What the executives and directors of Elevance Health actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| BOUDREAUX GAIL President and CEO | CEO | 169.9K | $1M | — |
| Norwood Felicia F EVP &Chief Health Benefits Ofr | Officer | 38.8K | — | — |
| Kaye Mark EVP & CFO | CFO | 32K | — | — |
| Haytaian Peter D EVP & Pres Carelon & CarelonRx | Officer | 27.2K | — | — |
| LAVU RATNAKAR EVP & Chief Digital Info Ofr | Officer | 16.1K | — | — |
| Todt Blair Williams EVP, CLO & CAO | Officer | 15.6K | — | — |
| HAY LEWIS III | Director | 12.1K | — | — |
| Kendrick Charles Morgan JR EVP & President, Commercial | Officer | 11.8K | — | $911K |
| PERU RAMIRO G | Director | 10.9K | $366K | — |
| Dixon Robert L JR | Director | 10.7K | — | $61K |
| Tallett Elizabeth E | Director | 10.3K | — | — |
| CLARK R KERRY | Director | 9,640 | — | — |
| Wessling Erin M EVP & Chief Legal Officer | Officer | 7,579 | — | — |
| Schneider Ryan M. | Director | 7,163 | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-17 | PERU RAMIRO G (Director) | Open-market buy | 1,000 | $366.05 | $366K |
| 2026-07-17 | BOUDREAUX GAIL (CEO) | Open-market buy | 680 | $366.41 | $249K |
| 2026-07-17 | BOUDREAUX GAIL (CEO) | Open-market buy | 2,045 | $368.25 | $753K |
| 2026-06-12 | Penczek Ronald W (Officer) | Discretionary sale | 369 | $403.16 | $149K |
| 2026-06-11 | Dixon Robert L JR (Director) | Discretionary sale | 151 | $401.77 | $61K |
| 2026-05-19 | Penczek Ronald W (Officer) | Discretionary sale | 1,531 | $403.13 | $617K |
| 2026-03-12 | SCHULMAN AMY W (Director) | Discretionary sale | 26 | $287.50 | $7K |
| 2026-03-06 | Kendrick Charles Morgan JR (Officer) | Discretionary sale | 3,196 | $284.92 | $911K |
| 2026-03-05 | COLLIS STEVEN H (Director) | Open-market buy | 3,000 | $289.84 | $870K |
| 2025-08-19 | DeVore Susan D. (Director) | Open-market buy | 1,200 | $312.15 | $375K |
| 2025-07-18 | BOUDREAUX GAIL (CEO) | Open-market buy | 1,050 | $287.96 | $302K |
| 2025-07-18 | BOUDREAUX GAIL (CEO) | Open-market buy | 2,334 | $286.07 | $668K |
| 2025-07-18 | BOUDREAUX GAIL (CEO) | Open-market buy | 5,116 | $287.12 | $1.5M |
| 2025-04-24 | Kaye Mark (CFO) | Discretionary sale | 4,588 | $424.82 | $1.9M |
| 2025-03-10 | Penczek Ronald W (Officer) | Discretionary sale | 443 | $415.13 | $184K |
| 2025-03-05 | Kendrick Charles Morgan JR (Officer) | Discretionary sale | 3,504 | $396.30 | $1.4M |
| 2024-10-18 | Kendrick Charles Morgan JR (Officer) | Discretionary sale | 7,417 | $432.14 | $3.2M |
| 2024-08-05 | PERU RAMIRO G (Director) | Planned sale (10b5-1) | 753 | $531.52 | $400K |
| 2024-07-22 | BOUDREAUX GAIL (CEO) | Planned sale (10b5-1) | 1,000 | $503.67 | $504K |
| 2024-07-22 | BOUDREAUX GAIL (CEO) | Planned sale (10b5-1) | 1,100 | $498.50 | $548K |
| 2024-07-22 | BOUDREAUX GAIL (CEO) | Planned sale (10b5-1) | 2,250 | $502.23 | $1.1M |
| 2024-07-22 | BOUDREAUX GAIL (CEO) | Planned sale (10b5-1) | 2,250 | $504.27 | $1.1M |
| 2024-07-22 | BOUDREAUX GAIL (CEO) | Planned sale (10b5-1) | 6,621 | $501.40 | $3.3M |
| 2024-07-22 | BOUDREAUX GAIL (CEO) | Planned sale (10b5-1) | 20.8K | $500.36 | $10.4M |
| 2024-07-19 | Dixon Robert L JR (Director) | Discretionary sale | 305 | $506.76 | $155K |
| 2024-04-24 | Norwood Felicia F (Officer) | Discretionary sale | 2,765 | $532.14 | $1.5M |
