Form 4: SEI Investments Executive Reports Late Stock Disposition
Insider Transaction Report
SEI Investments Executive Vice President Philip McCabe reported the disposition of 1,094 common shares to cover tax obligations from RSU vesting, a transaction that was not timely reported.
Summary
- Philip McCabe, Executive Vice President and Head of SEI's Investment Management Business, reported a transaction involving SEI Investments Company common stock.
- On December 5, 2025, 1,094 shares of common stock were disposed of at a price of $81.25 per share.
- This disposition was made to satisfy tax obligations upon the vesting of Restricted Stock Units (RSUs).
- The transaction was inadvertently not reported on a timely basis.
- Following this transaction, Mr. McCabe directly owns 69,884.45 shares and indirectly owns 2,441.6634 shares through an Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax purposes, which is generally neutral. The minor negative of late reporting does not significantly alter the overall sentiment.
Negatives
- The transaction was inadvertently not reported on a timely basis, indicating a minor compliance oversight.
Risks
- Potential for regulatory scrutiny due to the inadvertent late reporting of an insider transaction.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Management Comments
- "This transaction was inadvertently not reported on a timely basis."
Industry Context
This is a routine insider transaction for tax purposes and does not provide broader insights into industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Philip McCabe granted Power of Attorney on October 27, 2023, to several individuals, including Diane Gallagher, to execute and file Forms 3, 4, and 5 on his behalf to ensure compliance with Section 16(a) reporting requirements. | October 27, 2023 | This standing arrangement streamlines the process for timely and accurate insider transaction reporting, although the reported transaction was still inadvertently late. |
Stakeholder Impact
- Shareholders: Minimal impact, as this is a routine tax-related disposition and does not signal a change in company fundamentals or executive confidence.
- Regulatory Authorities: Potential for minor inquiry regarding the late filing, but likely no significant enforcement action given the nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| October 27, 2023 | Philip McCabe granted Power of Attorney to several individuals for SEC filings. |
| December 5, 2025 | Date of the reported transaction where shares were withheld for tax obligations. |
| December 29, 2025 | Date the Form 4 was signed and filed. |
Recommendation
holdThis Form 4 reports a routine disposition of shares by an executive to cover tax obligations upon RSU vesting. Such transactions are common and generally do not indicate a change in the company's fundamentals or the executive's confidence. The late reporting is a minor compliance issue but does not warrant a change in investment recommendation.
Keywords
SEIC, Philip McCabe, Form 4, Insider Transaction, RSU Vesting, Stock Disposition, Tax Obligations, Beneficial Ownership
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