Form 4: EverCommerce CEO Eric Remer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Eric Remer, CEO of EverCommerce Inc., disposed of 19,120 shares of common stock on September 3, 2024, to cover tax withholding obligations.
Summary
- On September 3, 2024, Eric Remer, the CEO of EverCommerce Inc., disposed of 19,120 shares of common stock.
- The transaction was executed to cover the reporting person's tax withholding obligation upon the vesting of Restricted Stock Units (RSUs) granted on March 1, 2022, and March 3, 2023.
- The shares were sold at a price of $10.35.
- Following the transaction, Remer directly owns 1,221,394 shares of EverCommerce Inc.
- Remer also indirectly owns shares through various trusts and Buckrail Partners, LLC.
Sentiment
Score: 6
Explanation: The document is neutral. It simply reports a transaction related to tax obligations, which is a normal part of executive compensation.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock sales by executives.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of Restricted Stock Units grant. |
| 03/03/2023 | Date of Restricted Stock Units grant. |
| 09/03/2024 | Date of transaction (share disposal). |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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