HERMAN JOAN E

CIK: 0001248398
Primary company: WELLPOINT INC (WLP)

HERMAN JOAN E is a corporate insider at WELLPOINT INC (WLP) filing SEC Form 4 transactions. 378 transactions across 6 companies, totaling $35,278 in purchases and $76,010,397 in sales. Source: SEC EDGAR.

AI Insider Summary

Joan E. Herman's Encompass Health director grants have crept up in near-lockstep since mid-2024: 80, then 81, 83, 85, 87, 73, 74, 76, 80, 81, 85 shares — small, quarterly, dividend-equivalent awards that barely move quarter to quarter, the routine mechanics of board compensation rather than any signal. Her real activity sits at Ionis Pharmaceuticals, where a laddered options-exercise-and-sale pattern reveals the stock's trajectory: strikes at $40.05 and $63.90 exercised against an open-market sale at $72.13 in November 2025, followed by a new award priced at $79.19 in July 2026 — a roughly 10% climb over eight months, read entirely through routine, non-discretionary transactions.

A real price trail hidden in Ionis option exercises

The more informative activity sits at Ionis Pharmaceuticals, where Herman's routine option exercises carry embedded strike prices that trace the stock's recent path. On November 19, 2025, she exercised options at two different strikes — $63.90 and $40.05 — and sold 44,000 shares the same day at $72.1325, a same-day cashless-exercise pattern typical of scheduled option expirations rather than a timed bet. By July 1, 2026, a fresh award was priced at $79.19 — roughly 10% above the November sale price, suggesting a real, if modest, climb in Ionis shares over that eight-month span.

Total Transactions
378
Total Buy Value
$35K
Total Sell Value
$76.01M
Net Activity
$-75.98M
Last Transaction
Jul 2026
Companies
6

Companies

Transaction History

Source: SEC EDGAR Form 4 insider transaction filings.

Type
Exercise
Shares
5,220
Price
-
Value
-
Type
Exercise
Shares
5,220
Price
-
Value
-
Type
Award
Shares
85
Price
-
Value
-
Type
Award
Shares
2,301
Price
-
Value
-
Type
Award
Shares
5,369
Price
$79.19
Value
$425K
Type
Award
Shares
1,634
Price
-
Value
-
Type
Award
Shares
85
Price
-
Value
-
Type
Award
Shares
87
Price
-
Value
-
Type
Exercise
Shares
32,000
Price
-
Value
-
Type
Exercise
Shares
12,000
Price
-
Value
-
Type
Sale
Shares
32,000
Price
$72.13
Value
$2.31M
Type
Exercise
Shares
32,000
Price
$63.90
Value
$2.04M
Type
Sale
Shares
12,000
Price
$72.13
Value
$866K
Type
Exercise
Shares
12,000
Price
$40.05
Value
$481K
Type
Award
Shares
73
Price
-
Value
-
Type
Exercise
Shares
4,079
Price
-
Value
-
Type
Exercise
Shares
4,079
Price
-
Value
-
Type
Award
Shares
74
Price
-
Value
-
Type
Award
Shares
5,220
Price
-
Value
-
Type
Award
Shares
11,518
Price
-
Value
-