One day after Cerner President Zane Burke announced plans to step down from the company, he sold 283,539 shares of the company's stock in a transaction dated Sept. 11, SEC filings show.
Mr. Burke set his last day at the North Kansas City, Mo.-based EHR vendor for Nov. 2. John Peterzalek, executive vice president of worldwide client relationships at Cerner, will assume Mr. Burke's responsibilities under the title chief client officer, effective immediately.
The shares were sold at an average price of $63.68, for a total value of $18,055,763.52. Mr. Burke now owns 59,539 shares in the company, valued at approximately $3,791,443.52.
This sale follows an Aug. 28 transaction in which Mr. Burke sold 151,818 shares of Cerner for a total value of $9,934,969.92.
Shares in Cerner traded up during midday trading Sept. 13, hitting $65.18. About 1,531,800 shares of the stock were exchanged, compared to an average of 2,267,211.