Stryker Corp. heir scores $50 million from stock sales

July 31, 2009 by MassDevice staff

The sole founding family member on the Stryker Corp. board of directors sold about 6 percent of her stake in the medical device maker since early May, generating a nearly $50 million windfall.

Ronda Stryker, grand-daughter of the Kalamazoo, Mich.-based company's founder Homer Stryker, sold a total of 1.2 million shares of Stryker stock previously held in a revocable trust, according to documents filed with the U.S. Securities and Exchange Commission. The bulk of those sales — 840,000 shares worth — occurred since July 24.

At an average price of $39.33 a share, the stock sales produced $47.2 million in proceeds.

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