Form 4: Nevro Corp Director Elizabeth H. Weatherman Acquires Shares in Lieu of Cash Retainer

Director Elizabeth H. Weatherman acquired 2,353 shares of Nevro Corp common stock on June 30, 2024, in lieu of a cash retainer.

Summary

• On June 30, 2024, Elizabeth H. Weatherman, a director of Nevro Corp, acquired 2,353 shares of common stock.
• The acquisition was made in lieu of receiving a cash retainer fee.
• The shares were acquired at a price of $0.
• Following the transaction, Weatherman's total holdings include 77,302 shares of common stock, including 19,169 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. A director taking shares in lieu of cash is generally a positive sign, but the transaction itself is routine.

Positives

• A director taking shares in lieu of cash demonstrates confidence in the company's future.

Industry Context

Directors receiving stock in lieu of cash compensation is a fairly common practice, particularly in growth-oriented companies, as it aligns their interests with those of shareholders.

Comparison to Industry Standards

• Comparing Weatherman's holdings to those of other directors in similar medical device companies would provide context on the significance of her stake.
• Benchmarking the decision to take stock in lieu of cash against industry norms for director compensation would also be informative.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates