Longtime Cerner CFO cashes in with seven-figure stock transaction

Posted on: Wednesday, February 12, 2020 By: KorchekStaff

Marc Naughton, who ranks among the longest-serving CFOs at the nation's biggest U.S. companies, just sold lots of Cerner Corp. stock.

Naughton, who has served as the North Kansas City-based health IT company's top financial executive since 1995 and as an executive vice president since 2010, sold 176,000 shares of Cerner stock (Nasdaq: CERN), which is worth about $13.93 million.

According to a Friday filing with the Securities and Exchange Commission, the 176,000 shares were obtained by exercising options that he had been granted.

He still directly owns about 99,599 shares of Cerner stock, which is worth about $7.86 million. He also has been awarded options for another 386,100 shares at various exercise prices.

Naughton joined Cerner as a finance executive in 1992 and is one of three C-suite occupants that is still with the company since Brent Shafer took over as CEO in February 2018. He was honored as a CFO of the Year by the Kansas City Business Journal in 2015.

Naughton ranked No. 23 on the Business Journal's Highest-Paid Public Company Executives List in 2019, with $3.35 million in total compensation.

In June, former Cerner COO Mike Nill sold 85.2% of the company's stock for $16.94 million. Five months later, Nill announced his departure from the company. He officially left Jan. 10.