Verma Rohit 4
Research Summary
AI-generated summary
Crawford & Co (CRDA) Ex-CEO Rohit Verma Receives Award, Sells Shares
What Happened
- Rohit Verma, former CEO & President of Crawford & Co (CRDA), was granted 60,440 shares (recorded at $0.00 per share) on 2026-03-11 and, on the same date, 27,587 shares were disposed at $10.76 per share (totaling $296,836) to satisfy an exercise price or tax liability. The award is coded as A (acquisition/award) and the disposition is coded F (payment of exercise price or tax liability).
Key Details
- Transaction date: 2026-03-11; Form 4 filed: 2026-03-12 (timely filing).
- Award: 60,440 shares acquired at $0.00 per share (total value recorded $0 in the filing).
- Withholding/disposition: 27,587 shares disposed at $10.76 each for $296,836 (code F — used to pay tax/exercise obligations).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: The F code indicates shares were surrendered/withheld to cover tax or exercise costs (common for option exercises or vested awards).
Context
- This combination—an award granted and a portion of shares withheld/sold to cover taxes—is a routine, non-market-sale administrative step (often a cashless exercise or tax withholding) and does not necessarily signal a market view. The filing appears timely (filed the next day).