Form 4: Evertec Executive Karla Cruz Reports Stock Transactions
SEC Form 4
Karla Cruz, Chief Accounting Officer of Evertec, Inc., reports the disposition of shares to cover tax liabilities and a sale of shares on the open market.
Summary
- Karla Cruz, Chief Accounting Officer of Evertec, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 5, 2025, 2,923 shares of common stock were disposed of to cover tax liabilities related to vesting restricted stock units (RSUs).
- These shares were withheld by the issuer at a price of $37.92 per share.
- On March 7, 2025, Ms. Cruz sold 2,000 shares of common stock at an average price of $36.7733 per share.
- Following these transactions, Ms. Cruz beneficially owns 18,065 shares of Evertec, Inc.
- The sale was executed on the open market.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by an executive, which is neither particularly positive nor negative.
Industry Context
Executive stock transactions are a normal part of corporate governance and are publicly disclosed to ensure transparency.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small volume of shares involved.
Key Dates
| Date | Description |
|---|---|
| February 25, 2022 | Date of RSU grant related to tax liability. |
| February 24, 2023 | Date of RSU grant related to tax liability. |
| February 29, 2024 | Date of RSU grant related to tax liability. |
| March 5, 2025 | Disposition of 2,923 shares to cover tax liability. |
| March 7, 2025 | Sale of 2,000 shares on the open market. |
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