Form 4: Nevro Corp Executive Greg Siller Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Chief Commercial Officer Greg Siller reports acquisition of 75,893 restricted stock units (RSUs) in Nevro Corp.
Summary
- On March 7, 2024, Greg Siller, Chief Commercial Officer of Nevro Corp, acquired 75,893 restricted stock units (RSUs).
- These RSUs convert to common stock on a 1:1 basis upon vesting.
- One-third of the RSUs will vest on March 7, 2025, with the remainder vesting quarterly thereafter, completing by the third anniversary of the grant date, contingent on continued service.
- Following the transaction, Siller beneficially owns 157,943 RSUs.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a standard regulatory filing regarding executive compensation.
Positives
- The vesting schedule of the RSUs incentivizes continued service by Greg Siller to Nevro Corp.
Industry Context
This filing is a routine disclosure of executive compensation in the form of stock-based awards, common in publicly traded companies to align management interests with shareholder value.
Stakeholder Impact
- The RSU grant aligns executive interests with shareholder value by incentivizing long-term performance.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of transaction: Greg Siller acquired 75,893 RSUs. |
| 03/07/2025 | First vesting date: 1/3rd of the RSUs will vest. |
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