CorVel EVP (NASDAQ: CRVL) exercises 750 options and withholds shares for taxes
Rhea-AI Filing Summary
CorVel executive Mark E. Bertels exercised 750 non-qualified stock options on July 29, 2026 at $52.647 per share, receiving common stock. To pay the option exercise price and/or related tax obligations, 667 common shares were delivered or withheld at $62.25 per share. The reported option grant is now fully exercised.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 83 shares
Net Buy
4 txns
Insider
Bertels Mark E.
Role
EVP - Risk Management Services
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) F2 | 750 | $62.25 | $47K |
| Exercise | Common Stock | 750 | $52.647 | $39K |
| Exercise Price or Tax Liability | Common Stock F1 | 634 | $62.25 | $39K |
| Exercise Price or Tax Liability | Common Stock F1 | 33 | $62.25 | $2K |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 2,909 shares (Direct)
Footnotes (2)
- F1. Shares delivered in payment of the option exercise price and/or tax liability incident to the option exercise.
- F2. Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.
Key Figures
Options exercised: 750 shares
Option exercise price: $52.647 per share
Shares delivered/withheld: 667 shares
+5 more
8 metrics
Options exercised
750 shares
Non-qualified stock options exercised on July 29, 2026
Option exercise price
$52.647 per share
Exercise price for 750 non-qualified stock options
Shares delivered/withheld
667 shares
Common shares used to pay exercise price and/or tax liability
Settlement share price
$62.25 per share
Price applied to 667 common shares delivered or withheld
Option expiration date
2026-08-05
Expiration date of the exercised non-qualified stock option grant
Derivative shares after exercise
0 shares
Reported non-qualified stock option position following the transaction
Tax/exercise settlement shares (leg 1)
634 shares
Common shares delivered or withheld under first F-code transaction
Tax/exercise settlement shares (leg 2)
33 shares
Common shares delivered or withheld under second F-code transaction
Key Terms
Non-Qualified Stock Option, exercise price, tax liability, derivative security
4 terms
Non-Qualified Stock Option financial
"Security title is Non-Qualified Stock Option (right to buy) reported as derivative"
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.
exercise price financial
"Shares delivered in payment of the option exercise price and/or tax liability"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
tax liability financial
"Shares delivered in payment of the option exercise price and/or tax liability"
derivative security financial
"Transaction code M is described as Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did CorVel (CRVL) executive Mark Bertels report in this Form 4?
Mark E. Bertels, EVP - Risk Management Services, exercised 750 stock options at $52.647 per share into common stock on July 29, 2026. To fund the exercise price and/or taxes, 667 shares were delivered or withheld at $62.25 per share.
How many CorVel (CRVL) options did Mark Bertels exercise and at what price?
He exercised 750 non-qualified stock options with an exercise price of $52.647 per share. These options converted into 750 shares of common stock as part of a scheduled derivative exercise reported under transaction code M.
Does Mark Bertels still hold the CorVel (CRVL) stock options reported here?
No. After the reported M-code transaction, the specific non-qualified stock option position is shown as 0 shares remaining. This indicates the option grant referenced in the filing has been fully exercised.
What vesting terms applied to the CorVel (CRVL) options exercised by Mark Bertels?
The options were exercisable as to 25% of the shares one year after grant, with the remaining shares vesting in 36 equal monthly installments thereafter, according to the accompanying footnote.