Elevance Health insider activity
What the executives and directors of Elevance Health actually did with their own shares, decoded from their SEC Form 4 filings. Each figure says the stretch of time it covers.
The tape: three years of insider trades
Every marker sits at the 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 grey strip is the routine flow (grants, vestings, tax withholding and gifts) that a headline gets wrong by counting it as selling.
The 74 routine events on the chart, as a list
| Date | Insider | Shares |
|---|---|---|
| Sep 3, 2026 | Wessling Erin M | 349 |
| Sep 2, 2026 | Craig Ryan R | 144 |
| May 19, 2026 | Penczek Ronald W | 1,531 |
| May 13, 2026 | HAY LEWIS III | 563 |
| May 13, 2026 | COLLIS STEVEN H | 563 |
| May 13, 2026 | PERU RAMIRO G | 563 |
| May 13, 2026 | STRABLE-SOETHOUT DEANNA D | 563 |
| May 13, 2026 | Schneider Ryan M. | 563 |
| May 13, 2026 | SCHULMAN AMY W | 563 |
| May 13, 2026 | Dixon Robert L JR | 563 |
| May 13, 2026 | DeVore Susan D. | 563 |
| May 13, 2026 | Neri Antonio F | 563 |
| May 13, 2026 | Jallal Bahija | 563 |
| Mar 3, 2026 | BOUDREAUX GAIL | 35K |
| Mar 3, 2026 | Haytaian Peter D | 4,512 |
| Mar 3, 2026 | Penczek Ronald W | 2,561 |
| Mar 3, 2026 | LAVU RATNAKAR | 12K |
| Mar 3, 2026 | Norwood Felicia F | 11K |
| Mar 3, 2026 | Kaye Mark | 17K |
| Mar 3, 2026 | Kendrick Charles Morgan JR | 8,227 |
| Mar 3, 2026 | Craig Ryan R | 3,310 |
| Mar 3, 2026 | Wessling Erin M | 3,393 |
| Feb 2, 2026 | SCHULMAN AMY W | 218 |
| Feb 2, 2026 | Craig Ryan R | 279 |
| Oct 2, 2025 | Kaye Mark | 2,895 |
| Sep 3, 2025 | Wessling Erin M | 1,083 |
| Sep 2, 2025 | Craig Ryan R | 970 |
| Aug 1, 2025 | COLLIS STEVEN H | 639 |
| May 14, 2025 | CLARK R KERRY | 601 |
| May 14, 2025 | HAY LEWIS III | 601 |
| May 14, 2025 | PERU RAMIRO G | 601 |
| May 14, 2025 | STRABLE-SOETHOUT DEANNA D | 601 |
| May 14, 2025 | Schneider Ryan M. | 601 |
| May 14, 2025 | Dixon Robert L JR | 601 |
| May 14, 2025 | DeVore Susan D. | 601 |
| May 14, 2025 | Neri Antonio F | 601 |
| May 14, 2025 | Jallal Bahija | 601 |
| Mar 3, 2025 | BOUDREAUX GAIL | 37K |
| Mar 3, 2025 | Haytaian Peter D | 9,529 |
| Mar 3, 2025 | Penczek Ronald W | 904 |
| Mar 3, 2025 | LAVU RATNAKAR | 2,651 |
| Mar 3, 2025 | Norwood Felicia F | 9,861 |
| Mar 3, 2025 | Kaye Mark | 3,874 |
| Mar 3, 2025 | Kendrick Charles Morgan JR | 8,752 |
| Jan 3, 2025 | Todt Blair Williams | 398 |
| Nov 1, 2024 | Haytaian Peter D | 5,448 |
| Nov 1, 2024 | Kendrick Charles Morgan JR | 2,556 |
| Oct 2, 2024 | Kaye Mark | 2,818 |
| May 15, 2024 | CLARK R KERRY | 388 |
| May 15, 2024 | HAY LEWIS III | 388 |
| May 15, 2024 | PERU RAMIRO G | 388 |
| May 15, 2024 | Tallett Elizabeth E | 388 |
| May 15, 2024 | STRABLE-SOETHOUT DEANNA D | 388 |
| May 15, 2024 | Schneider Ryan M. | 388 |
| May 15, 2024 | Dixon Robert L JR | 388 |
| May 15, 2024 | DeVore Susan D. | 388 |
| May 15, 2024 | Neri Antonio F | 388 |
| May 15, 2024 | Jallal Bahija | 388 |
| Apr 24, 2024 | Norwood Felicia F | 7,516 |
| Mar 4, 2024 | Haytaian Peter D | 15K |
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.
