Form 4: Evertec Executive Paola Perez-Surillo Reports Stock Transactions
SEC Form 4
Paola Perez-Surillo, an Executive Vice President at Evertec, Inc., reports the disposition of shares to cover tax liabilities and a sale of common stock.
Summary
- Paola Perez-Surillo, an Executive Vice President at EVERTEC, Inc. (EVTC), filed a Form 4 detailing changes in beneficial ownership.
- On March 5, 2025, 5,755 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, Perez-Surillo sold 14,585 shares of common stock at an average price of $37.1498.
- Following these transactions, Perez-Surillo beneficially owns 35,203 shares of Evertec common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions, 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 stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Date of RSU grant related to tax liability. |
| 08/05/2022 | Date of RSU grant related to tax liability. |
| 02/24/2023 | Date of RSU grant related to tax liability. |
| 02/29/2024 | Date of RSU grant related to tax liability. |
| 03/05/2025 | Disposition of shares to cover tax liability. |
| 03/07/2025 | Sale of common stock. |
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