Heino Lennartz, President Europe at West Pharmaceutical Services Inc. (NYSE:WST), completed a stock disposition of 11,445 shares of Common Stock yesterday. The sale was executed directly and for a price of $40.00 per share. Furthermore, the insider also exercised his use of stock options for the transaction. This is Lennartz’s third stock sale of the fiscal year so far, with the last large disposition dating back to February, when he unloaded 16,044 shares of Common Stock for a price of $45.84 per share.
A number of insiders have been selling off their West Pharmaceutical stock this quarter. On Thursday, the firm’s President of Delivery Systems, John Paproski, disposed of 14,000 shares, receiving $40.44 for each share of Common Stock. Following the sale, the insider now owns a total of 54,847 company shares. And at the end of May Richard Luzzi, Senior Vice President of Human Resources at the $2.8 billion market cap pharmaceutical equipment manufacturer, sold 22,828 shares of Common Stock for a price of $42.17 per share.