Form 4: SEI Investments Executive Chairman Alfred P. West Jr. Sells 19,363 Shares

Alfred P. West Jr., Executive Chairman of SEI Investments Co., sold 19,363 shares of common stock at a weighted average price of $72.14 on March 28, 2024.

Summary

• On March 28, 2024, Alfred P. West Jr., the Executive Chairman of SEI Investments Co. (SEIC), sold 19,363 shares of the company's common stock.
• The sale was executed at a weighted average price of $72.14 per share.
• Following the transaction, West directly owns 7,865,471 shares of SEI Investments Co.
• The filing also includes a Power of Attorney document, effective November 17, 2023, authorizing several individuals to act on West's behalf for SEC filings related to SEI Investments.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an insider, which is a neutral event. The sentiment is therefore considered neutral.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a company, such as officers and directors, trade the company's stock; this provides transparency to the market regarding insider transactions.

Stakeholder Impact

• The sale of shares by a key executive could be perceived negatively by some shareholders, potentially leading to slight downward pressure on the stock price in the short term.

Key Dates