Jeffrey J Michael, a major owner of CorVel Corp. and a director of the company, recently cashed-in 4,000 options. The options were exercised at $9.05, while the disposals took place at $48.53 per share, on June 08, 2016. Michael continues to hold 192,656 shares of the company. Michael operates out of Irvine, CA. Some additional info was provided as follows:
Option issued pursuant to an automatic option grant program for the Company's non-employee directors under the Restated Omnibus Incentive Plan.
Exercisable in a series of 4 equal and successive annual installments commencing 12 months following the date of grant.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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