PPD’s General Counsel Sells $1 Million Worth of Stock

Judd Hartman, EVP, chief administrative officer, and general counsel of PPD, Inc., sold over $1 million worth of stock, according to a Securities and Exchange Commission filing.

On Sept. 29, Hartman sold 30,000 shares at $34.60, for a total of $1,038,000, according to a Form 4 filed earlier this week.

This news comes after PPD EVP of global research development David Johnston sold $1.3 million worth of stock last week.

Hartman, who has been a part of PPD since 2001, now owns 64,166 shares, valued around $2.3 million.

Last month, PPD, a global research contract organization, raised its third-quarter revenue guidance on reported better-than-expected financial results in July and August.

Shares of PPD (PPD) were trading down 6 cents near $35.98 midday Friday.