Form 4: SEI Investments EVP Sells $341K in Stock for Tax
Insider Transaction Report
SEI Investments Executive Vice President Michael Lane reported the disposition of 3,935 shares of common stock valued at $341,701 to cover tax liabilities.
Summary
- Executive Vice President Michael Lane of SEI Investments Co. (SEIC) reported a pre-scheduled transaction.
- On September 16, 2025, Lane will dispose of 3,935 shares of common stock.
- The disposition is at a price of $86.6 per share, totaling $341,701.
- This transaction is coded as 'F', indicating a disposition to the issuer to pay tax liability incident to the vesting of securities.
- Following the transaction, Lane will directly own 33,065 shares of common stock.
- Additionally, Lane indirectly owns 154.5545 shares of common stock through an Employee Stock Purchase Plan (ESPP).
Sentiment
Score: 5
Explanation: A neutral score as this is a routine insider transaction for tax purposes, which is neither inherently positive nor negative for the company's operational or financial performance.
Future Outlook
NA
Industry Context
This is a routine insider transaction filing (Form 4) for an executive at a financial services company. Such filings are common across the industry as executives manage their equity compensation and tax obligations, often through pre-arranged 10b5-1 plans.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Michael Lane granted a Power of Attorney on August 26, 2024, authorizing specific individuals, including Diane Gallagher, to execute and file SEC Forms 3, 4, and 5 on his behalf. This streamlines compliance with Section 16(a) of the Securities Exchange Act of 1934. | 08/26/2024 | Enhances efficiency and ensures timely compliance with SEC reporting requirements for insider transactions. |
Key Dates
| Date | Description |
|---|---|
| 08/26/2024 | Execution date of Power of Attorney by Michael Lane. |
| 09/16/2025 | Date of common stock disposition transaction. |
| 09/17/2025 | Date Form 4 was signed by attorney-in-fact. |
Keywords
SEI Investments, SEIC, Michael Lane, Insider Transaction, Stock Sale, Form 4, Executive Compensation, Tax Liability, 10b5-1 Plan
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