Mark E. Bertels, Executive Vice President of Risk Management Services at CorVel Corp, reported the acquisition of 6,000 non-qualified stock options on November 5, 2026, in a statement of changes in beneficial ownership filed on November 9, 2026.

Key Highlights

  • Reporting person: Mark E. Bertels, EVP - Risk Management Services at CorVel Corp (NASDAQ:CRVL)
  • Security acquired: 6,000 non-qualified stock options (right to buy common stock), with transaction code "A" (acquired)
  • Exercise price: $85.91 per share, with an expiration date of 11/05/2031
  • Price of derivative security: $0.0 at time of grant
  • Vesting condition: Options will vest based on achievement of certain performance criteria relating to earnings growth, according to the filing
  • Post-transaction holdings: Bertels beneficially owns 6,000 derivative securities directly following this transaction

CorVel Corp Option Grant to Bertels: Transaction Details and Vesting Terms

According to the filing, Mark E. Bertels, who serves as Executive Vice President of Risk Management Services at CorVel Corp, acquired 6,000 non-qualified stock options on November 5, 2026. The options carry an exercise price of $85.91 per share and are set to expire on November 5, 2031. The filing records the price of the derivative security at $0.0 at the time of grant, and ownership is held directly by Bertels.

CorVel Corp, listed on NASDAQ under the ticker CRVL, is the issuer of the underlying common stock. The filing notes that the options "will vest based on achievement of certain performance criteria relating to earnings growth," meaning the exercisability of these options is contingent on meeting specified performance benchmarks rather than on a fixed time schedule alone. The form was signed by Sharon O'Connor on behalf of Mark Bertels and filed on November 9, 2026. No shares of common stock in Table I were reported as acquired or disposed of in connection with this transaction.

What Was Disclosed

The filing reports a single grant of 6,000 non-qualified stock options to CorVel Corp's EVP of Risk Management Services, Mark E. Bertels, with an exercise price of $85.91, an expiration of November 5, 2031, and performance-based vesting tied to earnings growth criteria.