Form 4: Corvel Corp Director Alan Hoops Exercises Options and Disposes of Shares
SEC Form 4
Director Alan Hoops exercised stock options and disposed of shares of Corvel Corp on July 24, 2024.
Summary
- On July 24, 2024, Alan Hoops, a director of Corvel Corp, exercised non-qualified stock options to acquire 3,000 shares of common stock at a price of $40.57 per share.
- Following the exercise, 406 shares were disposed of to cover the option exercise price and/or tax liability at a price of $299.28.
- After these transactions, Hoops directly owns 11,096 shares and indirectly owns 51,671 shares through the Hoops Irrevocable Trust.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock option exercises and share disposals, with no inherent 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 trading activities of company directors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 07/24/2024 | Date of transaction: Alan Hoops exercised stock options and disposed of shares. |
| 07/26/2024 | Date of signature on the Form 4 filing. |
| 08/04/2024 | Expiration date of the non-qualified stock option. |
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