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Crawford & Company officer Anthony P. Belcastro, SVP-Controller, reported beneficial ownership changes in Class A common stock based on transactions dated 12/16/2025.
He acquired 3,369 Class A shares at $0 and disposed of 1,375 Class A shares at $11, resulting in 1,994 Class A shares beneficially owned directly after these transactions.
Crawford & Company executive Tami E. Stevenson, SVP–GC & Corporate Secretary, reported transactions in Class A common stock. On December 16, 2025, she acquired 8,320 Class A shares at $ 0 per share and, in a separate Code F transaction the same day, disposed of 3,704 Class A shares at $ 11 per share. Following these transactions, she directly beneficially owned 30,898 shares of Crawford & Company Class A common stock.
Crawford & Company's executive vice president and CFO, William B. Swain, reported transactions in the company’s Class A common stock dated 12/16/2025. He acquired 27,401 shares at a stated price of $0 per share and disposed of 12,203 shares at $11 per share on the same day.
After these transactions, Swain directly beneficially owned 334,529 shares of Crawford & Company Class A common stock, as reported in the filing.
Crawford & Company executive vice president Larry C. Thomas reported transactions in the company’s Class A common stock. On December 16, 2025, he acquired 27,401 Class A shares at a stated price of $0 per share under transaction code "A" and, on the same date, disposed of 10,608 Class A shares at $11 per share under transaction code "F". After these transactions, he directly beneficially owned 257,095 Class A shares.
Crawford & Company Senior Vice President Nidhi Verma reported insider stock transactions in Class A Common Stock dated 12/16/2025. She acquired 7,440 Class A shares at $0 per share and disposed of 3,008 Class A shares at $11 per share. After these trades, she beneficially owns 7,041 Class A Common Stock shares directly.
Rohit Verma, CEO, President and director of Crawford & Co, reported insider transactions in Class A common stock dated 12/16/2025. He acquired 53,419 Class A shares at a reported price of $0, after which his directly held position was 261,399 shares.
On the same date, he reported a separate transaction coded “F” involving the disposition of 23,791 Class A shares at a price of $11 per share, leaving him with 237,608 Class A shares held directly.
Verma Rohit reported open-market sale transactions in a Form 4 filing for CRD. The filing lists transactions totaling 128,310 shares at a weighted average price of $10.92 per share. Following the reported transactions, holdings were 205,084 shares.
Crawford & Company entered into a Third Amendment to its existing credit agreement, increasing its revolving credit facility to $500.0 million and updating the group of borrowers. The facility includes a letter of credit sub-commitment of $125.0 million, with sublimits of $250.0 million for the U.K. borrower, $125.0 million for the Canadian borrower, and $75.0 million for the Australian borrower.
The amended credit facility now matures on December 2, 2030 and is guaranteed by material domestic subsidiaries and certain foreign subsidiaries, with a first-priority lien on substantially all of their personal property and on 100% of the capital stock of the foreign borrowers. Key financial covenants require a maximum consolidated leverage ratio of 4.50 to 1.00 and a minimum consolidated interest coverage ratio of 2.50 to 1.00, with failure to comply allowing lenders to accelerate repayment.
Crawford & Company announced that President and Chief Executive Officer Rohit Verma will resign from his roles, including his board seat, effective December 31, 2025. The company states his decision is not due to any disagreement with the company and that there is no new separation, severance, or consulting arrangement beyond what was previously disclosed in its most recent proxy statement.
Effective January 1, 2026, long-time executive William Bruce Swain, Jr., currently Executive Vice President – Chief Financial Officer, will become Interim President and Chief Executive Officer and will join the board. On the same date, Holly B. Boudreau, now Senior Vice President – Tax, Treasury and Finance Transformation, will become Executive Vice President – Chief Financial Officer. Each has entered into an executive employment agreement reflecting the new roles, and the company has issued a press release detailing these leadership changes.
Crawford & Company reported mixed Q3 results. Total revenues were $332.8 million, down from $342.7 million a year ago, but profitability improved. Net income attributable to shareholders rose to $12.4 million from $9.5 million, and diluted EPS for both Class A and Class B shares increased to $0.25 from $0.19. Cost control supported margins, with costs of services before reimbursements at $228.4 million versus $236.0 million last year and lower corporate interest expense.
Segment trends were varied. Broadspire revenues before reimbursements grew to $103.4 million from $99.0 million, while Platform Solutions declined to $28.9 million from $45.3 million. International Operations increased to $112.9 million from $105.7 million. For the nine-month period, total revenues reached $990.7 million and net income attributable to shareholders was $26.9 million, both higher year over year. Operating cash flow strengthened sharply to $51.7 million from $11.1 million, and cash rose to $68.8 million. Deferred revenues were $59.9 million, and the company paid quarterly dividends and repurchased shares under its authorization.