Form 4: Everi Holdings Inc. Executive Darren Simmons Acquires 77,100 Restricted Stock Units

EVP Darren Simmons of Everi Holdings Inc. reports the acquisition of 77,100 restricted stock units, convertible to common stock, vesting over three years.

Summary

• Darren Simmons, EVP, FinTech Business Leader at Everi Holdings Inc., filed a Form 4 on May 8, 2025.
• The report details the acquisition of 77,100 restricted stock units on May 6, 2025.
• These restricted stock units represent a contingent right to receive one share of Everi Holdings Inc.'s common stock each.
• The units will vest in equal installments over the first three anniversary dates following the grant date of May 6, 2025.
• Following the transaction, Simmons directly owns 77,100 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard executive compensation practice, indicating confidence in the company's future performance.

Positives

• The acquisition of restricted stock units by an executive can be seen as a positive sign, aligning the executive's interests with those of the shareholders.

Future Outlook

The restricted stock units will vest over the next three years, potentially increasing Simmons' stake in Everi Holdings Inc.

Industry Context

This type of equity compensation is common in the industry to incentivize and retain key executives.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded companies to align executive interests with shareholder value.
• Companies like Scientific Games (now Light & Wonder) and International Game Technology (IGT) also utilize stock options and restricted stock units as part of their executive compensation packages.
• The vesting schedule of three years is also a common practice to ensure long-term commitment from the executive.

Stakeholder Impact

• The acquisition of restricted stock units by an executive can positively influence shareholder confidence.
• It aligns the executive's interests with those of the shareholders, potentially driving long-term value creation.

Key Dates

Keywords

restricted stock units, Form 4, Everi Holdings Inc., Darren Simmons, executive compensation, equity, EVRI