Three Lincare execs reap millions in deal

Friday, March 31, 2006

CLEARWATER, Fla. - A pre-arranged trading plan set up in 2004 has allowed three Lincare execs to sell 1.9 million shares of company stock and, over two years, collect a combined $57.8 million in net proceeds. Through the plan, Chairman and CEO John Byrnes, President and COO Shawn Schabel and CFO Paul Gabos bought stock at lower prices and then turned around and sold them at higher prices, the Tampa Bay Business Journal reported Feb. 19. The plan was conducted from April 2004 to December 2005.