Form 4: EverCommerce CEO Eric Remer Sells Shares to Cover Taxes After RSU Vesting
SEC Form 4
Eric Remer, CEO of EverCommerce Inc., sold 4,016 shares of common stock on April 2, 2024, to cover taxes upon the vesting of restricted stock units.
Summary
- On April 2, 2024, Eric Richard Remer, the CEO of EverCommerce Inc. (EVCM), sold 4,016 shares of common stock at a price of $9 per share.
- The sale was executed to cover taxes upon the vesting of restricted stock units (RSUs).
- The transaction was made pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on August 18, 2021.
- Following the transaction, Remer directly owns 1,292,061 shares of EverCommerce Inc.
- Remer also indirectly owns shares through various family trusts and Buckrail Partners, LLC: 1,000,000 shares by EMJ Remer Family Trust, 35,000 shares by Remer Family Trust, 28,999 shares by Family Trust 1 and 8,148,663 shares by Buckrail Partners, LLC.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine transactions.
Key Dates
| Date | Description |
|---|---|
| 2021-08-18 | Date of adoption of Rule 10b5-1 trading plan. |
| 2024-04-02 | Date of transaction (share sale). |
| 2024-04-04 | Date of signature of the Form 4 filing. |
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