Form 4: Everi Holdings Executive Exercises and Sells Stock Options
SEC Form 4
Darren Simmons, EVP at Everi Holdings, exercised stock options and sold the resulting shares on September 10, 2024.
Summary
- On September 10, 2024, Darren Simmons, EVP, FinTech Business Leader at Everi Holdings Inc., exercised stock options to acquire 75,000 shares of common stock at a price of $7.74 per share.
- Simultaneously, Simmons sold 75,000 shares of Everi Holdings common stock at a weighted average price of $13.10, with prices ranging from $13.09 to $13.12.
- Following these transactions, Simmons directly owns 190,425 shares of Everi Holdings common stock.
- The stock options exercised were originally granted on April 22, 2015, and were set to expire on April 22, 2025.
Sentiment
Score: 6
Explanation: The document describes a routine transaction. It's neutral from an investment perspective as it's a standard part of executive compensation.
Industry Context
Executive stock option exercises and sales are a common occurrence in publicly traded companies and are part of executive compensation packages. The sale provides liquidity to the executive and the exercise is generally seen as a positive sign.
Comparison to Industry Standards
- Executive compensation packages often include stock options to align management's interests with those of shareholders.
- The vesting and expiration terms of these options are generally in line with industry standards.
- The sale of shares after exercising options is a common practice among executives to diversify their holdings.
Key Dates
| Date | Description |
|---|---|
| 04/22/2015 | Original grant date of the stock options that were exercised. |
| 04/22/2025 | Expiration date of the stock options. |
| 09/10/2024 | Date of the stock option exercise and sale of shares. |
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