Form 4: Corvel Corp Director V. Gordon Clemons Reports Changes in Beneficial Ownership

V. Gordon Clemons, Chairman of the Board at Corvel Corp, reports changes in beneficial ownership of common stock due to gifts and a transfer to a charitable remainder trust.

Summary

• V. Gordon Clemons, Chairman of the Board at Corvel Corp, filed a Form 4 detailing changes in his beneficial ownership of Corvel Corp common stock.
• On March 13, 2024, the Gordon Clemons Revocable Declaration of Trust made gifts of 1,500 shares each to The Anne Marie Clemons 2012 IR TR Anne Marie Thomas TTEE and MC Exempt V Gordon Clemons 2020 Gift TR Victor Gordon Clemons TTEE.
• Also on March 13, 2024, the Marie Eve Clemons Living Trust transferred 41,950 shares of common stock to the Marie Clemons 2024 Charitable Remainder Trust.
• Clemons disclaims beneficial ownership of the shares transferred to the Marie Clemons 2024 Charitable Remainder Trust except to the extent of his pecuniary interest.
• 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 routine regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Key Dates