Form 4: Nevro Corp Director Susan E. Siegel Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Susan E. Siegel reports acquisition of 19,169 restricted stock units (RSUs) in Nevro Corp, along with adjustments to direct and indirect holdings.
Summary
- On May 23, 2024, Susan E. Siegel, a director of Nevro Corp, reported acquiring 19,169 restricted stock units (RSUs).
- These RSUs will vest on the earlier of May 23, 2025, or the next Annual Meeting following May 23, 2024, contingent upon continued service to the Issuer.
- The reporting person also directly owns 31,333 shares of common stock.
- Additionally, 628 shares are held indirectly through the Reed-Siegal Revocable Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Future Outlook
The RSUs vest based on continued service, indicating an incentive for the director to remain with the company.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency regarding their transactions in the company's securities.
Stakeholder Impact
- The acquisition of RSUs aligns the director's interests with those of the shareholders.
- The vesting conditions incentivize continued service to the company.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of transaction: Acquisition of restricted stock units. |
| 05/23/2025 | RSUs vest on the earlier of (i) one year anniversary of May 23, 2024 or (ii) the next Annual Meeting following May 23, 2024. |
| 05/28/2024 | Date of report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.