Steve Filton, executive vice president and CFO of King of Prussia, Pa.-based Universal Health Services, sold 30,000 shares of company stock on Nov. 15.
He sold the shares for $4.2 million, but that amount represents only a small portion of his total holdings. After selling off the 30,000 shares, Mr. Filton owns 265,238 shares of UHS valued at more than $37 million, according to a filing with the Securities and Exchange Commission.
UHS operates 26 acute care hospitals, 328 behavioral health facilities and 40 outpatient facilities ambulatory care centers. The company ended the third quarter of 2019 with net income of $97.2 million on revenues of $2.8 billion. A year earlier, the company reported net income of $171.2 million on revenues of $2.6 billion.
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