Crawford & Co EVP Bart Andrew John Exercises Options

What Happened

• Bart Andrew John, Executive Vice President of Crawford & Co (CRDA), exercised stock options on Sept 10 and Sept 11, 2026 to acquire a total of 35,964 shares (17,959 on 9/10 at $9.22, $165,582; 18,005 on 9/11 at $8.60, $154,843 — total cash value of acquired shares ≈ $320,425).
• To satisfy tax withholding/exercise payment obligations, 12,947 shares were withheld/disposed on 9/10 at $12.79 ($165,592) and 12,418 shares on 9/11 at $12.47 ($154,852), total withheld ≈ 25,365 shares (total ≈ $320,444).
• The filing also shows the related option interests were converted/cancelled (derivative entries at $0.00) as part of the exercises. Transaction codes: M = option exercise/conversion; F = payment of exercise price / tax withholding.

Key Details

• Dates & specifics:
  • 2026-09-10: Exercised 17,959 options @ $9.22 (acquired) = $165,582; 12,947 shares withheld @ $12.79 = $165,592.
  • 2026-09-11: Exercised 18,005 options @ $8.60 (acquired) = $154,843; 12,418 shares withheld @ $12.47 = $154,852.
• Net shares issued vs. withheld: 35,964 shares acquired by exercise, with ~25,365 shares withheld to cover taxes/consideration (resulting in a net increase of ~10,599 shares issued to the insider).
• Shares owned after the transaction: not disclosed in the provided excerpt of the filing.
• Footnote: F1 indicates the option vests roughly 1/3 of the original grant each year starting on the date specified in the grant.
• Timeliness: Report filed 2026-09-11 for transactions on 9/10–9/11 — filed the next day (no late flag indicated).

Context

• This is an option exercise with shares withheld to cover taxes/fees (a common "cashless" style settlement) rather than an open-market sale or purchase. That pattern is typically routine to satisfy tax liabilities and does not itself indicate a change in the insider’s long-term view.
• For retail investors, direct purchases are generally more informative as a bullish signal; exercises with tax withholding are often executed for tax/compensation reasons.