Sunday, October 4, 2015
Paul Diaz Gives Away Roughly 25% of his KND Stock
Speaking of the lottery. Longtime Kindred President Paul Diaz stepped away from day to day responsibilities in March, elevating to Vice Chairman of Kindred's Board. Last week Diaz gave away over 100,000 of his 400,000 shares of Kindred stock to an unknown entity. On September 25th the gift was worth over $1.9 million. The filing did not indicate if Diaz gave the stock to a relative or a nonprofit, like the University of Louisville where Diaz sits on the Board of Trustees.
The timing may be coincidental but two top Kindred leaders sold or gave away millions in stock in the last few weeks. Kindred's stock happened to take a beating over this period, down some 25%. Trading volume soared as well as the third quarter came to a close. We live in interesting times.
Anonymous (from Gendred, a Gentiva-Kindred company)