Form 4: Corvel Corp CFO Brandon O'Brien Acquires Stock Options
SEC Form 4 Filing
Chief Financial Officer of Corvel Corp, Brandon O'Brien, reports acquisition of non-qualified stock options.
Summary
- On May 16, 2024, Brandon O'Brien, the Chief Financial Officer of Corvel Corp, acquired 250 non-qualified stock options with an exercise price of $270.25.
- These options are exercisable as to 25% of the shares one year following the grant date, with the remaining shares exercisable in 36 equal monthly installments thereafter.
- Following the transaction, O'Brien directly owns 250 derivative securities.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard executive compensation transaction.
Industry Context
This is a routine disclosure of stock option grants to a company executive, which is a common practice in corporate compensation.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment as it aligns executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Brandon O'Brien acquired stock options. |
| 05/16/2029 | Expiration date of the non-qualified stock options. |
| 05/20/2024 | Date of signature on the Form 4 filing. |
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