The chart, in numbers
| Flow | Shares |
|---|---|
| Granted | 88K |
| Vested / exercised | 1,531 |
| Bought on market | 6,725 |
| Withheld for tax | 19K |
| Discretionary sales | 5,273 |
| Kept | 71K |
Skin in the game
Directly held shares as reported after each trade, indexed to 100 at the start of the window, up to 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.
The chart, in numbers
| Insider | Start of the window | Latest reported | Indexed, start = 100 |
|---|---|---|---|
| BOUDREAUX GAIL | 122K | 172K | 140.6 |
| Norwood Felicia F | 23K | 39K | 167 |
| Kaye Mark | 20K | 32K | 158 |
| Haytaian Peter D | 23K | 27K | 119.9 |
Who holds what
the 14 largest holdings of 22| Insider | Role | Shares held | Buys 12 m | Sales 12 m | 12 m | Last trade |
|---|---|---|---|---|---|---|
| BOUDREAUX GAIL President and CEO Last trade Jul 17, 2026 | CEO | 170K | $1.0M | – | net buying over the year: 1 month buying, 0 months selling | Jul 17, 2026 |
| Norwood Felicia F EVP &Chief Health Benefits Ofr Last trade Apr 24, 2024 | Officer | 39K | – | – | Apr 24, 2024 | |
| Kaye Mark EVP & CFO Last trade Apr 24, 2025 | CFO | 32K | – | – | Apr 24, 2025 | |
| Haytaian Peter D EVP & Pres Carelon & CarelonRx Last trade Mar 4, 2024 | Officer | 27K | – | – | Mar 4, 2024 | |
| LAVU RATNAKAR EVP & Chief Digital Info Ofr | Officer | 16K | – | – | – | |
| Todt Blair Williams EVP, CLO & CAO Last trade Dec 14, 2023 | Officer | 16K | – | – | Dec 14, 2023 | |
| HAY LEWIS III | Director | 12K | – | – | – | |
| Kendrick Charles Morgan JR EVP & President, Commercial Last trade Mar 6, 2026 | Officer | 12K | – | $911K | net selling over the year: 0 months buying, 1 month selling | Mar 6, 2026 |
| PERU RAMIRO G Last trade Jul 17, 2026 | Director | 11K | $366K | – | net buying over the year: 1 month buying, 0 months selling | Jul 17, 2026 |
| Dixon Robert L JR Last trade Jun 11, 2026 | Director | 11K | – | $61K | net selling over the year: 0 months buying, 1 month selling | Jun 11, 2026 |
| Tallett Elizabeth E | Director | 10K | – | – | – | |
| CLARK R KERRY | Director | 9,640 | – | – | – | |
| Wessling Erin M EVP & Chief Legal Officer | Officer | 7,230 | – | – | – | |
| Schneider Ryan M. Last trade Jul 23, 2021 | Director | 7,163 | – | – | Jul 23, 2021 |
Open-market trade log
the 60 most recent of 1,419| Date | Insider | Type | Shares | Price | Value | Since trade | Filed |
|---|---|---|---|---|---|---|---|
| Jul 17, 2026 | PERU RAMIRO G (Director) 1,000 shares $366.05 +0.1% since trade filed Jul 17, 2026 | Open-market buy | 1,000 | $366.05 | $366K | +0.1% | Jul 17, 2026 |
