Form 4: Corvel Corp Director V. Gordon Clemons Gifts Shares to Trusts

V. Gordon Clemons, Chairman of the Board at Corvel Corp, reports gifting 6,000 shares each to two separate trusts on June 6, 2024.

Summary

• On June 6, 2024, V. Gordon Clemons, Chairman of the Board at Corvel Corp, gifted 6,000 shares of common stock to The Anne Marie Clemons 2012 IR TR Anne Marie Thomas TTEE.
• He also gifted 6,000 shares to MC Exempt V Gordon Clemons 2020 Gift TR Victor Gordon Clemons TTEE on the same date.
• The reporting person disclaims beneficial ownership of the shares held by both the Anne Marie Thomas TTEE and the Victor Gordon Clemons TTEE.
• Following these transactions, Clemons indirectly owns 894,030 shares as trustee of the Gordon Clemons Revocable Declaration of Trust.
• An administrative error was corrected, clarifying that shares previously reported as directly owned by Clemons have been held by the Gordon Clemons Trust since August 2, 2018.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure of stock ownership changes by a company insider, as required by the SEC. It doesn't necessarily reflect a change in the company's prospects but rather personal financial planning by the executive.

Stakeholder Impact

• The gifts do not appear to have a material impact on stakeholders.

Key Dates