Form 4: Evercore CFO Converts Equity Units on Performance Targets

Evercore Inc.'s CFO, Timothy Gilbert LaLonde, converted 100,000 Class K-P Units into 150,000 Class K Units of Evercore LP following the achievement of service and performance conditions.

Summary

• Timothy Gilbert LaLonde, Chief Financial Officer of Evercore Inc. (EVR), completed an equity transaction on December 31, 2025.
• The transaction involved the conversion of 100,000 Class K-P Units of Evercore LP into 150,000 Class K Units of Evercore LP.
• This conversion was triggered by the achievement of specified service conditions and performance targets.
• Class K Units are exchangeable on a one-for-one basis into Class A common stock of Evercore Inc., subject to certain restrictions, without additional consideration.
• Following the transaction, Mr. LaLonde beneficially owns 150,000 Class K Units directly and 0 Class K-P Units.

Sentiment

Score: 7

Explanation: The filing indicates positive executive performance and alignment of interests through equity conversion based on achieved targets, which is generally a positive signal for the company's internal operations and governance.

Positives

• The conversion of Class K-P Units to Class K Units indicates the achievement of service conditions and performance targets by the Chief Financial Officer, reflecting positive executive performance.
• The Class K Units are exchangeable into Class A common stock, aligning the CFO's interests with those of common shareholders.

Future Outlook

The acquired Class K Units are exchangeable into Class A common stock on a one-for-one basis, indicating a future potential for the CFO to convert these units into publicly traded shares, subject to certain restrictions.

Industry Context

This filing represents a routine insider transaction related to executive compensation, where equity units are converted based on pre-defined performance and service conditions. Such mechanisms are common in the financial services industry to align executive incentives with long-term company performance and shareholder value.

Comparison to Industry Standards

• The use of performance-based equity units (Class K-P Units) that convert to exchangeable units (Class K Units) upon achievement of targets is a standard practice in executive compensation across the financial industry, including investment banking firms like Evercore.
• This structure is comparable to long-term incentive plans at other publicly traded financial institutions, designed to retain key talent and incentivize performance over multi-year periods.

Stakeholder Impact

• Shareholders: The conversion aligns the CFO's interests with shareholders through equity ownership, potentially motivating long-term performance. Future conversion to Class A common stock could lead to minor dilution.
• Employees (CFO): The transaction represents a successful outcome of the CFO's performance and service, reinforcing compensation incentives.

Next Steps

• The Class K Units held by the CFO are subject to certain restrictions but are exchangeable into Class A common stock on a one-for-one basis, implying a potential future conversion into common shares.

Key Dates

Keywords

Evercore, EVR, Insider Transaction, CFO, Equity Conversion, Class K Units, Performance Targets, Beneficial Ownership