SEI Investments (SEIC) Director Carl Guarino Exercises Options, Sells Shares

What Happened

• Carl Guarino, a director of SEI Investments Company (SEIC), exercised options to acquire 10,000 shares (two exercises of 5,000 each) at $49.63 per share (total cash exercise cost $496,300) and sold 10,000 shares in an open-market sale for a weighted average price of $103.19, generating proceeds of $1,031,950. The filing also lists two additional 5,000-share derivative transactions marked as disposed with no price (N/A) related to option/derivative conversion.

Key Details

• Transaction date: 2026-07-28; Form 4 filed 2026-07-30 (filed timely within the usual 2-business-day window).
• Exercise details: 5,000 + 5,000 shares acquired at $49.63 each (total acquired = 10,000; total exercise cost = $496,300).
• Sale details: 10,000 shares sold in the open market at a weighted average price of $103.19 (range $102.95–$103.39 per footnote), proceeds ~$1,031,950. Reporting person can provide breakdown of shares sold at each price on request (Footnote F1).
• Additional derivative entries: Two 5,000-share exercise/conversion entries are shown as disposed with price N/A (these are derivative-related adjustments listed on the filing).
• Compensation note: Some of the shares/options were received as compensation for Board service (Footnote F2).
• Shares owned after the transactions: not specified in the provided filing details.

Context

• This was an option exercise followed by an open-market sale — a common pattern where insiders exercise options and sell shares (often to cover exercise costs, taxes, or diversify). Because shares were sold the same day, this effectively looks like a cashless/monetized exercise for the exercised shares.
• The sale is a routine insider sale rather than a clear bullish signal; purchases typically carry more weight for interpreting insider conviction. The filing appears timely and includes standard footnotes explaining sale price range and compensation origin.