Form 4: Evertec Executive Vice President Daniel Brignardello Reports Share Withholding for Tax Obligations

Daniel Brignardello, Executive Vice President of EVERTEC, Inc., reports the withholding of 4,275 common stock shares to cover tax liabilities related to vesting restricted stock units.

Summary

• On March 7, 2025, Daniel Brignardello, Executive Vice President of EVERTEC, Inc., reported a transaction involving the withholding of 4,275 shares of common stock.
• The shares were withheld by the issuer to cover the reporting person's tax liability associated with the vesting of restricted stock units (RSUs).
• The price per share for the withholding was $37.92.
• Following the transaction, Brignardello beneficially owns 38,918 shares of EVERTEC common stock.

Sentiment

Score: 5

Explanation: This is a neutral report of a routine transaction related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Share withholding for tax obligations upon RSU vesting is a standard practice across publicly traded companies.
• The specific number of shares withheld and the price per share are dependent on the individual's tax situation and the company's stock price at the time of vesting.
• Comparable companies in the financial technology sector, such as Global Payments Inc. (GPN) and Fiserv Inc. (FISV), also regularly report similar transactions by their executives.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates