Form 4: Everi Holdings CEO Randy Taylor Reports Stock Transactions
SEC Form 4 Filing
Randy Taylor, President & CEO of Everi Holdings Inc., reports the acquisition and disposal of common stock and restricted stock units to cover tax obligations.
Summary
- Randy Taylor, the President and CEO of Everi Holdings Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 10, 2024, Taylor acquired common stock through the vesting of restricted stock units: 16,667 shares, 32,934 shares, and 22,233 shares.
- On May 14, 2024, Taylor sold shares to cover tax withholding obligations related to the settlement of restricted stock units: 6,680 shares at $7.62, 13,192 shares at $7.61, and 8,841 shares at $7.73.
- Following these transactions, Taylor directly owns 585,281 shares of Everi Holdings Inc. common stock.
- The sales were mandated by Everi's 'sell to cover' policy to satisfy tax obligations.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they are related to executive compensation and tax obligations.
- The 'sell to cover' policy ensures that the company meets its tax obligations related to employee stock compensation.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Date of grant for an original award of 50,000 restricted stock units vesting in equal installments over three years. |
| 05/03/2022 | Date of grant for an original award of 66,700 restricted stock units vesting in equal installments over three years. |
| 05/02/2023 | Date of grant for an original award of 98,800 restricted stock units vesting in equal installments over three years. |
| 05/10/2024 | Vesting of restricted stock units and acquisition of common stock. |
| 05/14/2024 | Sale of common stock to cover tax withholding obligations. |
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