Form 4: Evercore Inc. Director Roger C. Altman Reports Changes in Beneficial Ownership

Roger C. Altman, Founder and Senior Chairman of Evercore Inc., reports acquisition of shares through partnership unit exchange and a gift of shares to non-profit institutions.

Summary

• Roger C. Altman, a Director and Founder and Senior Chairman of Evercore Inc., filed a Form 4 detailing changes in his beneficial ownership of Evercore Inc. stock.
• On July 25, 2024, Altman acquired 17,000 shares of Class A common stock through the exchange of Evercore LP partnership units.
• Following this transaction, Altman directly owns 100,946 shares of Class A common stock.
• On July 26, 2024, Altman gifted 17,000 shares of Class A Common Stock to unaffiliated not-for-profit institutions.
• Following this transaction, Altman directly owns 83,946 shares of Class A common stock.
• Altman also holds partnership units of Evercore LP, which are exchangeable on a one-to-one basis for shares of Evercore Inc. Class A common stock.
• After the transaction, Altman beneficially owns 244,934 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of shares through partnership unit exchange could be seen as a positive sign of Altman's confidence in Evercore's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in Roger Altman's holdings of Evercore Inc. stock.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company.

Key Dates