Form 4: SEI Investments Chairman Emeritus Sells Shares for Tax
Insider Transaction Report
Alfred P. West Jr., Chairman Emeritus of SEI Investments, reported a disposition of 3,482 common shares for tax purposes under a Rule 10b5-1 plan.
Summary
- Alfred P. West Jr., Chairman Emeritus of SEI Investments Co. (SEIC), reported a transaction involving the company's common stock.
- On January 1, 2026, West disposed of 3,482 shares of common stock.
- The transaction was coded as 'F', indicating a payment of tax liability by delivering or withholding securities incident to the vesting of a restricted stock award or the exercise of a stock option.
- The shares were disposed of at a price of $82.02 per share.
- This transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
- Following this transaction, West directly beneficially owns 6,938,230 shares of common stock.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax purposes, executed under a Rule 10b5-1 plan. This is neutral in its implications for the company's operational performance or strategic direction.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing reports a routine insider transaction for tax purposes and does not provide information related to broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization for SEC Filings | Alfred P. West, Jr. granted a Power of Attorney to several individuals (Michael Peterson, John Munch, Lindsay Barci, Diane Gallagher, Bridget Garvey, and Venita Knight) to execute and file Forms 3, 4, and 5 on his behalf, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. | 11/17/2023 | Streamlines compliance for insider reporting requirements for Alfred P. West, Jr. and ensures timely and accurate filings. |
Stakeholder Impact
- Shareholders: Minimal impact, as this is a routine, pre-planned tax-related sale by a Chairman Emeritus who retains a substantial ownership stake.
Key Dates
| Date | Description |
|---|---|
| 11/17/2023 | Power of Attorney granted by Alfred P. West, Jr. to facilitate SEC filings. |
| 01/01/2026 | Date of common stock disposition by Alfred P. West, Jr. |
| 01/02/2026 | Signature date for the Form 4 filing. |
Recommendation
holdThe Form 4 filing details a routine disposition of shares by the Chairman Emeritus for tax liability purposes, executed under a Rule 10b5-1 plan. This type of transaction is not indicative of a change in the company's fundamental performance or strategic outlook and therefore does not warrant a change from a 'hold' recommendation based solely on this filing.
Keywords
SEI Investments, SEIC, Insider Trading, Form 4, Stock Sale, Alfred P. West Jr., Chairman Emeritus, Rule 10b5-1
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