Form 4: Corvel Corp Director Jean Macino Executes Stock Options and Disposes of Shares
SEC Form 4 Filing
Director Jean Macino exercised stock options and disposed of shares of Corvel Corp on July 25, 2024.
Summary
- On July 25, 2024, Jean Macino, 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, Macino disposed of 402 shares to cover the option exercise price and tax liability at a price of $302.08.
- After these transactions, Macino directly owns 16,758 shares of Corvel Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions 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 trading activities of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 07/25/2024 | Date of stock option exercise and share disposal. |
| 07/29/2024 | Date of signature on the Form 4 filing. |
| 08/04/2024 | Expiration date of the non-qualified stock option. |
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