Form 4: Everi Holdings CFO Sells Shares Following Vesting of Stock Units

Everi Holdings' CFO, Mark F. Labay, sold a total of 49,990 shares of common stock on November 25, 2024, following the vesting of performance and restricted stock units.

Summary

• Mark F. Labay, the EVP and CFO of Everi Holdings Inc., sold 49,990 shares of common stock on November 25, 2024.
• The sales were executed at a weighted average price of $13.38 per share.
• The shares sold were related to the vesting of Performance Stock Units granted on May 26, 2020, and Restricted Stock Units granted on May 22, 2018, and March 13, 2020.
• The sales were conducted in multiple transactions with prices ranging from $13.35 to $13.47.
• Following these transactions, Mr. Labay beneficially owns 142,426 shares of Everi Holdings common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock sales by an executive, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine filing related to stock sales by a company executive following the vesting of stock units, which is a common practice in publicly traded companies.

Comparison to Industry Standards

• Executive stock sales following vesting are a common practice across publicly traded companies.
• The sale of shares by the CFO is not unusual and is often part of a pre-planned strategy for personal financial management.
• Similar filings are regularly made by executives at comparable companies such as Scientific Games and International Game Technology.

Stakeholder Impact

• The stock sales by the CFO may have a minor impact on the stock price, but it is unlikely to be significant given the relatively small volume of shares sold compared to the total outstanding shares.
• The sales do not indicate any change in the company's performance or outlook.

Key Dates

Keywords

Everi Holdings, Mark F. Labay, CFO, stock sale, insider trading, Form 4, vesting, performance stock units, restricted stock units