Aetna Inc.'s Chairman and CEO just cashed-in 308,642 options

Mark T Bertolini, Aetna Inc.'s Chairman and CEO and a director of the company, recently cashed-in 308,642 options. The options were exercised at $48.65, while the disposals took place between $140.78 and $141.86 per share, on dates ranging from May 16 to May 17, 2017. Bertolini continues to hold 925,317 shares of the company. Bertolini operates out of Hartford, CT. Some additional info was provided as follows:

Stock Appreciation Right is net settled; amount represents withholding of shares by the Company to pay exercise price and taxes. The price reported is average weighted share price. These shares were sold in multiple transactions at prices ranging from $140.24 to $141.235, inclusive. The price reported is average weighted share price. These shares were sold in multiple transactions at prices ranging from $141.24 to $141.35, inclusive. On May 12, 2017, 158,635 shares were transferred to sole account to satisfy 2016 Grantor Retained Annuity Trust ("GRAT") annuity obligation. Represents shares held in GRAT where Mr. Bertolini is sole trustee. On May 16, 2017, 158,635 shares from sole account were voluntarily transferred to 2017 GRAT. Represents shares held in Charitable Lead Annuity Trust ("CLAT") where Mr. Bertolini is investment advisor.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Prospectuses and communications, business combinations - June 6, 2018

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