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  "documentTitle": "Stryker Corp. (SYK)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-04-06 00:00:00",
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  "pageNumber": 168,
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  "density": "dense",
  "nDataPoints": 64,
  "notes": "The slide highlights a contradiction between the company's share count trends and the family's selling behavior.",
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      "kind": "callout",
      "text": "After a period of first reducing the total share count and then holding it steady, we see that Stryker's total shares outstanding are now starting to creep higher. Furthermore, family matriarch Ronda Stryker is increasing share sales along with Greenleaf Trust which manages family shares. Mrs. Stryker is married to William Johnston, the chairman of Greenleaf Trust.",
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      "text": "Notice shares are increasing in recent years and diluting family holdings",
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      "kind": "callout",
      "text": "After a period of first reducing the total share count and then holding it steady, we see that Stryker's total shares outstanding are now starting to creep higher. Furthermore, family matriarch Ronda Stryker is increasing share sales along with Greenleaf Trust which manages family shares.",
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      "text": "Family Ownership %: 11.3%",
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      "text": "Source: Stryker's proxy statements 2015-2022",
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      "text": "Stryker Family Ownership Trends table showing holdings, annual sales, and % of total for Ronda Stryker and Greenleaf Trust from 2015-2022.",
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      "text": "Follow The Family Money",
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