EVTC.NYSEEvertec, INC

Form 4: EVP & CFO of EVERTEC, Inc. Reports Stock Disposal for Tax Obligations

Sentiment:

SEC Form 4 Filing

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Joaquin A. Castrillo-Salgado, EVP & CFO of EVERTEC, Inc., disposed of 6,055 shares of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

  • On March 5, 2025, Joaquin A. Castrillo-Salgado, the EVP & CFO of EVERTEC, Inc., disposed of 6,055 shares of common stock.
  • The disposal was executed to cover the tax liability associated with the vesting of restricted stock units (RSUs).
  • The price per share for the transaction was $37.92.
  • Following the transaction, Castrillo-Salgado beneficially owns 81,208 shares of EVERTEC, Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It reflects a standard transaction for tax purposes and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates a standard practice of executives covering tax obligations through stock disposal.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes and does not indicate a change in the executive's confidence in the company.

Key Dates

DateDescription
February 25, 2022Date of RSU grant related to tax liability.
February 24, 2023Date of RSU grant related to tax liability.
February 29, 2024Date of RSU grant related to tax liability.
March 05, 2025Date of stock disposal.
March 07, 2025Date of signature on the Form 4.

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