Form 4: Nevro Corp Executive Richard B. Carter Reports Stock Transactions

Richard B. Carter, Chief Accounting Officer of Nevro Corp, reports acquisition and disposal of company stock, including performance stock units and restricted stock units.

Summary

• On March 4, 2024, Richard B. Carter, Chief Accounting Officer of Nevro Corp, reported transactions involving Nevro Corp [NVRO] common stock.
• Carter acquired 212 shares of common stock at $0, representing the vesting of Performance Stock Units (PSUs) initially granted on March 1, 2022.
• These PSUs were subject to a performance-based vesting condition, and the Compensation Committee certified the achievement of the first milestone.
• Carter also disposed of 125 shares of common stock at $14.51.
• Following these transactions, Carter beneficially owns 36,486 shares of Nevro Corp common stock, which includes 29,212 restricted stock units.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine stock transactions. The vesting of PSUs is a positive signal, but the disposal of shares introduces a slightly negative element.

Positives

• The vesting of Performance Stock Units indicates the achievement of a performance milestone, as certified by the Compensation Committee.

Negatives

• The disposal of 125 shares, while small, could be interpreted negatively by some investors.

Risks

• Executive stock transactions are always subject to interpretation and could be driven by a variety of factors unrelated to company performance.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are routinely disclosed to the SEC.

Stakeholder Impact

• The stock transactions may have a minor impact on shareholders' perception of the company.

Key Dates