Form 4: EVERTEC Director Ivan Pagan Acquires 4,113 Shares Through Restricted Stock Unit Grant

EVERTEC, Inc. Director Ivan Pagan acquired 4,113 shares of common stock on May 22, 2025, through a restricted stock unit grant, increasing his direct beneficial ownership to 16,586 shares.

Summary

• Ivan Pagan, a Director of EVERTEC, Inc. (EVTC), acquired 4,113 shares of common stock.
• The transaction occurred on May 22, 2025, and was reported on a Form 4 filed on June 2, 2025.
• The acquisition was a grant of restricted stock units (RSUs), a form of equity compensation.
• These RSUs were granted at a price of $37.07 per share.
• The granted restricted stock units are scheduled to vest on May 31, 2026.
• Following this transaction, Mr. Pagan directly beneficially owns a total of 16,586 shares of EVERTEC common stock.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects an insider's increased stake in the company through an equity grant, which generally signals alignment with shareholder interests. However, it is a routine compensation event rather than a discretionary open-market purchase, limiting its immediate impact on sentiment.

Positives

• The acquisition of 4,113 shares by Director Ivan Pagan through an RSU grant aligns his interests with shareholders, indicating a commitment to the company's long-term performance.
• The grant of restricted stock units is a common form of equity compensation, incentivizing long-term performance and retention of key personnel within the company.

Negatives

• NA

Risks

• NA

Future Outlook

The restricted stock units granted to Director Ivan Pagan are scheduled to vest on May 31, 2026, indicating a future milestone for this equity compensation and continued alignment of the director's interests with the company's performance.

Management Comments

• NA

Industry Context

The grant of restricted stock units (RSUs) to a director is a standard practice in the financial technology and payment processing industry, aligning executive incentives with long-term shareholder value creation and retention. This type of compensation is common across publicly traded companies to attract and retain talent.

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: The increased beneficial ownership by a director through an RSU grant aligns management's interests with those of shareholders, potentially fostering long-term value creation.
• Employees: This transaction reflects standard equity compensation practices, which can be a positive signal regarding the company's approach to incentivizing and retaining key personnel.

Next Steps

• The restricted stock units granted to Director Ivan Pagan are scheduled to vest on May 31, 2026.

Key Dates

Recommendation

Keywords

EVERTEC, EVTC, Insider Trading, Form 4, Restricted Stock Units, RSU, Director, Equity Compensation, Share Acquisition