Insider selling: Interim CEO unloads $35M in Cerner stock

Cliff Illig, interim CEO, chairman of the board and co-founder of Cerner, sold 530,000 shares of company stock from a revocable trust for $35 million in the past month, but that amount represents only a small portion of his total holdings, according to the Kansas City Business Journal.

After selling off the 530,000 shares, Mr. Illig owns a total of 13.25 million shares in Cerner in a revocable trust, 401(k) plan and as a trustee. Cerner has a total of 331.6 million outstanding shares, according to the report.

Mr. Illig was named interim CEO of Cerner in July after late CEO Neal Patterson died from complications after a recurrence of soft tissue cancer.

More articles on healthcare finance:

California hospital aims to reopen after ousting management company
Trinity Health's operating income nearly doubles in most recent quarter
Healthcare bankruptcies more than triple in 2017

Copyright © 2025 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


You can unsubscribe from these communications at any time. For more information, please review our Privacy Policy
.
 

Articles We Think You'll Like