CFO Boehnlein sells 20,000 SYK shares for $6.7M; holdings drop 87.5% to 2.9K shares
Boehnlein Glenn S, VP and CFO of Stryker Corp, executed a substantial single open-market sale on 2024-08-02, disposing of 20,000 shares at $333.00 for total proceeds of $6,660,000.00, reducing his holdings from 22,852 to 2,852 shares—a net reduction of 87.5%. At the current price of $331.56, the stock is -7.6% from its 52-week high of $358.71, having moved only -0.1% over the prior 30 days and +1.0% over 90 days. Reviewing his cross-ticker open-market track record, the insider has completed 2 prior sells with an average 90-day return of -3.5% and a 90-day well-timed rate of 100.00%. At the SYK ticker specifically, his 2 prior sells occurred on 2024-02-09 (which showed a 90-day return of -3.5%, well-timed) and 2024-05-15 (showing 30-day outperformance of +5.3%, with 90-day outcome not yet measurable). The February 2024 trade was well-timed at the 90-day mark. This current August sale, while large in absolute terms, occurs at a price near the current market level and represents a near-complete exit from a meaningful executive position in a company with strong fundamentals: $5.4B in quarterly revenue, +11.1% annual growth, and $126.3B market capitalization.