The Senior Vice President of Finance and Chief Financial Officer at POZEN Inc. (NASDAQ:POZN), William Hodges, unloaded a bulk of 11,414 shares of Common Stock yesterday, using a stock option of the same amount. The insider paid a weighted average price of $9.05 per share and completed the sale Hodges now holds a total of 66,461 company shares. This disposition isn’t the first to be exercised by the CFO, as in June he consistently unloaded shares of the $285.1 million market cap enterprise. In fact, merely two weeks ago the insider sold 50,000 shares of Common Stock, using a stock option and paying the same average weighted price as yesterday.
But Hodges isn’t the only insider at POZEN selling his stock. The company’s Vice President of Finance and Administration, John Barnhardt, has also indulged in several large stock sales throughout the fiscal year, the latest being a disposition of 27,484 shares, which were sold through stock options at a price of $8.80 per share.