EVP Christopher Hite sells 130,000 shares ($7.3M) at $56.50 avg on 2026-06-30, reducing stake to 40,000 shares via 10b5-1 plan
Christopher Hite, EVP & Chairman of Partnering at Royalty Pharma, executed 4 separate sales totaling 130,000 shares for $7,345,470.79 ($7.3M) on 2026-06-30, with a blended average price of $56.50 per share. This sale represents a -76.5% reduction in his holdings, from 170,000 shares to 40,000 shares post-transaction. The sales were conducted pursuant to a pre-arranged 10b5-1 trading plan adopted on 2026-03-20, indicating the transactions were scheduled and not discretionary in nature. At current price of $57.77, the stock is at -0.0% from its 52-week high of $57.80, having appreciated +7.0% over 30 days and +18.9% over 90 days, and the company reports strong fundamentals with net income of $294,690,000.00 against revenue of $630,576,000.00 in the latest quarter.