Form 4: EverCommerce Inc. Chief Accounting Officer Ryan H. Siurek Reports Stock Transaction

Ryan H. Siurek, Chief Accounting Officer of EverCommerce Inc., reported the withholding of 1,396 common stock shares to cover tax obligations related to vested Restricted Stock Units.

Summary

• This document is a Form 4 filing, which reports changes in beneficial ownership of securities.
• Ryan H. Siurek, the Chief Accounting Officer of EverCommerce Inc., had 1,396 shares of common stock withheld by the company.
• This withholding was to cover his tax obligations related to the vesting of Restricted Stock Units (RSUs) granted on February 22, 2024.
• Following this transaction, Mr. Siurek beneficially owns 129,725 shares of EverCommerce Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral to slightly positive as it indicates the executive is receiving compensation.

Industry Context

Form 4 filings are a standard part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are a common practice for all publicly traded companies in the United States, such as EverCommerce Inc. and are required by the SEC.
• The transaction is typical for executives receiving stock-based compensation, where a portion of shares are withheld to cover tax obligations.
• Similar filings can be seen from executives at comparable companies such as HubSpot (HUBS) and Shopify (SHOP).

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares being withheld for tax purposes.

Key Dates

Keywords

Form 4, Beneficial Ownership, EverCommerce Inc., Ryan H. Siurek, Restricted Stock Units, Tax Withholding, EVCM, Chief Accounting Officer