Form 4: Corvel Corp Executive Acquires 2,000 Stock Options
SEC Form 4 Filing
Mark E. Bertels, EVP at Corvel Corp, reports the acquisition of 2,000 non-qualified stock options.
Summary
- On May 15, 2025, Mark E. Bertels, an Executive Vice President at Corvel Corp, acquired 2,000 non-qualified stock options.
- The exercise price of these options is $110.03.
- The options become exercisable as to 25% of the shares one year after the grant date, with the remaining shares exercisable in 36 equal monthly installments.
- The expiration date for these options is May 15, 2030.
- Following this transaction, Bertels directly owns 2,000 derivative securities.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it simply reports a transaction. The grant of options could be seen as a positive sign of confidence, but it's a routine part of executive compensation.
Positives
- The acquisition of stock options by an executive may indicate confidence in the company's future performance.
Future Outlook
There is no specific future outlook provided in this document.
Industry Context
This is a standard Form 4 filing, reflecting a common practice of granting stock options to executives as part of their compensation package. It's typical for companies to use stock options to align executive interests with shareholder value.
Comparison to Industry Standards
- Stock option grants are a common component of executive compensation packages in publicly traded companies.
- The vesting schedule of 25% after one year and the remainder in 36 monthly installments is a fairly standard vesting schedule.
- Companies like UnitedHealth Group (UNH) and CVS Health (CVS) also utilize stock options as part of their executive compensation, with similar vesting schedules.
Stakeholder Impact
- The granting of stock options can align the interests of management with those of shareholders, potentially leading to increased shareholder value.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of transaction: Mark Bertels acquired 2,000 non-qualified stock options. |
| 05/15/2025 | Grant date of the options. |
| 05/15/2026 | 25% of shares become exercisable one year following grant date. |
| 05/15/2030 | Expiration date of the options. |
| 05/19/2025 | Date of signature for the Form 4 filing. |
Keywords
stock options, Form 4, executive compensation, Corvel Corp, CRVL, Mark Bertels, derivative securities, insider trading
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