0000950170-24-045191.txt : 20240417
0000950170-24-045191.hdr.sgml : 20240417
20240417173642
ACCESSION NUMBER: 0000950170-24-045191
CONFORMED SUBMISSION TYPE: 4/A
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231211
FILED AS OF DATE: 20240417
DATE AS OF CHANGE: 20240417
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: O'Brien Brandon
CENTRAL INDEX KEY: 0001754499
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-19291
FILM NUMBER: 24852146
MAIL ADDRESS:
STREET 1: 2010 MAIN STREET
STREET 2: SUITE 600
CITY: IRVINE
STATE: CA
ZIP: 92614
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CORVEL CORP
CENTRAL INDEX KEY: 0000874866
STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 330282651
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: 2010 MAIN STREE
STREET 2: SUITE 1020
CITY: IRVINE
STATE: CA
ZIP: 92614
BUSINESS PHONE: 9498511473
MAIL ADDRESS:
STREET 1: 2010 MAIN STREET
STREET 2: SUITE 1020
CITY: IRVINE
STATE: CA
ZIP: 92614
FORMER COMPANY:
FORMER CONFORMED NAME: FORTIS CORP
DATE OF NAME CHANGE: 19600201
4/A
1
ownership.xml
4/A
X0508
4/A
2023-12-11
2023-12-13
0000874866
CORVEL CORP
CRVL
0001754499
O'Brien Brandon
C/O CORVEL CORPORATION
5128 APACHE PLUME ROAD, SUITE 400
FORT WORTH
TX
75109
false
true
false
false
Chief Financial Officer
false
Common Stock
7305
D
Non-Qualified Stock Option (right to buy)
77.93
2024-11-05
Common Stock
0
0
D
On December 13, 2023, the Reporting Person filed a Form 4 (the "Original Form 4") reporting the (a) December 11, 2023 exercise of 300 non-qualified stock options ("NQSOs") originally granted to the Reporting Person on November 5, 2019 (the "2019 NQSO Grant"), (b) receipt of 300 shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock"), underlying such NQSOs (the "Shares"), and (c) subsequent open-market sale of the Shares (collectively, the "Transactions"). The Reporting Person was originally granted an aggregate of 7,500 NQSOs in the 2019 NQSO Grant, the vesting of which was subject to the achievement of certain performance criteria related to the Issuer's earnings growth. Of those 7,500 NQSOs, 7,125 vested upon the achievement of such performance criteria and were subsequently exercised by the Reporting Person as previously disclosed in the Reporting Person's Form 4 filings.
(Continued from footnote 1) The remaining 375 NQSOs were canceled by the Issuer for failure to achieve certain performance criteria. Accordingly, the Reporting Person did not hold the 300 NQSOs exercised on December 11, 2023, and the Transactions reported on the Original Form 4 occurred due to an administrative error. Each Transaction was subsequently reversed. This amendment is being filed to confirm the number of shares of Common Stock held by the Reporting Person as of the date hereof, and to correct the number of 2019 NQSOs held by the Reporting Person as of the date hereof following the reversal of the Transactions.
Following the vesting and exercise by the Reporting Person of 7,125 NQSOs from the 2019 NQSO Grant and the cancellation of the remaining 375 NQSOs for failure to achieve certain performance criteria, the Reporting Person no longer holds any of the NQSOs included in the November 5, 2019 equity grant.
/s/ Brandon O'Brien
2024-04-17