UnitedHealth Chair, Officers Sold Stock Before US Probe Surfaced

UnitedHealth Group Inc. Chairman Stephen Hemsley and three senior executives netted a combined $101.5 million from stock sales made over four months leading up to when the public became aware of a federal antitrust investigation.

The sales occurred between Oct. 16, a week after the largest health insurer in the US reportedly received notice of the Justice Department probe, and Feb. 26, the day before Bloomberg News and others published stories about the investigation. The stock dropped after the investigation was widely reported.

Stephen Hemsley

Photographer: Jonathan Alcorn/Bloomberg

There’s no indication that the trades were executed according to scheduled trading plans in filings related ...