Form 4: EVERTEC Director Ivan Pagan Disposes of Shares for Tax Obligations Following RSU Vesting
Insider Transaction Report
EVERTEC, Inc. Director Ivan Pagan disposed of 870 shares of common stock to cover tax liabilities associated with the vesting of restricted stock units.
Summary
- Ivan Pagan, a Director at EVERTEC, Inc. (EVTC), reported a disposition of common stock.
- On June 4, 2025, 870 shares of EVERTEC common stock were disposed of at a price of $35.96 per share.
- This transaction was identified as a 'F' transaction code, indicating a disposition to the Issuer to pay tax liability.
- The shares were withheld by EVERTEC to satisfy the reporting person's tax obligations related to the vesting of restricted stock units (RSUs) that were granted on May 23, 2024.
- Following this transaction, Ivan Pagan beneficially owns 15,716 shares of EVERTEC common stock directly.
Sentiment
Score: 5
Explanation: The transaction is a routine tax withholding related to RSU vesting, which is a non-discretionary event and does not indicate a positive or negative sentiment regarding the company's future performance.
Industry Context
This filing is a routine disclosure of an insider transaction, specifically a disposition of shares to cover tax liabilities arising from equity compensation. Such transactions are common across industries when restricted stock units or similar equity awards vest, and do not typically reflect a discretionary sale or a change in management's outlook on the company's performance.
Stakeholder Impact
- Shareholders: The disposition of a relatively small number of shares for tax purposes is a routine event and is unlikely to have a material impact on the company's stock price or shareholder value.
- Employees: This transaction highlights the standard process for equity compensation vesting and associated tax obligations, which is relevant for employees receiving similar awards.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date restricted stock units (RSUs) were granted to the reporting person. |
| 06/04/2025 | Date of transaction where shares were disposed of to cover tax liability from RSU vesting. |
Keywords
EVERTEC, EVTC, SEC Form 4, Insider Transaction, Director, Stock Disposition, Restricted Stock Units, Tax Withholding, Equity Compensation
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