| Jul 17, 2026 | BOUDREAUX GAIL (CEO) 680 shares $366.41 +0.0% since trade filed Jul 17, 2026 | Open-market buy | 680 | $366.41 | $249K | +0.0% | Jul 17, 2026 |
| Jul 17, 2026 | BOUDREAUX GAIL (CEO) 2,045 shares $368.25 −0.5% since trade filed Jul 17, 2026 | Open-market buy | 2,045 | $368.25 | $753K | −0.5% | Jul 17, 2026 |
| Jun 12, 2026 | Penczek Ronald W (Officer) 369 shares $403.16 −9.1% since trade filed Jun 15, 2026 | Discretionary sale | 369 | $403.16 | $149K | −9.1% | Jun 15, 2026 |
| Jun 11, 2026 | Dixon Robert L JR (Director) 151 shares $401.77 −8.8% since trade filed Jun 12, 2026 | Discretionary sale | 151 | $401.77 | $61K | −8.8% | Jun 12, 2026 |
| May 19, 2026 | Penczek Ronald W (Officer) 1,531 shares $403.13 −9.1% since trade filed May 20, 2026 | Discretionary sale | 1,531 | $403.13 | $617K | −9.1% | May 20, 2026 |
| Mar 12, 2026 | SCHULMAN AMY W (Director) 26 shares $287.50 +27.5% since trade filed Mar 23, 2026 late | Discretionary sale | 26 | $287.50 | $7K | +27.5% | Mar 23, 2026 late |
| Mar 6, 2026 | Kendrick Charles Morgan JR (Officer) 3,196 shares $284.92 +28.6% since trade filed Mar 9, 2026 | Discretionary sale | 3,196 | $284.92 | $911K | +28.6% | Mar 9, 2026 |
| Mar 5, 2026 | COLLIS STEVEN H (Director) 3,000 shares $289.84 +26.4% since trade filed Mar 6, 2026 | Open-market buy | 3,000 | $289.84 | $870K | +26.4% | Mar 6, 2026 |
| Aug 19, 2025 | DeVore Susan D. (Director) 1,200 shares $312.15 +17.4% since trade filed Aug 21, 2025 | Open-market buy | 1,200 | $312.15 | $375K | +17.4% | Aug 21, 2025 |
| Jul 18, 2025 | BOUDREAUX GAIL (CEO) 1,050 shares $287.96 +27.2% since trade filed Jul 18, 2025 | Open-market buy | 1,050 | $287.96 | $302K | +27.2% | Jul 18, 2025 |
| Jul 18, 2025 | BOUDREAUX GAIL (CEO) 2,334 shares $286.07 +28.1% since trade filed Jul 18, 2025 | Open-market buy | 2,334 | $286.07 | $668K | +28.1% | Jul 18, 2025 |
| Jul 18, 2025 | BOUDREAUX GAIL (CEO) 5,116 shares $287.12 +27.6% since trade filed Jul 18, 2025 | Open-market buy | 5,116 | $287.12 | $1.5M | +27.6% | Jul 18, 2025 |
| Apr 24, 2025 | Kaye Mark (CFO) 4,588 shares $424.82 −13.8% since trade filed Apr 25, 2025 | Discretionary sale | 4,588 | $424.82 | $1.9M | −13.8% | Apr 25, 2025 |
| Mar 10, 2025 | Penczek Ronald W (Officer) 443 shares $415.13 −11.7% since trade filed Mar 11, 2025 | Discretionary sale | 443 | $415.13 | $184K | −11.7% | Mar 11, 2025 |
| Mar 5, 2025 | Kendrick Charles Morgan JR (Officer) 3,504 shares $396.30 −7.5% since trade filed Mar 5, 2025 | Discretionary sale | 3,504 | $396.30 | $1.4M | −7.5% | Mar 5, 2025 |
| Oct 18, 2024 | Kendrick Charles Morgan JR (Officer) 7,417 shares $432.14 −15.2% since trade filed Oct 18, 2024 | Discretionary sale | 7,417 | $432.14 | $3.2M | −15.2% | Oct 18, 2024 |
