William B. Swain Jr., CEO and President of Crawford & Company, filed a Form 4 on August 20, 2026, reporting the exercise of two employee stock options and a same-day disposition of Class A Common Stock shares.

Key Highlights

  • First option exercise: 35,919 shares of Class A Common Stock acquired on August 20, 2026, at an exercise price of $9.22, bringing direct beneficial ownership to 387,894 shares.
  • Second option exercise: 36,010 shares acquired on the same date at an exercise price of $8.60, bringing direct beneficial ownership to 423,904 shares.
  • Share disposition: 54,452 shares disposed of on August 20, 2026, at $13.29 per share via an F-coded transaction, leaving direct beneficial ownership at 369,452 shares.
  • Derivative securities: Following the exercises, both employee stock options show 0 derivative securities beneficially owned, with each originally becoming exercisable at approximately 1/3 of the original grant amount per year.
  • Reporting person role: Swain holds dual roles as Director and CEO & President of Crawford & Company, listed on the exchange as CRDA and CRDB.

Option Exercises and Share Disposition by Crawford & Company's CEO

According to the filing, William B. Swain Jr. exercised two separate employee stock options on August 20, 2026, both tied to Class A Common Stock of Crawford & Company (CRDA/CRDB). Crawford & Company is the issuer named in the filing, with the registered ticker symbols appearing as CRDA and CRDB. The first option carried an exercise price of $9.22 per share and covered 35,919 shares. Per the filing's footnote, this option "became exercisable as to approximately 1/3 of original grant amount per year commencing" February 8, 2018, with an expiration date of February 8, 2027.

The second option had an exercise price of $8.60 per share and covered 36,010 shares. According to the filing, it similarly "became exercisable as to approximately 1/3 of original grant amount per year commencing" February 7, 2019, with an expiration date of February 7, 2028. After both M-coded exercises, the filing reports that Swain's direct beneficial ownership reached 423,904 shares of Class A Common Stock.

Also on August 20, 2026, the filing records an F-coded transaction, reflecting a disposition of 54,452 shares at $13.29 per share. Following this transaction, the filing states that Swain's direct beneficial ownership of Class A Common Stock stood at 369,452 shares. The filing notes that following the option exercises, the number of derivative securities beneficially owned under each option is reported as 0. All transactions were reported as direct ownership, and the filing was made by one reporting person.

What Was Disclosed

The filing reports three transactions on August 20, 2026, by Crawford & Company's CEO and President: two employee stock option exercises covering a combined 71,929 shares and one share disposition of 54,452 shares at $13.29, resulting in direct beneficial ownership of 369,452 Class A Common Stock shares.