Form 4: Everi Holdings Inc. Executive Darren Simmons Reports Stock Transactions
SEC Form 4
Darren Simmons, EVP, FinTech Business Leader at Everi Holdings Inc., reports the acquisition and disposal of common stock and restricted stock units related to vesting and tax obligations.
Summary
- Darren Simmons, an executive at Everi Holdings Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 19, 2024, Simmons acquired 28,197 shares of common stock related to performance stock units vesting.
- Also on May 19, 2024, 6,566 restricted stock units vested.
- On May 20 and May 21, 2024, Simmons sold 1,619 and 6,897 shares of common stock, respectively, at prices of $7.32 and $7.37 to cover tax withholding obligations.
- Following these transactions, Simmons beneficially owns 190,425 shares of Everi Holdings Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The 'sell to cover' policy impacts the executive's net stock holdings.
Key Dates
| Date | Description |
|---|---|
| 05/19/2021 | Date of grant for original award of 19,700 restricted stock units that vested in equal installments on each of the first three anniversary dates following the date of grant. |
| 05/19/2024 | Acquisition of 28,197 shares of common stock and vesting of 6,566 restricted stock units. |
| 05/20/2024 | Sale of 1,619 shares of common stock at $7.32 per share. |
| 05/21/2024 | Sale of 6,897 shares of common stock at $7.37 per share. |
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