Nichols Brian S. 4

What Happened

• Brian S. Nichols, Chief Financial Officer of CorVel Corp (CRVL), was granted a derivative award of 6,000 shares on 2026-03-04. The award is reported at a $0.00 price (derivative award entry) and was disclosed on a Form 4 filed 2026-03-06.
• This is a grant/award (Form 4 code A), not an open-market purchase or sale, so it reflects compensation/long-term incentive rather than an immediate buy or sell.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (timely filing).
• Quantity: 6,000 shares; reported price: $0.00 (derivative award).
• Vesting/exercisability (footnote): 25% becomes exercisable one year after the grant date; remaining shares vest in 36 equal monthly installments thereafter.
• Shares owned after transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding, or sale reported in this filing.

Context

• This is a compensation award that vests over time. It is not an immediate purchase (which some investors view as a bullish signal) nor an immediate sale (which can be a liquidity event). Such awards are common tools to retain executives and align incentives with shareholder performance.