CorVel Corp (CRVL) CEO Sarah Scott details multiple non-qualified stock option grants
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
CorVel Corp (CRVL) reports that CEO and President Sarah A. Scott holds several direct non-qualified stock options to purchase CorVel common stock. The positions cover different grants with exercise prices between $49.6300 and $110.1800 and expirations from 2027 through 2031. Footnotes state that some options vest 25% one year after grant with the remainder in 36 monthly installments, and others vest based on achieving earnings-growth performance criteria.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Scott Sarah A.
Role
CEO and President
| 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) | -- | -- | -- |
| 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) — 141 shares (Direct)
Footnotes (1)
- Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter. Option will vest based on achievement of certain performance criteria relating to earnings growth.
Key Figures
Option exercise price: $110.1800 per share
Option exercise price: $53.0800 per share
Option exercise price: $66.8500 per share
+2 more
5 metrics
Option exercise price
$110.1800 per share
Non-qualified stock option expiring on 2030-01-14 with 2,500 underlying shares
Option exercise price
$53.0800 per share
Non-qualified stock option expiring on 2031-03-04 with 8,000 underlying shares
Option exercise price
$66.8500 per share
Non-qualified stock option expiring on 2028-11-02 with 5,770 underlying shares
Option exercise price
$49.6300 per share
Non-qualified stock option expiring on 2027-05-12 with 141 underlying shares
Performance-vested options
Vesting tied to earnings growth
Footnote describes options that vest based on achievement of earnings growth criteria
Key Terms
Non-Qualified Stock Option, underlying security, performance criteria, earnings growth
4 terms
Non-Qualified Stock Option financial
"Non-Qualified Stock Option (right to buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
underlying security financial
"underlying_security_title: "Common Stock" and underlying_security_shares"
performance criteria financial
"Option will vest based on achievement of certain performance criteria relating to earnings growth."
earnings growth financial
"performance criteria relating to earnings growth."
FAQ
What does CorVel (CRVL) disclose about Sarah A. Scott in this Form 3?
CorVel discloses that Sarah A. Scott, its CEO and President, holds multiple direct non-qualified stock options on CorVel common stock, each with specified exercise prices, share amounts, vesting terms, and expiration dates.
What stock option positions does CorVel (CRVL) CEO Sarah A. Scott hold?
Sarah A. Scott holds several non-qualified stock options, including grants over 8,000 underlying shares at $53.0800 expiring on 2031-03-04 and 5,770 underlying shares at $66.8500 expiring on 2028-11-02, all held directly.
How do Sarah A. Scott’s CorVel (CRVL) options vest?
One footnote states certain options are exercisable for 25% of shares one year after grant, with remaining shares vesting in 36 equal monthly installments. Another footnote explains some options vest based on earnings growth performance criteria.
What are the highest and lowest exercise prices in Sarah A. Scott’s CorVel (CRVL) options?
Her disclosed non-qualified stock options have exercise prices ranging from $49.6300 per share up to $110.1800 per share, each tied to specific grants with defined expiration dates from 2027 through 2031.
Are Sarah A. Scott’s reported CorVel (CRVL) stock options held directly or indirectly?
All listed non-qualified stock options are reported as held directly, shown with ownership code "D" and no separate entity or trust noted in the nature-of-ownership field for these positions.