Form 4: Evertec Executive Vice President Almeida Prado Claudio Reports Stock Disposal for Tax Obligations
SEC Form 4
Executive Vice President of EVERTEC, Inc., Almeida Prado Claudio, reports disposing of 1,775 shares of common stock to cover tax liabilities related to vesting restricted stock units.
Summary
- On March 7, 2025, Almeida Prado Claudio, Executive Vice President of EVERTEC, Inc., disposed of 1,775 shares of common stock.
- The disposal was to cover the tax liability associated with the vesting of restricted stock units granted on February 29, 2024.
- The price per share was $37.92.
- Following the transaction, Almeida Prado Claudio beneficially owns 59,194 shares of EVERTEC, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to tax obligations and does not indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| February 29, 2024 | Date of grant for restricted stock units. |
| March 7, 2025 | Date of stock disposal to cover tax liability. |
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