MedCity Influencers

More selling by Stryker Corp. director

Stryker unloads another 150,000 shares from her stake in Kalmazoo, Mich.-based device manufacturer, lifting gross proceeds during February to nearly $16 million

After a five-month respite, the sole family member on the Stryker Corp. board is back in the market selling off significant blocs of stock.

Ronda Stryker, the granddaughter of Stryker founder Homer Stryker, this week sold another 150,000 shares of the company’s stock to pocket just under $7.9 million in gross proceeds. The open-market transactions, completed Feb. 16-17, follow a series of similar trades starting Feb. 10 that generated another $8 million and were her first since wrapping up a slew of sales between April and August 2009.

Overall, the 54-year-old sold about 2 million shares of Stryker stock, based in Kalmazoo, Mich., during 2009.

Stryker’s latest stock sales were disclosed in regulatory documents filed on Thursday.

The Massachusetts Medical Devices Journal is the online journal of the medical devices industry in the Commonwealth and New England, providing day-to-day coverage of the devices that save lives, the people behind them, and the burgeoning trends and developments within the industry.

This post appears through the MedCity Influencers program. Anyone can publish their perspective on business and innovation in healthcare on MedCity News through MedCity Influencers. Click here to find out how.

Topics