SEI Investments Insider Sale: Michael Lane Disposes 3,935 SEIC Shares
Rhea-AI Filing Summary
Michael Lane, Executive Vice President of SEI Investments Company (SEIC), reported a change in beneficial ownership on a Form 4. The filing shows a transaction dated 09/16/2025 involving Common Stock where 3,935 shares were disposed (D) at a reported price of $86.6, leaving 33,065 shares beneficially owned directly. The filing also reports an indirect interest of 154.5545 shares described as "By ESPP." The Form 4 is signed on behalf of Mr. Lane by Diane Gallagher, attorney in fact, dated 09/17/2025. The disclosure provides the specific quantities, price, and ownership form for the reported transactions.
Positive
- Timely and specific disclosure of insider transaction details (date, quantity, price, resulting holdings)
- Clear reporting of indirect interest (154.5545 shares "By ESPP"), improving transparency
- Authorized signature by attorney in fact indicates proper execution of filing
Negative
- Insider disposed of 3,935 shares, which reduces direct ownership (may be perceived negatively by some investors)
Insights
TL;DR: Routine disclosure of an insider sale; quantity, price, and remaining direct holdings are clearly reported.
The Form 4 documents a sale of 3,935 SEIC common shares at $86.6 on 09/16/2025, reducing direct beneficial ownership to 33,065 shares. The filing also lists an indirect holding of 154.5545 shares "By ESPP." This is a standard Section 16 filing that provides transparency on insider activity but contains no operational or financial performance information. For investors, the filing signals compliance and updates on insider ownership levels but does not by itself indicate company-level material events.
TL;DR: The filing reflects accurate insider reporting and a delegated signature, consistent with governance and disclosure practices.
The document is a properly completed Form 4 reporting an insider disposition and an indirect ESPP interest. The signature block shows the report was executed by an attorney in fact, Diane Gallagher, on 09/17/2025, which is a common and acceptable execution method when authorized. The filing enhances transparency about executive ownership but does not disclose any governance changes, related-party transactions, or policy deviations.