Form 4: Corvel Corp Director Acquires Stock Options
SEC Form 4
Gordon Clemons, Chairman of the Board at Corvel Corp, reports acquisition of non-qualified stock options.
Summary
- On August 1, 2024, Gordon Clemons, Chairman of the Board at Corvel Corp, acquired 750 non-qualified stock options at a price of $0.0.
- The exercise price of the options is $306.82.
- The options are exercisable in four equal annual installments starting 12 months after the grant date.
- The expiration date for these options is August 1, 2034.
- Following the transaction, Clemons directly owns 750 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing the acquisition of stock options by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and directors.
Stakeholder Impact
- The acquisition of stock options by a director can be seen as a positive sign by shareholders, indicating confidence in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of transaction: acquisition of stock options |
| 08/01/2024 | Grant date of non-qualified stock options |
| 08/01/2034 | Expiration date of non-qualified stock options |
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