Form 4: Everi Holdings CFO Mark Labay Reports Stock Transactions Following Vesting of Stock Units
SEC Form 4 Filing
EVP and CFO of Everi Holdings, Mark F. Labay, reports acquisition and disposal of common stock related to vesting of performance and restricted stock units, along with sales to cover tax obligations.
Summary
- On August 8, 2024, Mark F. Labay, EVP and CFO of Everi Holdings Inc., acquired 35,211 shares of common stock related to vested performance stock units.
- On the same day, Mr. Labay acquired 8,200 shares of common stock related to vested restricted stock units.
- On August 9, 2024, Mr. Labay sold 8,634 shares at $12.95 per share and 2,011 shares at $12.95 per share to cover tax withholding obligations.
- Following these transactions, Mr. Labay beneficially owns 192,426 shares of Everi Holdings Inc. common stock.
- The vesting of stock units was initially deferred due to the possession of material non-public information and to align with the Issuer's quarterly open trading window.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions related to vesting and tax obligations, which are routine events.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be useful for investors assessing management's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| May 19, 2021 | Date of grant for restricted stock units and performance stock units that vested. |
| August 8, 2024 | Date of acquisition of common stock from vested performance and restricted stock units. |
| August 9, 2024 | Date of sale of common stock to cover tax withholding obligations. |
| August 12, 2024 | Date of signature on the Form 4 filing. |
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