Form 4: SEI Investments Director Acquires Restricted Stock Units

SEI Investments director Thomas C. Naratil reported the acquisition of 2,266 common stock shares as restricted stock units, effective December 12, 2025.

Summary

• Thomas C. Naratil, a director of SEI Investments Company (SEIC), reported the acquisition of 2,266 shares of common stock.
• The transaction date for this acquisition is December 12, 2025.
• These shares were received as restricted stock units (RSUs) as compensation for service on the Company's Board of Directors and are subject to vesting.
• Following this transaction, Naratil will beneficially own 4,342 shares of common stock directly.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 6

Explanation: Slightly positive. The acquisition of shares by a director, even if restricted, generally signals confidence and aligns interests. The transaction is routine and pre-planned, reducing any surprise element.

Positives

• Director Thomas C. Naratil's acquisition of 2,266 shares aligns his interests with those of shareholders, demonstrating confidence in the company's future.
• The transaction is part of a pre-arranged plan (Rule 10b5-1(c)), indicating a structured approach to director compensation and insider trading compliance.

Negatives

• The acquired shares are Restricted Stock Units (RSUs) and are subject to vesting, meaning they are not immediately liquid or fully owned until vesting conditions are met.

Risks

• The value of the acquired restricted stock units is subject to the future performance of SEI Investments Company's common stock and the fulfillment of vesting conditions.

Future Outlook

The filing indicates a future transaction date of December 12, 2025, for the acquisition of restricted stock units, suggesting a pre-planned compensation event.

Industry Context

This is a routine insider transaction filing for director compensation, common across publicly traded companies, reflecting standard corporate governance practices for aligning director incentives with shareholder value.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as director compensation is a common practice in the financial services industry, aligning with typical executive and board remuneration structures.
• The disclosure of this transaction via Form 4, including the Rule 10b5-1(c) election, adheres to SEC regulations for insider trading, consistent with compliance standards observed by peers like BlackRock (BLK) or Vanguard.

Corporate Governance

Related Party Transactions

• The acquisition of restricted stock units by Director Thomas C. Naratil constitutes compensation for his service on the Board of Directors, which is a related party transaction.

Stakeholder Impact

• Shareholders: The director's increased equity stake aligns his financial interests with those of other shareholders, potentially fostering long-term value creation.
• Employees: No direct impact mentioned.

Next Steps

• The acquired restricted stock units will be subject to vesting conditions, which will determine when they become fully owned by the director.

Key Dates

Recommendation

This Form 4 filing reports a routine, pre-planned acquisition of restricted stock units by a director as compensation. While it indicates alignment of interests, it does not present new information that would fundamentally alter the investment thesis for SEI Investments Company. It's a standard disclosure rather than a catalyst for significant price movement, warranting a 'hold' recommendation based solely on this filing.

Keywords

SEIC, Insider Transaction, Form 4, Director Compensation, Restricted Stock Units, Corporate Governance, Rule 10b5-1(c)