Stephen Hemsley, the board chair and former CEO of UnitedHealth Group, has sold nearly $113 million worth of company stock since the middle of October, new filings show.
Hemsley most recently sold $36.4 million worth of stock on Tuesday, according to the documents filed with the Securities and Exchange Commission.
The other $76.5 million of UnitedHealth stock was sold in October and November. Of that amount, $8.7 million was tied to the “Cloverfield Foundation,” the filings show. Another $2.2 million was attached to the “Clover Field Preservation Foundation,” an organization that is restoring an 18th-century home in Maryland. Hemsley is a “stakeholder” of those foundations, which share an address with UnitedHealth’s headquarters in Minnesota, according to the filings.