Form 4: SEI Investments EVP Philip McCabe Executes Stock Option and Sells Shares
SEC Form 4 Filing
Philip McCabe, EVP at SEI Investments, exercised stock options and sold 10,500 shares of common stock on October 28, 2024.
Summary
- On October 28, 2024, Philip McCabe, EVP Head of Investment Management at SEI Investments Co, exercised options to purchase 10,500 shares of common stock at a price of $40.64 per share.
- Simultaneously, McCabe sold 10,500 shares of SEI Investments common stock at a weighted average price of $75.91, with prices ranging from $75.90 to $75.96.
- Following these transactions, McCabe directly owns 43,544.45 shares of SEI Investments common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating neutral sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. This filing provides transparency into the trading activities of a key executive at SEI Investments.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 10/27/2023 | Date of Power of Attorney execution. |
| 02/23/2022 | Date option to purchase common stock was exercisable. |
| 12/09/2024 | Expiration date of option to purchase common stock. |
| 10/28/2024 | Date of transaction: exercise of stock options and sale of shares. |
| 10/29/2024 | Date of signature for the Form 4 filing. |
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