Form 4: Evertec Director Alan H. Schumacher Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Director Alan H. Schumacher disposed of 119 shares of Evertec stock to cover tax liabilities related to vesting restricted stock units.
Summary
- On June 6, 2024, Alan H. Schumacher, a director of EVERTEC, Inc., disposed of 119 shares of common stock.
- The transaction was executed to cover the tax liability associated with the vesting of restricted stock units granted on June 1, 2023.
- The shares were disposed of at a price of $34.97 per share.
- Following the transaction, Schumacher directly owns 43,143 shares of Evertec common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. This filing indicates a transaction related to tax obligations from vested equity.
Key Dates
| Date | Description |
|---|---|
| 06/01/2023 | Date of grant for restricted stock units that triggered the tax liability. |
| 06/06/2024 | Date of stock disposal to cover tax liability. |
| 06/07/2024 | Date of signature for the Form 4 filing. |
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