Form 4: Evertec Director Frank G. D'Angelo Reports Tax Liability Stock Disposal
SEC Form 4
Frank G. D'Angelo, a director of Evertec, Inc., disposed of 203 shares of common stock on June 6, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On June 6, 2024, Frank G. D'Angelo, a director of Evertec, Inc., disposed of 203 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, D'Angelo directly owns 15,811 shares of Evertec common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, 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 related to tax obligations arising from equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/01/2023 | Date of grant for the restricted stock units that triggered the tax liability. |
| 06/06/2024 | Date of the transaction where 203 shares were disposed of to cover tax liability. |
| 06/07/2024 | Date of signature on the Form 4 filing. |
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