Form 4: Nevro Corp. CFO MacLeod Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Roderick H. MacLeod, SVP and CFO of Nevro Corp., disposed of 1,619 shares of common stock on June 15, 2024, to satisfy tax withholding obligations related to restricted stock units.
Summary
- On June 18, 2024, Roderick H. MacLeod, the SVP and Chief Financial Officer of Nevro Corp., filed a Form 4 with the SEC.
- The form reports a transaction that occurred on June 15, 2024, where 1,619 shares of Nevro Corp. common stock were disposed of at a price of $9.03 per share.
- This transaction was to cover tax obligations related to restricted stock units.
- Following the transaction, MacLeod beneficially owns 136,510 shares of Nevro Corp., including 113,957 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | Date of stock disposal transaction. |
| 06/18/2024 | Date of Form 4 filing. |
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