| 2024-04-24 | Norwood Felicia F (Officer) | Discretionary sale | 3,434 | $532.68 | $1.8M |
| 2024-04-23 | Norwood Felicia F (Officer) | Discretionary sale | 100 | $534.74 | $53K |
| 2024-04-23 | Norwood Felicia F (Officer) | Discretionary sale | 14K | $533.73 | $7.5M |
| 2024-03-08 | Kendrick Charles Morgan JR (Officer) | Discretionary sale | 2,432 | $500.46 | $1.2M |
| 2024-03-06 | Penczek Ronald W (Officer) | Discretionary sale | 916 | $504.58 | $462K |
| 2024-03-04 | Haytaian Peter D (Officer) | Planned sale (10b5-1) | 1,889 | $500.18 | $945K |
| 2024-03-04 | Haytaian Peter D (Officer) | Planned sale (10b5-1) | 4,206 | $500.18 | $2.1M |
| 2024-03-04 | Haytaian Peter D (Officer) | Planned sale (10b5-1) | 15K | $500.18 | $7.5M |
| 2024-02-07 | PERU RAMIRO G (Director) | Planned sale (10b5-1) | 753 | $500.00 | $377K |
| 2023-12-14 | Todt Blair Williams (Officer) | Discretionary sale | 5,492 | $484.02 | $2.7M |
| 2023-11-30 | Penczek Ronald W (Officer) | Discretionary sale | 1,055 | $475.17 | $501K |
| 2023-10-24 | Penczek Ronald W (Officer) | Discretionary sale | 64 | $454.35 | $29K |
| 2023-07-21 | Dixon Robert L JR (Director) | Discretionary sale | 310 | $476.71 | $148K |
| 2023-03-24 | MCCARTHY GLORIA M (Officer) | Planned sale (10b5-1) | 500 | $442.02 | $221K |
| 2023-03-24 | MCCARTHY GLORIA M (Officer) | Planned sale (10b5-1) | 600 | $440.78 | $264K |
| 2023-03-24 | MCCARTHY GLORIA M (Officer) | Planned sale (10b5-1) | 1,800 | $443.27 | $798K |
| 2023-03-24 | MCCARTHY GLORIA M (Officer) | Planned sale (10b5-1) | 3,000 | $444.33 | $1.3M |
| 2023-03-24 | MCCARTHY GLORIA M (Officer) | Planned sale (10b5-1) | 3,625 | $446.06 | $1.6M |
| 2023-03-24 | MCCARTHY GLORIA M (Officer) | Planned sale (10b5-1) | 5,573 | $445.30 | $2.5M |
| 2023-03-09 | Kendrick Charles Morgan JR (Officer) | Discretionary sale | 2,314 | $462.22 | $1.1M |
| 2022-06-09 | Kendrick Charles Morgan JR (Officer) | Discretionary sale | 206 | $491.39 | $101K |
| 2022-06-09 | Kendrick Charles Morgan JR (Officer) | Discretionary sale | 522 | $490.83 | $256K |
| 2022-06-09 | Kendrick Charles Morgan JR (Officer) | Discretionary sale | 784 | $489.49 | $384K |
| 2022-06-09 | Kendrick Charles Morgan JR (Officer) | Discretionary sale | 2,200 | $487.45 | $1.1M |
| 2022-06-09 | Kendrick Charles Morgan JR (Officer) | Discretionary sale | 2,616 | $488.64 | $1.3M |
| 2022-06-06 | Dixon Robert L JR (Director) | Discretionary sale | 420 | $497.14 | $209K |
| 2022-05-19 | PERU RAMIRO G (Director) | Discretionary sale | 990 | $468.88 | $464K |
| 2022-03-10 | Haytaian Peter D (Officer) | Discretionary sale | 40 | $463.40 | $19K |
| 2022-03-10 | Haytaian Peter D (Officer) | Discretionary sale | 1,240 | $462.73 | $574K |
| 2022-03-10 | Haytaian Peter D (Officer) | Discretionary sale | 2,170 | $458.68 | $995K |
| 2022-03-10 | Haytaian Peter D (Officer) | Discretionary sale | 4,105 | $460.68 | $1.9M |
| 2022-03-10 | Haytaian Peter D (Officer) | Discretionary sale | 4,274 | $459.75 | $2M |
| 2022-03-10 | Haytaian Peter D (Officer) | Discretionary sale | 5,874 | $461.72 | $2.7M |
| 2022-03-03 | Penczek Ronald W (Officer) | Discretionary sale | 2,423 | $463.68 | $1.1M |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.