| Aug 5, 2024 | PERU RAMIRO G (Director) 753 shares $531.52 −31.1% since trade filed Aug 6, 2024 | Planned sale (10b5-1) | 753 | $531.52 | $400K | −31.1% | Aug 6, 2024 |
| Jul 22, 2024 | BOUDREAUX GAIL (CEO) 1,000 shares $503.67 −27.3% since trade filed Jul 23, 2024 | Planned sale (10b5-1) | 1,000 | $503.67 | $504K | −27.3% | Jul 23, 2024 |
| Jul 22, 2024 | BOUDREAUX GAIL (CEO) 1,100 shares $498.50 −26.5% since trade filed Jul 23, 2024 | Planned sale (10b5-1) | 1,100 | $498.50 | $548K | −26.5% | Jul 23, 2024 |
| Jul 22, 2024 | BOUDREAUX GAIL (CEO) 2,250 shares $502.23 −27.0% since trade filed Jul 23, 2024 | Planned sale (10b5-1) | 2,250 | $502.23 | $1.1M | −27.0% | Jul 23, 2024 |
| Jul 22, 2024 | BOUDREAUX GAIL (CEO) 2,250 shares $504.27 −27.3% since trade filed Jul 23, 2024 | Planned sale (10b5-1) | 2,250 | $504.27 | $1.1M | −27.3% | Jul 23, 2024 |
| Jul 22, 2024 | BOUDREAUX GAIL (CEO) 6,621 shares $501.40 −26.9% since trade filed Jul 23, 2024 | Planned sale (10b5-1) | 6,621 | $501.40 | $3.3M | −26.9% | Jul 23, 2024 |
| Jul 22, 2024 | BOUDREAUX GAIL (CEO) 21K shares $500.36 −26.8% since trade filed Jul 23, 2024 | Planned sale (10b5-1) | 21K | $500.36 | $10M | −26.8% | Jul 23, 2024 |
| Jul 19, 2024 | Dixon Robert L JR (Director) 305 shares $506.76 −27.7% since trade filed Jul 22, 2024 | Discretionary sale | 305 | $506.76 | $155K | −27.7% | Jul 22, 2024 |
| Apr 24, 2024 | Norwood Felicia F (Officer) 2,765 shares $532.14 −31.1% since trade filed Apr 25, 2024 | Discretionary sale | 2,765 | $532.14 | $1.5M | −31.1% | Apr 25, 2024 |
| Apr 24, 2024 | Norwood Felicia F (Officer) 3,434 shares $532.68 −31.2% since trade filed Apr 25, 2024 | Discretionary sale | 3,434 | $532.68 | $1.8M | −31.2% | Apr 25, 2024 |
| Apr 23, 2024 | Norwood Felicia F (Officer) 100 shares $534.74 −31.5% since trade filed Apr 25, 2024 | Discretionary sale | 100 | $534.74 | $53K | −31.5% | Apr 25, 2024 |
| Apr 23, 2024 | Norwood Felicia F (Officer) 14K shares $533.73 −31.4% since trade filed Apr 25, 2024 | Discretionary sale | 14K | $533.73 | $7.5M | −31.4% | Apr 25, 2024 |
| Mar 8, 2024 | Kendrick Charles Morgan JR (Officer) 2,432 shares $500.46 −26.8% since trade filed Mar 12, 2024 | Discretionary sale | 2,432 | $500.46 | $1.2M | −26.8% | Mar 12, 2024 |
| Mar 6, 2024 | Penczek Ronald W (Officer) 916 shares $504.58 −27.4% since trade filed Mar 8, 2024 | Discretionary sale | 916 | $504.58 | $462K | −27.4% | Mar 8, 2024 |
| Mar 4, 2024 | Haytaian Peter D (Officer) 1,889 shares $500.18 −26.7% since trade filed Mar 5, 2024 | Planned sale (10b5-1) | 1,889 | $500.18 | $945K | −26.7% | Mar 5, 2024 |
