Form 4: SEI Investments Executive Exercises Stock Options
Insider Transaction Report
Philip McCabe, SEI Investments' EVP, exercised options to acquire 12,000 shares of common stock at $53.34 per share.
Summary
- Philip McCabe, Executive Vice President and Head of SEI's Investment Management Business, exercised options to acquire 12,000 shares of SEI Investments Co. common stock.
- The exercise price for these options was $53.34 per share.
- Following this transaction, McCabe directly owns 62,544.45 shares of common stock.
- An additional 2,441.6634 shares are indirectly owned through the Issuer's Employee Stock Purchase Plan, including 1,092.4827 shares purchased since the last report.
- The options, which were received as employment compensation, became exercisable on December 31, 2017, and had an expiration date of December 8, 2025.
- After the exercise, McCabe holds 0 derivative securities (options).
Sentiment
Score: 6
Explanation: The exercise of stock options by an executive is a planned transaction that increases their direct ownership, which is generally viewed as a neutral to slightly positive signal for aligning management and shareholder interests. It is not a discretionary open-market purchase, hence not a strong positive signal.
Positives
- The transaction increases Philip McCabe's direct beneficial ownership in SEI Investments Co. by 12,000 shares, aligning management interests with shareholders.
- The exercise of options at a set price demonstrates a planned transaction, often part of a long-term compensation strategy.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Management Comments
- Philip McCabe is identified as the Executive Vice President and Head of SEI's Investment Management Business.
Industry Context
This is a routine insider transaction filing (Form 4) reporting an executive's exercise of stock options, a common component of executive compensation in the financial services industry. Such transactions are closely monitored by investors for insights into management's holdings and alignment with shareholder interests.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Authorization | Philip McCabe executed a Power of Attorney on October 27, 2023, authorizing specific individuals (Michael Peterson, John Munch, Lindsay Barci, Diane Gallagher, Bridget Garvey, and Venita Knight) to execute and file Forms 3, 4, and 5 on his behalf. | 10/27/2023 | This streamlines the process for regulatory filings related to McCabe's beneficial ownership, ensuring timely compliance with Section 16(a) of the Securities Exchange Act of 1934. |
Stakeholder Impact
- Shareholders: Increased direct ownership by a key executive may be perceived as a positive signal of confidence in the company's future, potentially fostering greater alignment between management and shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 12/31/2017 | Date options to purchase common stock became exercisable. |
| 10/27/2023 | Date Power of Attorney was executed by Philip McCabe. |
| 10/24/2025 | Date of transaction for option exercise and common stock acquisition. |
| 10/28/2025 | Signature date of the Form 4 filing. |
| 12/08/2025 | Expiration date of the exercised options. |
Keywords
SEIC, Insider Transaction, Stock Options, Executive Compensation, Form 4, Beneficial Ownership
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