CorVel Corp (CRVL) CEO receives grant of 1,500 stock options at $62.45
Rhea-AI Filing Summary
CorVel Corp CEO & President Michael G. Combs 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, relate to 1,500 shares of common stock, and expire on August 6, 2036. According to the footnote, they become exercisable in four equal annual installments starting 12 months after the grant date, and are held as a direct ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Combs Michael G
Role
CEO & President
| 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 Option grant to CEO on August 6, 2026
Exercise price
$62.45 per share
Exercise price for 1,500 Non-Qualified Stock Options
Expiration date
August 6, 2036
Option expiration for CEO’s 1,500 Non-Qualified Stock Options
Underlying shares
1,500 shares
Common stock underlying the Non-Qualified Stock Options
Post-transaction derivative holdings
1,500 options
Total options held from this grant following the transaction
Key Terms
Non-Qualified Stock Option, exercise price, derivative, grant, award, or other acquisition
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.
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.
derivative financial
"transaction_type: "derivative""
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did CORVEL CORP (CRVL) report for Michael G. Combs?
CORVEL CORP reported that CEO & President Michael G. Combs received a grant of 1,500 Non-Qualified Stock Options on August 6, 2026, relating to 1,500 shares of common stock, as part of his equity compensation.
What is the exercise price of the new stock options granted to the CRVL CEO?
The new options granted to the CRVL CEO have an exercise price of $62.45 per share. This is the price at which he may purchase CorVel common stock when the options become exercisable over time.
When do Michael G. Combs’ newly granted CRVL options vest?
The options vest in a series of four equal annual installments, starting 12 months after the August 6, 2026 grant date. Each year, one-quarter of the 1,500 options becomes exercisable until fully vested.
What is the expiration date of the stock options granted to the CRVL CEO?
The stock options granted to the CRVL CEO expire on August 6, 2036. After this expiration date, any unexercised options will lapse and can no longer be used to purchase CorVel common shares.
How many CRVL options does Michael G. Combs hold after this reported grant?
Following this reported transaction, Michael G. Combs holds 1,500 Non-Qualified Stock Options from this grant. These options are reported as directly owned, reflecting his post-transaction derivative holdings from this specific award.
Is the CRVL CEO’s August 2026 option grant a market purchase or a compensation award?
The August 2026 transaction is reported as a grant, award, or other acquisition of options (code A), indicating it is a compensation-related award rather than a market purchase on an exchange.