CorVel Corp (CRVL) CFO exercises 51-share option, 46 shares withheld for costs
Rhea-AI Filing Summary
CorVel Corp Chief Financial Officer Brian S. Nichols exercised a non-qualified stock option for 51 shares of common stock on 2026-08-04 at an exercise price of $52.647 per share. The option, which was exercisable in tranches and set to expire on 2026-08-05, was fully exercised, and 46 shares of common stock were delivered at $59.10 per share to satisfy the option exercise price and/or related tax liability.
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) F2 | 51 | $59.10 | $3K |
| Exercise | Common Stock | 51 | $52.647 | $3K |
| Exercise Price or Tax Liability | Common Stock F1 | 45 | $59.10 | $3K |
| Exercise Price or Tax Liability | Common Stock F1 | 1 | $59.10 | $59.10 |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 10 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: 51 shares
Exercise Price: $52.647 per share
Shares Delivered for Costs: 46 shares
+2 more
5 metrics
Options Exercised
51 shares
Non-qualified stock option exercised on 2026-08-04
Exercise Price
$52.647 per share
Conversion or exercise price for the 51-share option
Shares Delivered for Costs
46 shares
Common shares delivered to pay exercise price and/or tax liability
Delivery Price
$59.10 per share
Per-share value for common shares delivered under code F
Option Expiration Date
2026-08-05
Expiration date of the non-qualified stock option after full exercise
Key Terms
Non-Qualified Stock Option, exercise price, tax liability incident to the option exercise
3 terms
Non-Qualified Stock Option financial
"security_title: "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.
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 incident to the option exercise financial
"Shares delivered in payment of the option exercise price and/or tax liability incident to the option exercise."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did CorVel Corp (CRVL) disclose about CFO Brian S. Nichols in this Form 4?
CorVel Corp reported that CFO Brian S. Nichols exercised a non-qualified stock option for 51 shares of common stock on 2026-08-04. The filing also notes that certain shares were delivered to cover the exercise price and/or related tax obligations.
How many CorVel (CRVL) options did the CFO exercise and at what price?
Brian S. Nichols exercised options for 51 shares of CorVel common stock at an exercise price of $52.647 per share. These shares came from a non-qualified stock option grant that became exercisable over time and was nearing its stated expiration date.
What type of derivative security did CorVel (CRVL) CFO Brian S. Nichols exercise?
Brian S. Nichols exercised a Non-Qualified Stock Option (right to buy) covering 51 underlying shares of CorVel common stock. A footnote explains that the option vested 25% after one year from grant, with the remainder vesting in 36 equal monthly installments.
Did the reported CorVel (CRVL) option held by the CFO remain outstanding after this transaction?
No. After the 2026-08-04 transaction, the Form 4 reports 0 derivative shares remaining for this particular non-qualified stock option. This indicates the option referenced in the filing was fully exercised and no longer outstanding.