Thirteen Louisville, Ky.-based Humana executives sold company stock for a combined $83 million, the Courier-Journal reports.
Here's what you should know.
1. Humana executives, including CEO Bruce Broussard and COO James Murray, have been selling off large numbers of shares since late February 2017. The first major sell-off started when several top executives sold a combined 323,648 shares for $66.4 million on Feb. 17, 2017.
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2. Mr. Murray sold an additional 31,151 shares for $6.6 million on March 6, 2017.
3. The sell-off began shortly after Humana announced the end of its possible acquisition. Now that the acquisition deal is dead, Humana executives were free to buy, sell and exercise options.
4. Analysts expect Humana to reduce its employee base in the coming weeks.