Form 4: Corvel Corp Director Jeffrey Michael Acquires Stock Options
SEC Form 4 Filing
Director Jeffrey Michael acquired 500 non-qualified stock options in Corvel Corp on August 1, 2024.
Summary
- On August 1, 2024, Jeffrey Michael, a director and 10% owner of Corvel Corp, acquired 500 non-qualified stock options.
- The exercise price of these options is $306.82.
- The options become 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, Jeffrey Michael directly owns 500 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a standard insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company directors and officers. It allows investors to monitor the buying and selling activity of those with inside knowledge of the company.
Stakeholder Impact
- The acquisition of stock options by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of transaction: Jeffrey Michael acquired 500 non-qualified stock options. |
| 08/01/2024 | Date of grant: Non-Qualified Stock Option (right to buy). |
| 08/01/2034 | Expiration date of the stock options. |
| 08/05/2024 | Date of signature on the Form 4 filing. |
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