Form 4: Evertec Director Ivan Pagan Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Ivan Pagan disposed of 757 shares of Evertec, Inc. to cover tax liabilities related to vesting restricted stock units.
Summary
- On June 6, 2024, Ivan Pagan, a director of EVERTEC, Inc., disposed of 757 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, Pagan directly owns 19,325 shares of Evertec common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company director. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/01/2023 | Date of restricted stock units grant. |
| 06/06/2024 | Date of transaction (stock disposal). |
| 06/07/2024 | Date of signature on the report. |
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