Form 4: Nevro Corp Director Elizabeth H. Weatherman Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Elizabeth H. Weatherman reports acquiring 1,372 shares of Nevro Corp common stock on March 31, 2024, in lieu of cash retainer fees.
Summary
- On March 31, 2024, Elizabeth H. Weatherman, a director of Nevro Corp, acquired 1,372 shares of common stock.
- The acquisition was made in lieu of cash for quarterly retainer fees.
- The price per share was $0.
- Following the transaction, Weatherman beneficially owns 55,780 shares of Nevro Corp, which includes 6,754 restricted stock units.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation.
Positives
- The director's decision to take stock in lieu of cash may signal confidence in the company's future prospects.
Industry Context
Directors receiving stock in lieu of cash compensation is a fairly common practice, particularly in growth-oriented companies. It aligns the director's interests with those of shareholders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, primarily reflecting internal compensation arrangements.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: Acquisition of common stock. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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