Kenneth Frazier, Chairman, President, and Chief Executive Officer of Merck & Co., Inc. (NYSE:MRK), unloaded 10,058 shares of Common Stock yesterday. The stock was sold directly, for a price of $57.00 per share, and in addition to this, the insider also exercised his use of stock options. This is one of several stock dispositions completed by Frazier throughout the fiscal year, as he sold 9,987 shares of Common Stock in July, receiving $58.03 for each share. Following the sale, the insider now owns a total of 335,504 company shares.
Stock sales have been frequent at the $166.6 billion market cap global health care firm this quarter. Last Monday, the company’s Senior Vice President and Chief Comuns Officer, Adele Ambrose, disposed of 28,669 shares of Common Stock for a price of $56.64 per share, thereby closing here first stock sale of the fiscal year. And in July, Mirian Weir Graddick, Executive Vice President of Human Resources, unloaded 179,747 shares for a price of $59.16 per share.