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

An Everi Holdings executive sold shares after performance stock units vested, with transactions occurring at a weighted average price of $13.46.

Summary

• Darren Simmons, an EVP at Everi Holdings, sold shares of common stock on December 12, 2024.
• The sales were a result of vested Performance Stock Units originally granted on May 26, 2020, and May 19, 2021.
• A total of 48,520 shares were sold at a weighted average price of $13.46.
• An additional 1,480 shares were sold at a weighted average price of $13.46.
• The shares were sold in multiple transactions with prices ranging from $13.46 to $13.47.

Sentiment

Score: 5

Explanation: The document describes a routine executive stock sale following vesting, which is neither particularly positive nor negative. It's a neutral event in the normal course of business.

Risks

• Executive share sales can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies, often tied to vesting schedules and personal financial planning. The impact on the stock price can vary depending on the size of the sale and market sentiment.

Comparison to Industry Standards

• Executive stock sales are a normal part of compensation packages in publicly traded companies.
• The sale of shares after vesting of performance stock units is a common practice.
• The price range of $13.46 to $13.47 is within the normal range of trading activity for Everi Holdings stock.

Stakeholder Impact

• The share sale may have a minor impact on the stock price, but it is not expected to have a significant impact on other stakeholders.

Key Dates

Keywords

Everi Holdings, EVRI, Darren Simmons, stock sale, performance stock units, executive transaction, vesting