CorVel director granted 1,500 stock options
CORVEL CORP reported that director Joanna M. Burkey received a grant of 1,500 Non-Qualified Stock Options on 2026-08-06.
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Form Type
4
Rhea-AI Filing Summary
CORVEL CORP reported that director Joanna M. Burkey received a grant of 1,500 Non-Qualified Stock Options on 2026-08-06. The options carry an exercise price of $62.45 per share and expire on 2036-08-06. According to the terms, they become exercisable in four equal annual installments starting 12 months after the grant date. Following this grant, Burkey holds 1,500 options directly.
Insider Trade Summary
Grant/Award: 1,500 shares
Grant/Award
1 txn
Insider
Burkey Joanna M.
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 contracts (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: 2036-08-06
+1 more
4 metrics
Options granted
1,500 options
Non-Qualified Stock Option grant to director on 2026-08-06
Exercise price
$62.45 per share
Exercise price of granted Non-Qualified Stock Options
Expiration date
2036-08-06
Expiration of the Non-Qualified Stock Options granted
Post-grant options held
1,500 options
Total derivative securities owned directly after the transaction
Key Terms
Non-Qualified Stock Option, exercise price, vesting, derivative security
4 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
"conversion_or_exercise_price: 62.4500"
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.
vesting financial
"Exercisable in a series of 4 equal and successive annual installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
derivative security financial
"transaction_type: derivative"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CORVEL CORP (CRVL) report for Joanna M. Burkey?
CORVEL CORP reported that director Joanna M. Burkey received a grant of 1,500 Non-Qualified Stock Options on 2026-08-06, giving her the right to buy common shares at a fixed exercise price.
What is the exercise price of Joanna M. Burkey’s new options at CORVEL CORP (CRVL)?
The granted options have an exercise price of $62.45 per share. This is the price at which Burkey can buy CORVEL CORP common stock once the options vest and are exercised.
When do Joanna M. Burkey’s CORVEL CORP (CRVL) stock options vest?
The options vest in four equal and successive annual installments, beginning 12 months after the 2026-08-06 grant date. Each year, one-quarter of the 1,500 options becomes exercisable.
What is the expiration date of the CORVEL CORP (CRVL) options granted to Joanna M. Burkey?
The options granted to Joanna M. Burkey expire on 2036-08-06. After this date, any unexercised options will lapse and can no longer be used to purchase CORVEL CORP common stock.
How many CORVEL CORP (CRVL) options does Joanna M. Burkey hold after this grant?
Following the reported grant, Joanna M. Burkey directly holds 1,500 Non-Qualified Stock Options. This figure reflects her total option holdings reported in this insider filing after the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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