CorVel (CRVL) CFO exercises stock options, uses shares to pay taxes
Rhea-AI Filing Summary
CorVel Corp Chief Financial Officer Brian S. Nichols exercised stock options and settled related tax obligations using shares. On May 1, 2026, he exercised a non-qualified stock option for 18 shares of common stock at $39.827 per share. In connection with this exercise, a total of 13 shares of common stock, valued at $57.53 per share, were delivered to cover the option exercise price and associated tax liability, as reflected in two tax-withholding dispositions. The remaining shares from the option exercise increased his directly held common stock position by a small amount. The filing notes that employee stock plan participation changes since the prior report are not included here.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5 shares
Net Buy
4 txns
Insider
Nichols Brian S.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 18 | $57.53 | $1K |
| Exercise | Common Stock | 18 | $39.827 | $716.89 |
| Exercise Price or Tax Liability | Common Stock | 12 | $57.53 | $690.36 |
| Exercise Price or Tax Liability | Common Stock | 1 | $57.53 | $57.53 |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 5 shares (Direct)
Footnotes (3)
- F1. Beneficial holdings reflected on this report do not include changes in the reporting person's holdings of securities resulting from participation in the issuer's qualified employee stock plan since the last filing of a report disclosing transactions related to such participation
- F2. Shares delivered in payment of the option exercise price and/or tax liability incident to the option exercise.
- F3. Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.
Key Figures
Option shares exercised: 18 shares
Option exercise price: $39.827/share
Shares for tax and exercise: 13 shares
+3 more
6 metrics
Option shares exercised
18 shares
Non-qualified stock option exercise on May 1, 2026
Option exercise price
$39.827/share
Strike price of non-qualified stock option
Shares for tax and exercise
13 shares
Tax-withholding and exercise-price payment in stock
Tax/payment share value
$57.53/share
Value of common stock delivered for taxes and exercise
Option expiration date
May 6, 2026
Expiration of the exercised non-qualified stock option
Tax-withholding transactions
2 transactions, 13 shares total
Code F dispositions on May 1, 2026
Key Terms
Non-Qualified Stock Option, tax-withholding disposition, Exercise or conversion of derivative security, qualified employee stock plan
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
qualified employee stock plan financial
"participation in the issuer's qualified employee stock plan since the last filing"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did CorVel (CRVL) CFO Brian S. Nichols report in this Form 4?
Brian S. Nichols reported exercising a non-qualified stock option for 18 shares of CorVel common stock. In the same filing, he used a portion of shares to cover the option exercise price and related tax liabilities, resulting in a small net increase in directly held shares.
What prices are associated with the CorVel (CRVL) CFO’s Form 4 transactions?
The non-qualified stock option carried an exercise price of $39.827 per share, while the common stock used for tax and exercise payments is valued at $57.53 per share. These figures highlight the difference between the option strike price and the prevailing share value at the transaction date.
Does the CorVel (CRVL) Form 4 include changes from the employee stock plan?
The footnotes state that this Form 4 does not reflect changes in the reporting person’s holdings from participation in CorVel’s qualified employee stock plan since the last report. Only the option exercise and related share deliveries are included in the reported holdings.