Form 4: EVERTEC EVP's Stock Holdings Update Post-RSU Vesting

EVERTEC Executive Vice President Paola Perez-Surillo reported an increase in direct common stock ownership following RSU vesting and tax-related share withholding.

Summary

• Paola Perez-Surillo, Executive Vice President of EVERTEC, Inc., reported changes in her beneficial ownership of common stock.
• On March 3, 2026, 24,404 shares of common stock were acquired at $28.35 per share due to the vesting of performance-based restricted stock units (RSUs).
• These performance-based RSUs were originally granted on February 24, 2023, and vested based on EVERTEC's achievement of an adjusted EBITDA target for 2023, subject to a three-year total shareholder return modifier.
• Concurrently, 13,818 shares of common stock were disposed of at $28.35 per share to cover tax liabilities associated with the vesting of various RSUs.
• Following these transactions, beneficial ownership stands at 45,789 shares of EVERTEC common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a routine insider transaction, with the vesting of performance-based RSUs indicating the achievement of company financial targets, which is a positive signal.

Positives

• The vesting of 24,404 performance-based RSUs indicates that EVERTEC achieved its adjusted EBITDA target for 2023, a positive sign for operational performance.
• The vesting was also subject to a total shareholder return modifier over a three-year period, suggesting alignment with shareholder value creation.

Negatives

• 13,818 shares were withheld to cover tax liabilities, which is a standard practice for RSU vesting and reduces the direct beneficial ownership of the reporting person.

Future Outlook

This filing, an insider transaction report, does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that insider transaction filings like Form 4 provide transparency into executive compensation and ownership changes, which can be a signal for investor sentiment, though this specific filing primarily reflects routine RSU vesting and tax withholding based on previously set performance criteria.

Stakeholder Impact

• Shareholders gain transparency into executive compensation and ownership changes, which can inform their assessment of management's alignment with shareholder interests.

Key Dates

Recommendation

This Form 4 reports routine executive compensation vesting and tax withholding, which does not provide a strong signal for a significant change in the company's fundamental value or future prospects. It confirms the achievement of past performance targets but offers no new forward-looking information to warrant a buy or sell recommendation.

Keywords

EVERTEC, EVTC, Form 4, Insider Transaction, RSU Vesting, Executive Compensation, Stock Ownership