After a five-month respite, the sole family member remaining 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 about $10 million in gross proceeds. The open-market transactions, completed Feb. 22-24, follow a series of similar trades, which started Feb. 10 and have continued steadily since, generating another $18 million. The stock sales 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 during 2009.
Stryker’s latest stock sales were disclosed in regulatory documents filed Feb. 22 and Feb. 24.
Ronda Stryker also picked up some company stock this week as well, acquiring a stock option on about 10,000 shares of company stock on Feb. 24 as part of 2006 long-term incentive plan.