Form 4: Everi Holdings EVP Kate Lowenhar-Fisher Reports Stock Transactions

Kate Lowenhar-Fisher, EVP and Chief Legal Officer of Everi Holdings Inc., reports the acquisition and disposal of common stock and restricted stock units to cover tax obligations.

Summary

• Kate Lowenhar-Fisher, EVP and Chief Legal Officer of Everi Holdings Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 10, 2024, Ms. Lowenhar-Fisher acquired 7,200 and 4,633 shares of common stock through the vesting of restricted stock units.
• Also on May 10, 2024, restricted stock units were converted into common stock.
• On May 14, 2024, she sold 2,898 shares at $7.60 and 1,844 shares at $7.73 to cover tax withholding obligations related to the settled restricted stock units.
• Following these transactions, Ms. Lowenhar-Fisher directly owns 50,151 shares of Everi Holdings Inc. common stock and 4,633 restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions are routine and related to compensation and tax obligations.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in financial analysis to gauge management's sentiment and potential future performance.
• Comparing the volume and frequency of insider transactions at Everi to those of its competitors, such as International Game Technology (IGT) or Scientific Games (now Light & Wonder), can provide insights into the relative health and prospects of the company.
• For example, a consistent pattern of insider selling across multiple executives might raise concerns, while insider buying could signal confidence in the company's future.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they are related to executive compensation and tax obligations.

Key Dates