| Mar 4, 2024 | Haytaian Peter D (Officer) 4,206 shares $500.18 −26.7% since trade filed Mar 5, 2024 | Planned sale (10b5-1) | 4,206 | $500.18 | $2.1M | −26.7% | Mar 5, 2024 |
| Mar 4, 2024 | Haytaian Peter D (Officer) 15K shares $500.18 −26.7% since trade filed Mar 5, 2024 | Planned sale (10b5-1) | 15K | $500.18 | $7.5M | −26.7% | Mar 5, 2024 |
| Feb 7, 2024 | PERU RAMIRO G (Director) 753 shares $500.00 −26.7% since trade filed Feb 9, 2024 | Planned sale (10b5-1) | 753 | $500.00 | $377K | −26.7% | Feb 9, 2024 |
| Dec 14, 2023 | Todt Blair Williams (Officer) 5,492 shares $484.02 −24.3% since trade filed Dec 15, 2023 | Discretionary sale | 5,492 | $484.02 | $2.7M | −24.3% | Dec 15, 2023 |
| Nov 30, 2023 | Penczek Ronald W (Officer) 1,055 shares $475.17 −22.9% since trade filed Dec 1, 2023 | Discretionary sale | 1,055 | $475.17 | $501K | −22.9% | Dec 1, 2023 |
| Oct 24, 2023 | Penczek Ronald W (Officer) 64 shares $454.35 −19.4% since trade filed Oct 26, 2023 | Discretionary sale | 64 | $454.35 | $29K | −19.4% | Oct 26, 2023 |
| Jul 21, 2023 | Dixon Robert L JR (Director) 310 shares $476.71 −23.1% since trade filed Jul 21, 2023 | Discretionary sale | 310 | $476.71 | $148K | −23.1% | Jul 21, 2023 |
| Mar 24, 2023 | MCCARTHY GLORIA M (Officer) 500 shares $442.02 −17.1% since trade filed Mar 27, 2023 | Planned sale (10b5-1) | 500 | $442.02 | $221K | −17.1% | Mar 27, 2023 |
| Mar 24, 2023 | MCCARTHY GLORIA M (Officer) 600 shares $440.78 −16.9% since trade filed Mar 27, 2023 | Planned sale (10b5-1) | 600 | $440.78 | $264K | −16.9% | Mar 27, 2023 |
| Mar 24, 2023 | MCCARTHY GLORIA M (Officer) 1,800 shares $443.27 −17.3% since trade filed Mar 27, 2023 | Planned sale (10b5-1) | 1,800 | $443.27 | $798K | −17.3% | Mar 27, 2023 |
| Mar 24, 2023 | MCCARTHY GLORIA M (Officer) 3,000 shares $444.33 −17.5% since trade filed Mar 27, 2023 | Planned sale (10b5-1) | 3,000 | $444.33 | $1.3M | −17.5% | Mar 27, 2023 |
| Mar 24, 2023 | MCCARTHY GLORIA M (Officer) 3,625 shares $446.06 −17.9% since trade filed Mar 27, 2023 | Planned sale (10b5-1) | 3,625 | $446.06 | $1.6M | −17.9% | Mar 27, 2023 |
| Mar 24, 2023 | MCCARTHY GLORIA M (Officer) 5,573 shares $445.30 −17.7% since trade filed Mar 27, 2023 | Planned sale (10b5-1) | 5,573 | $445.30 | $2.5M | −17.7% | Mar 27, 2023 |
| Mar 9, 2023 | Kendrick Charles Morgan JR (Officer) 2,314 shares $462.22 −20.7% since trade filed Mar 13, 2023 | Discretionary sale | 2,314 | $462.22 | $1.1M | −20.7% | Mar 13, 2023 |
| Jun 9, 2022 | Kendrick Charles Morgan JR (Officer) 206 shares $491.39 −25.4% since trade filed Jun 13, 2022 | Discretionary sale | 206 | $491.39 | $101K | −25.4% | Jun 13, 2022 |
