Ronda Stryker is once again selling off big blocks of her Stryker Corp. (NYSE:SYK) holdings, pocketing about $8 million from the sale of more than 180,000 shares in the past week and bringing her total proceeds from stock sales since May 2009 to nearly $80 million.
Stryker, the grand-daughter of the Kalamazoo, Mich.-based company’s founder Homer Stryker and the lone founding family member to sit on its board, sold the shares owned through a revocable trust starting Feb. 9, according to filings with the federal Securities and Exchange Commission. Ronda Stryker paid an average price of about $51.90 per share.
Stryker, who began selling off portions of her personal stake in May of last year, has benefited from a spike in the company’s stock price over the last six months. The nearly $52 per share price is 33 percent higher than the prices she paid from late May to July, when she netted more than $50 million in proceeds from stock sales.
Fifty-four-year-old Stryker, along with her siblings Jon and Patricia, jointly controlled a huge bloc of company stock for more than 30 years, through a trust established and named for their late father, L. Lee Stryker. The three decided to dissolve that partnership in late 2008; Ronda Stryker stated in an April 16, 2009 SEC filing that she was planning to evaluate “her investment in the Company and her options with respect to such investment.”
Since that time Ronda Stryker has trimmed her stake significantly, selling off some 2 million shares of stock, according to regulatory documents.