Form 4: Corvel Corp CFO Brandon O'Brien Reports Stock Option Exercise and Share Disposals

Corvel Corp's CFO, Brandon O'Brien, executed a stock option, acquired shares, and subsequently disposed of some shares to cover the exercise price and tax obligations.

Summary

• On August 29, 2024, Brandon O'Brien, CFO of Corvel Corp, exercised a non-qualified stock option to acquire 400 shares of common stock at a price of $87.69 per share.
• Following the exercise, O'Brien disposed of 109 shares and 268 shares to cover the option exercise price and tax liability.
• The disposals were executed at a price of $320 per share.
• After these transactions, O'Brien directly owns 6,525 shares of Corvel Corp common stock.
• O'Brien also holds 1,000 non-qualified stock options.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment.

Future Outlook

The option will vest based on achievement of certain performance criteria relating to earnings growth.

Industry Context

This 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 minor impact on shareholders as they involve a small number of shares relative to the company's total outstanding shares.

Key Dates