Form 4: EverCommerce CEO Eric Remer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Eric Remer disposed of shares to cover tax obligations related to vesting Restricted Stock Units.
Summary
- Eric Richard Remer, CEO of EverCommerce Inc., filed a Form 4 on August 23, 2024, reporting a transaction that occurred on August 22, 2024.
- The transaction involved the disposition of 13,772 shares of common stock at a price of $10.25.
- These shares were withheld by EverCommerce to cover Remer's tax withholding obligations upon the vesting of Restricted Stock Units granted on February 22, 2024.
- Following the transaction, Remer directly owns 1,240,514 shares of EverCommerce common stock.
- Remer also indirectly owns shares through various family trusts and Buckrail Partners, LLC.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it's neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/22/2024 | Date of grant for Restricted Stock Units. |
| 08/22/2024 | Date of transaction (disposal of shares for tax withholding). |
| 08/23/2024 | Date of Form 4 filing. |
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