Peter Leemputte, Executive Vice President and Chief Financial Officer at Mead Johnson Nutrition CO (NYSE:MJN), completed a disposition of 76,212 shares of Common Stock on Friday. The stock was sold directly and in two batches: 50,348 shares were sold at a weighted average price of $91.59 per share, while the remaining 25,864 shares were disposed for a weighted average price of $91.51 per share. Furthermore, the insider also exercised his use of stock options throughout the transaction and after his second stock sale of the fiscal year he now owns a total of 33,163 company shares.
The $19 billion market cap pediatric nutrition enterprise saw several of its employees unload stock this quarter, such as Dirk Hondmann. The firm’s Senior Vice President and Global R&d sold 15,668 shares of Common Stock in July, receiving $97.00 for each share. And during the same week of July, company Director Stephen Golsby disposed of 10,000 shares of Common Stock for a price of $93.83 per share, in line with several stock sales executed by the insider this year.