459.

DeVore has been the president and CEO of Premier since 2013. According to Bloomberg, she received $6.6 million in total compensation last year, which is down 3.5 percent from $6.8 million in 2015.

Alkire has been the COO of Premier since 2011. He received $4,001,325 in total compensation last year.

Premier is a health care company with an alliance of 3,750 hospitals and over 130,000 other providers whose goal is to improve health care quality while reducing costs.

The company stock closed at $33.50 on Thursday, up 76 cents from close of market Wednesday.

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