CorVel Corp (CRVL) director awarded 1,500 stock options at $62.45 strike price
Rhea-AI Filing Summary
CorVel Corp director R. Judd Jessup received a grant of 1,500 Non-Qualified Stock Options on August 6, 2026. The options have an exercise price of $62.45 per share, expire on August 6, 2036, and are exercisable in four equal annual installments starting 12 months after the grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JESSUP R JUDD
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option (right to buy) F1 | 1,500 | $0.00 | $0.00 |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 1,500 shares (Direct)
Footnotes (1)
- F1. Exercisable in a series of 4 equal and successive annual installments commencing 12 months following the date of grant.
Key Figures
Options granted: 1,500 options
Exercise price: $62.45 per share
Expiration date: August 6, 2036
+2 more
5 metrics
Options granted
1,500 options
Non-Qualified Stock Options granted to R. Judd Jessup on August 6, 2026
Exercise price
$62.45 per share
Exercise price of the Non-Qualified Stock Option grant
Expiration date
August 6, 2036
Option expiration for the 1,500 Non-Qualified Stock Options
Post-grant holdings (this award)
1,500 options
Total Non-Qualified Stock Options from this grant held directly after transaction
Vesting schedule
4 equal annual installments
Exercisable in four equal and successive annual installments starting 12 months after grant
Key Terms
Non-Qualified Stock Option, exercise price, exercisable
3 terms
Non-Qualified Stock Option financial
"Security titled "Non-Qualified Stock Option (right to buy)" with 1,500 shares"
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
"Options carry a conversion or exercise price of $62.45 per share"
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.
exercisable financial
"Exercisable in a series of 4 equal and successive annual installments"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stock option grant did CORVEL CORP (CRVL) director R. Judd Jessup receive?
R. Judd Jessup received a grant of 1,500 Non-Qualified Stock Options on August 6, 2026. Each option relates to one share of CorVel common stock and represents a new equity award, not a market purchase or sale.
What is the exercise price of the new CRVL options granted to R. Judd Jessup?
The options granted to R. Judd Jessup have an exercise price of $62.45 per share. This is the fixed price at which he may buy CorVel common stock upon exercise, subject to vesting and before the options expire.
When do R. Judd Jessup’s new CRVL stock options vest?
The options are exercisable in four equal annual installments beginning 12 months after the August 6, 2026 grant date. This means 25% of the options vest each year over four years, assuming continued eligibility under the award terms.
When do the CRVL stock options granted to R. Judd Jessup expire?
The options granted to R. Judd Jessup expire on August 6, 2036. After this expiration date, any unexercised options become invalid and can no longer be used to purchase CorVel common shares at the $62.45 exercise price.
How many CRVL options does R. Judd Jessup hold after this grant?
Following this award, R. Judd Jessup holds 1,500 Non-Qualified Stock Options from this specific grant. These options are held directly and are subject to the four-year vesting schedule and the August 6, 2036 expiration date disclosed in the award terms.