Form 4: Evercore Director Gail Block Harris Receives Stock Grant

Evercore Inc. Director Gail Block Harris has been awarded 364 restricted stock units, increasing her total beneficial ownership to 40,151 shares.

Summary

• Gail Block Harris, a member of the Board of Directors, acquired 364 shares of Class A common stock on June 10, 2026.
• The acquisition was a grant of restricted stock units (RSUs) with a transaction price of $0.00.
• Following this transaction, Harris directly owns a total of 40,151 shares of Evercore Inc.
• The restricted stock units are scheduled to be delivered on June 10, 2027, provided vesting conditions are met.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as it confirms ongoing director alignment with shareholders without any insider selling.

Positives

• Director compensation is aligned with shareholder interests through equity-based awards.
• The reporting person maintains a significant stake in the company with over 40,000 shares owned.
• No shares were sold in this transaction, indicating a retention of equity.

Negatives

• The grant represents a small amount of potential dilution to existing shareholders, though typical for director compensation.

Risks

• The value of the award is subject to market fluctuations of Evercore Inc. stock until the vesting date in June 2027.
• Vesting is subject to continued service or specific accelerated vesting conditions.

Future Outlook

The restricted stock units will vest and be delivered as common stock on June 10, 2027, assuming the director remains in her role or meets specific acceleration criteria.

Management Comments

• The restricted stock units will be delivered on June 10, 2027, subject to accelerated vesting in certain circumstances.

Industry Context

StockSavvy.ai notes that equity grants for non-employee directors are standard practice among boutique investment banks to ensure board members have 'skin in the game' and are focused on long-term corporate performance.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) for director compensation is consistent with peers such as Lazard Ltd and Moelis & Company.
• The one-year cliff vesting schedule is a standard timeframe for annual director equity retainers in the financial services sector.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal dilution from the grant of 364 shares, offset by the benefit of director alignment.
• Management/Board: Gail Block Harris increases her vested interest in the company's long-term success.

Next Steps

• Vesting and delivery of 364 shares of Class A common stock on June 10, 2027.

Key Dates

Recommendation

This is a routine administrative filing regarding director compensation and does not signal a change in company fundamentals or strategic direction.

Keywords

Evercore Inc., EVR, Insider Trading, Director Compensation, Restricted Stock Units, Gail Block Harris, Class A Common Stock