| Jun 9, 2022 | Kendrick Charles Morgan JR (Officer) 522 shares $490.83 −25.4% since trade filed Jun 13, 2022 | Discretionary sale | 522 | $490.83 | $256K | −25.4% | Jun 13, 2022 |
| Jun 9, 2022 | Kendrick Charles Morgan JR (Officer) 784 shares $489.49 −25.1% since trade filed Jun 13, 2022 | Discretionary sale | 784 | $489.49 | $384K | −25.1% | Jun 13, 2022 |
| Jun 9, 2022 | Kendrick Charles Morgan JR (Officer) 2,200 shares $487.45 −24.8% since trade filed Jun 13, 2022 | Discretionary sale | 2,200 | $487.45 | $1.1M | −24.8% | Jun 13, 2022 |
| Jun 9, 2022 | Kendrick Charles Morgan JR (Officer) 2,616 shares $488.64 −25.0% since trade filed Jun 13, 2022 | Discretionary sale | 2,616 | $488.64 | $1.3M | −25.0% | Jun 13, 2022 |
| Jun 6, 2022 | Dixon Robert L JR (Director) 420 shares $497.14 −26.3% since trade filed Jun 7, 2022 | Discretionary sale | 420 | $497.14 | $209K | −26.3% | Jun 7, 2022 |
| May 19, 2022 | PERU RAMIRO G (Director) 990 shares $468.88 −21.9% since trade filed May 20, 2022 | Discretionary sale | 990 | $468.88 | $464K | −21.9% | May 20, 2022 |
| Mar 10, 2022 | Haytaian Peter D (Officer) 40 shares $463.40 −20.9% since trade filed Mar 14, 2022 | Discretionary sale | 40 | $463.40 | $19K | −20.9% | Mar 14, 2022 |
| Mar 10, 2022 | Haytaian Peter D (Officer) 1,240 shares $462.73 −20.8% since trade filed Mar 14, 2022 | Discretionary sale | 1,240 | $462.73 | $574K | −20.8% | Mar 14, 2022 |
| Mar 10, 2022 | Haytaian Peter D (Officer) 2,170 shares $458.68 −20.1% since trade filed Mar 14, 2022 | Discretionary sale | 2,170 | $458.68 | $995K | −20.1% | Mar 14, 2022 |
| Mar 10, 2022 | Haytaian Peter D (Officer) 4,105 shares $460.68 −20.5% since trade filed Mar 14, 2022 | Discretionary sale | 4,105 | $460.68 | $1.9M | −20.5% | Mar 14, 2022 |
| Mar 10, 2022 | Haytaian Peter D (Officer) 4,274 shares $459.75 −20.3% since trade filed Mar 14, 2022 | Discretionary sale | 4,274 | $459.75 | $2.0M | −20.3% | Mar 14, 2022 |
| Mar 10, 2022 | Haytaian Peter D (Officer) 5,874 shares $461.72 −20.6% since trade filed Mar 14, 2022 | Discretionary sale | 5,874 | $461.72 | $2.7M | −20.6% | Mar 14, 2022 |
| Mar 3, 2022 | Penczek Ronald W (Officer) 2,423 shares $463.68 −21.0% since trade filed Mar 3, 2022 | Discretionary sale | 2,423 | $463.68 | $1.1M | −21.0% | Mar 3, 2022 |
“Since trade” compares with the latest insider-implied price, not a market quote: these pages are built from filings alone. A role here is the one on that day's Form 4, so somebody promoted since appears under both titles.
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.