UTHR President/COO Michael Benkowitz sells entire 14,440-share stake for $6,817,499.44 on 2026-02-23
Michael Benkowitz, President and COO of United Therapeutics, executed 2 separate sales on 2026-02-23 totaling 14,440 shares at $472.13, liquidating his entire equity position for $6,817,499.44. This complete exit is material: Benkowitz held 14,440 shares before the transaction and zero post-transaction, representing a -100.0% reduction in his stake at a company trading at an elevated valuation (P/E 16.03) near its 52-week high. His prior sales at UTHR over the past three weeks (five separate transactions between 2026-02-02 and 2026-02-17) establish a sustained liquidation pattern rather than a one-time event, suggesting a deliberate unwinding of his entire equity position during a period of strong stock performance. The scale and timing of these consecutive dispositions warrant close examination of whether broader strategic or compensation shifts at the company are underway.