Form 4: EVERTEC EVP Brignardello Reports RSU Tax Withholding

EVERTEC Executive Vice President Daniel Brignardello reported the withholding of 6,087 common shares to cover tax liabilities related to RSU vesting.

Summary

• Daniel Brignardello, Executive Vice President of EVERTEC, Inc., reported a transaction on March 5, 2026.
• A total of 6,087 shares of common stock were disposed of through withholding by the Issuer.
• The shares were withheld to satisfy tax liabilities associated with the vesting of time-based Restricted Stock Units (RSUs).
• The deemed price for the disposed shares was $28.35 per share.
• Following this transaction, Daniel Brignardello beneficially owns 25,190 shares of EVERTEC common stock.
• The withheld shares relate to RSUs granted on February 24, 2023 (492 and 2,213 shares), February 29, 2024 (1,719 shares), and February 28, 2025 (1,663 shares).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine compliance filing for executive compensation and tax management, with no material impact on the company's operational or financial performance.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates that the executive has met performance or time-based criteria, representing earned compensation.

Negatives

• No direct negatives for the company or investors are indicated by this routine compliance filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that the withholding of shares to cover tax obligations upon the vesting of Restricted Stock Units (RSUs) is a standard and routine practice for executive compensation across various industries. It reflects the settlement of earned equity compensation rather than a discretionary sale.

Comparison to Industry Standards

• This transaction aligns with common industry practices for executive compensation and tax management related to equity awards. Companies like Visa (V) and Mastercard (MA), also in the payments processing sector, frequently report similar Form 4 filings for their executives when RSUs vest and shares are withheld for taxes.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction related to executive compensation.
• Employees: No direct impact beyond the executive involved.

Key Dates

Keywords

EVERTEC, EVTC, Form 4, Insider Transaction, RSU, Stock Withholding, Executive Compensation, Tax Liability