CEO Ryan Hicke sells $4.15M of common stock

What did SEI INVESTMENTS CO announce?

CEO Ryan Hicke sold 37,500 shares of common stock for a total of $4,151,662.50, not under a 10b5-1 plan.

Key details

• Ryan Hicke, the Chief Executive Officer, sold 37,500 shares.
• The total value of the transaction was $4,151,662.50.
• The sale was an open-market transaction.
• This transaction was not executed under a pre-arranged 10b5-1 trading plan.

Why it matters

This 4 reports an insider transaction at SEI INVESTMENTS CO. The likely share-price reaction reads as negative.

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