Form 4: Evertec Director Brian John Smith Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Brian John Smith disposed of 88 shares of Evertec, Inc. common stock on June 6, 2024, to cover tax liabilities associated with vesting restricted stock units.
Summary
- On June 6, 2024, Brian John Smith, a director of Evertec, Inc., disposed of 88 shares of common stock.
- The transaction was executed to cover the tax liability resulting from 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, Smith directly owns 55,337 shares of Evertec common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where shares are sold to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/01/2023 | Date of grant for restricted stock units that vested. |
| 06/06/2024 | Date of transaction: Disposal of shares to cover tax liability. |
| 06/07/2024 | Date of signature on the Form 4 filing. |
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