EverCommerce (EVCM) CEO covers RSU tax bill with 13,772 shares
Rhea-AI Filing Summary
EverCommerce Inc. Chief Executive Officer Eric Richard Remer reported a routine tax-related share disposition linked to restricted stock vesting. On the event date, 13,772 shares of common stock were withheld by the company at $10.69 per share to cover his tax withholding obligation upon the vesting of Restricted Stock Units granted on February 22, 2024.
After this tax withholding, Remer directly holds 2,841,826 shares of EverCommerce common stock. The filing also lists additional indirect holdings through family-related entities, including 28,999 shares held by Family Trust 1, 1,000,000 shares held by the EMJ Remer Family Trust, 35,000 shares held by the Remer Family Trust, and 5,148,663 shares held by Buckrail Partners, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 13,772 shares
Net Sell
5 txns
Insider
Remer Eric Richard
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 13,772 | $10.69 | $147K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,841,826 shares (Direct);
Common Stock — 5,148,663 shares (Indirect, By Buckrail Partners, LLC);
Common Stock — 35,000 shares (Indirect, By Remer Family Trust);
Common Stock — 1,000,000 shares (Indirect, By EMJ Remer Family Trust);
Common Stock — 28,999 shares (Indirect, By Family Trust 1)
Footnotes (1)
- F1. Represents the number of shares of common stock withheld by the Issuer to cover the reporting person's tax withholding obligation upon the vesting of Restricted Stock Units granted on February 22, 2024.
Key Figures
Tax-withheld shares: 13,772 shares
Withholding price: $10.69 per share
Direct holdings after transaction: 2,841,826 shares
+5 more
8 metrics
Tax-withheld shares
13,772 shares
Shares withheld to cover RSU tax obligation
Withholding price
$10.69 per share
Value used for tax-withholding disposition
Direct holdings after transaction
2,841,826 shares
Direct EverCommerce common stock held by CEO after event
Family Trust 1 holdings
28,999 shares
Indirect EverCommerce shares via Family Trust 1
EMJ Remer Family Trust holdings
1,000,000 shares
Indirect EverCommerce shares via EMJ Remer Family Trust
Remer Family Trust holdings
35,000 shares
Indirect EverCommerce shares via Remer Family Trust
Buckrail Partners, LLC holdings
5,148,663 shares
Indirect EverCommerce shares via Buckrail Partners, LLC
RSU grant date
February 22, 2024
Grant date for Restricted Stock Units that vested
Key Terms
Restricted Stock Units, tax withholding obligation, tax-withholding disposition, indirect ownership, +2 more
6 terms
Restricted Stock Units financial
"upon the vesting of Restricted Stock Units granted on February 22, 2024"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"withheld by the Issuer to cover the reporting person's tax withholding obligation upon the vesting"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
indirect ownership financial
""ownership_type": "indirect""
Family Trust financial
"nature_of_ownership": "By EMJ Remer Family Trust""
non-derivative financial
""transaction_type": "non-derivative""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does EverCommerce (EVCM) CEO Eric Remer report in this Form 4?
The Form 4 shows EverCommerce CEO Eric Remer had shares withheld to cover taxes on vested Restricted Stock Units. It also updates his direct holdings and several indirect positions held through family trusts and an LLC associated with him.
What indirect EverCommerce (EVCM) holdings are reported for Eric Remer?
The filing lists several indirect EverCommerce holdings: 28,999 shares via Family Trust 1, 1,000,000 shares via the EMJ Remer Family Trust, 35,000 shares via the Remer Family Trust, and 5,148,663 shares via Buckrail Partners, LLC linked to Remer.
What is the role of Restricted Stock Units in this EverCommerce (EVCM) Form 4?
The Form 4 explains that the withheld shares relate to Restricted Stock Units granted on February 22, 2024. When these RSUs vested, EverCommerce withheld 13,772 shares from Eric Remer to satisfy his tax withholding obligation associated with that vesting event.