CorVel CFO Brian Nichols reports option holdings
CorVel Corporation’s Chief Financial Officer Brian Nichols has filed an initial ownership report showing his holdings of stock options.
Rhea-AI Filing Summary
CorVel Corporation’s Chief Financial Officer Brian Nichols has filed an initial ownership report showing his holdings of stock options. The filing lists several non-qualified stock options, each giving him the right to buy CorVel common stock at exercise prices ranging from $39.827 to $110.18, with expirations between 2026 and 2030.
One option grant vests so that 25% becomes exercisable one year after the grant date, with the remaining shares vesting in 36 equal monthly installments. The filing reflects the number of shares that remain available under each option originally granted between 2021 and 2025.
Positive
- None.
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Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Nichols Brian S.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 1,140 contracts (Direct)
Footnotes (8)
- F1. Reflects a grant of a non-qualified stock option (the "Option") made to the Reporting Person under the Issuer's Restated Omnibus Incentive Plan (formerly the 1988 Executive Stock Option Plan). Twenty-five percent of the Option vests and becomes exercisable one year following the grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.
- F2. Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on May 6, 2021 covering an aggregate of 900 shares.
- F3. Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on August 5, 2021 covering an aggregate of 600 shares.
- F4. Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on February 3, 2022 covering an aggregate of 600 shares.
- F5. Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on May 12, 2022 covering an aggregate of 600 shares.
- F6. Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on August 4, 2022 covering an aggregate of 600 shares.
- F7. Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on November 3, 2022 covering an aggregate of 900 shares.
- F8. Reflects the number of shares that remain subject to issuance upon exercise of a stock option initially issued to the Reporting Person on January 14, 2025 covering an aggregate of 225 shares.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does CorVel (CRVL) CFO Brian Nichols disclose in this Form 3?
Brian Nichols discloses his beneficial ownership of several non-qualified stock options to buy CorVel common stock. The filing lists remaining shares under each option, their exercise prices, and expirations from 2026 to 2030, providing transparency into his equity-based compensation holdings as Chief Financial Officer.
What types of securities does Brian Nichols report owning in CorVel (CRVL)?
Brian Nichols reports owning non-qualified stock options, each representing the right to buy CorVel common stock. The options have specific exercise prices and expiration dates, and the filing shows how many shares remain issuable under options originally granted between 2021 and 2025 under CorVel’s incentive plan.
How do Brian Nichols’ CorVel (CRVL) stock options vest according to the filing?
One non-qualified stock option grant vests with 25% becoming exercisable one year after the grant date. The remaining shares under that grant vest in 36 equal monthly installments, creating a four-year vesting schedule that ties continued service to the gradual ability to exercise the option.
What are the exercise price ranges of Brian Nichols’ CorVel (CRVL) options?
The disclosed non-qualified stock options carry exercise prices ranging from about $39.827 per share up to $110.18 per share. Each option series has its own fixed exercise price and expiration date, determining the cost at which Nichols can acquire CorVel common stock if he chooses to exercise.
Over what period were Brian Nichols’ CorVel (CRVL) stock options originally granted?
The filing explains that the remaining option shares relate to grants initially issued between May 2021 and January 2025. Each footnote ties the current remaining shares to a specific original grant date and total grant size under CorVel’s Restated Omnibus Incentive Plan for executives.
Does Brian Nichols hold CorVel (CRVL) stock options directly or indirectly?
The options reported in the filing are held directly by Brian Nichols. The ownership form for each non-qualified stock option is marked as “D” for direct, and there are no footnotes indicating that these holdings are through a separate trust, partnership, or other indirect ownership structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
