Form 4: Corvel Corp CFO Brandon O'Brien Executes Stock Option and Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Chief Financial Officer of Corvel Corp, Brandon O'Brien, exercised stock options and disposed of shares to cover the exercise price and tax liabilities on April 3, 2025.
Summary
- On April 3, 2025, Brandon O'Brien, the Chief Financial Officer of Corvel Corp, exercised a non-qualified stock option to purchase 500 shares of common stock at a price of $29.23.
- Following the exercise, O'Brien disposed of 131 shares and 340 shares of common stock at $111.12 per share to cover the option exercise price and tax liability.
- After these transactions, O'Brien directly owns 15,683 shares of Corvel Corp common stock and holds options for 750 shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports standard insider trading activity related to stock options and tax obligations.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/03/2025 | Date of earliest transaction: stock option exercise and share disposal. |
| 04/03/2025 | Stock option exercise date. |
| 04/03/2025 | Share disposal date for tax liability. |
| 04/07/2025 | Signature date of the reporting person. |
| 11/05/2025 | Expiration date of the non-qualified stock option. |
Keywords
Form 4, Stock Options, Insider Trading, Corvel Corp, CRVL, Brandon O'Brien, CFO, Securities, Beneficial Ownership
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