Form 4: Corvel Corp Director V. Gordon Clemons Reports Gift of Shares to Charitable Remainder Unitrusts

V. Gordon Clemons, Chairman of the Board at Corvel Corp, reported gifting 66,000 shares of common stock held in a revocable trust to two charitable remainder unitrusts.

Summary

• V. Gordon Clemons, Chairman of the Board at Corvel Corp, filed a Form 4 detailing changes in beneficial ownership.
• On September 13, 2024, the Gordon Clemons Revocable Declaration of Trust gifted 33,000 shares of Corvel Corp common stock to the Victor Gordon Clemons, Sr. Charitable Remainder Unitrust FBO Victor Gordon Clemons, Jr.
• An additional 33,000 shares were gifted to the Victor Gordon Clemons, Sr. Charitable Remainder Unitrust FBO Anne Marie Thomas.
• Following these transactions, Clemons indirectly owns 867,492 shares through the Gordon Clemons Trust and 266,584 shares through a spouse's living trust.
• Clemons disclaims beneficial ownership of the shares held in the spouse's living trust except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a gift of shares. It doesn't inherently convey positive or negative sentiment regarding the company's performance or outlook.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider and doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The gifts to charitable remainder unitrusts may have a minor impact on the ownership structure of Corvel Corp.

Key Dates