Form 4: Corvel Corp Executive Maxim Shishin Acquires Stock Options
SEC Form 4 Filing
Maxim Shishin, Chief Information Officer of Corvel Corp, reports acquisition of stock options.
Summary
- On May 16, 2024, Maxim Shishin, the Chief Information Officer of Corvel Corp, acquired 500 non-qualified stock options with an exercise price of $270.25.
- These options become exercisable as to 25% of the shares one year after the grant date, with the remaining shares vesting in 36 equal monthly installments.
- Following this transaction, Shishin directly owns 500 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.
Stakeholder Impact
- The acquisition of stock options by a company executive can be seen as a positive sign by shareholders, as it aligns the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Maxim Shishin acquired stock options. |
| 05/16/2029 | Expiration date of the non-qualified stock options. |
| 05/20/2024 | Date of signature on the Form 4 filing. |
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