Form 4: Director McCarthy's SEIC Stock Tax Withholding
Insider Transaction Report
SEI Investments Director Kathryn McCarthy reported a late filing for 24 shares withheld to cover tax obligations from RSU vesting.
Summary
- Kathryn McCarthy, a Director of SEI Investments Co (SEIC), reported the disposition of 24 shares of common stock.
- The transaction occurred on December 5, 2025, at a price of $81.25 per share.
- These shares were withheld to satisfy tax obligations upon the vesting of Restricted Stock Units (RSUs).
- Following this transaction, McCarthy beneficially owns 77,883 shares of SEIC common stock.
- The filing explicitly states that this transaction was inadvertently not reported on a timely basis.
Sentiment
Score: 4
Explanation: The transaction itself (tax withholding from RSU vesting) is neutral to slightly positive as it indicates RSU vesting. However, the explicit mention of an untimely filing is a negative compliance flag, slightly lowering the overall sentiment.
Positives
- The transaction indicates the vesting of Restricted Stock Units (RSUs), which is a form of compensation for the director.
- The director retains a significant beneficial ownership of 77,883 shares in the company.
Negatives
- The transaction was inadvertently not reported on a timely basis, indicating a compliance oversight.
Risks
- Risk of non-compliance with SEC reporting requirements due to the untimely filing.
Future Outlook
N/A
Industry Context
This is a routine insider transaction filing (Form 4) for a director's tax withholding related to RSU vesting. It does not provide broader industry context or trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Kathryn McCarthy granted a Power of Attorney to several individuals, including Diane Gallagher, to execute and file Forms 3, 4, and 5 on her behalf, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. | 11/15/2023 | Enhances efficiency and ensures timely filing of insider transaction reports, although this specific filing was still late. |
Stakeholder Impact
- Minimal impact on shareholders as it's a small, routine tax-related transaction by a director.
- Indicates a minor compliance oversight which could be a concern for regulatory bodies, but the impact is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 11/15/2023 | Date Power of Attorney was executed by Kathryn McCarthy. |
| 12/05/2025 | Date of the reported transaction where shares were withheld for tax obligations. |
| 12/29/2025 | Date the Form 4 was signed and filed. |
Recommendation
holdThis Form 4 reports a routine tax withholding from RSU vesting, which is a common occurrence for directors. While the late filing is a minor compliance issue, it does not fundamentally alter the investment thesis for SEIC. The transaction volume is small (24 shares) and does not suggest any significant change in the director's confidence or the company's prospects. Therefore, a 'hold' recommendation is appropriate as this filing provides no new material information to warrant a change in investment strategy.
Keywords
SEIC, Kathryn McCarthy, Form 4, Insider Transaction, Stock Sale, Tax Withholding, RSU Vesting, Director, SEI Investments
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