Form 4: SEI Investments EVP Michael Peterson Exercises Options and Sells Shares

Michael Peterson, EVP and General Counsel of SEI Investments, exercised stock options and sold shares on October 25, 2024.

Summary

• On October 25, 2024, Michael Peterson, EVP and General Counsel of SEI Investments, exercised options to purchase 25,000 shares of common stock at a price of $55.73 per share.
• Following the exercise of options, Peterson sold 20,438 shares at a weighted average price of $74.49, and 4,562 shares at a weighted average price of $75.04.
• After these transactions, Peterson directly owns 6,500 shares of SEI Investments common stock.
• Peterson also holds options to purchase 25,000 shares of common stock.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like Michael Peterson, trade their company's stock. These filings provide transparency into the transactions of individuals with access to non-public information.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common practice.

Key Dates