Form 4: SEI Investments CEO Ryan Hicke Executes Stock Option and Reports Beneficial Ownership
SEC Form 4 Filing
SEI Investments CEO Ryan Hicke exercised an option to purchase 10,000 shares of common stock at $40.64 on August 22, 2024, and updated his beneficial ownership.
Summary
- On August 22, 2024, Ryan Hicke, the CEO of SEI Investments Co, exercised an option to purchase 10,000 shares of SEIC common stock at a price of $40.64 per share.
- This transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Hicke directly owns 147,608.77 shares of SEIC common stock.
- The filing also includes a Power of Attorney document, effective October 30, 2023, authorizing several individuals to act on Hicke's behalf for SEC filings related to SEI Investments Company.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock option exercise and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 12/31/2017 | Date exercisable for option to purchase common stock |
| 10/30/2023 | Date of Power of Attorney execution |
| 12/09/2024 | Expiration date for option to purchase common stock |
| 08/22/2024 | Date of stock option exercise |
| 08/23/2024 | Date of Form 4 signature |
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