EverCommerce (EVCM) CFO has 399 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EverCommerce Inc. Chief Financial Officer Ryan H. Siurek reported a routine tax-related share disposition. On the vesting of Restricted Stock Units granted on August 20, 2024, the company withheld 399 shares of common stock to cover his tax withholding obligation. After this withholding, Siurek directly holds 374,789 shares of EverCommerce common stock, and the filing shows no open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Siurek Ryan H
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 399 | $10.35 | $4K |
Holdings After Transaction:
Common Stock — 374,789 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 399 shares
Withholding reference price: $10.35 per share
Shares held after transaction: 374,789 shares
3 metrics
Shares withheld for taxes
399 shares
Common stock withheld to cover tax obligation on RSU vesting
Withholding reference price
$10.35 per share
Price per share used for the 399-share tax-withholding disposition
Shares held after transaction
374,789 shares
Direct EverCommerce common stock holdings of CFO after withholding
Key Terms
Restricted Stock Units, tax withholding obligation, tax-withholding disposition, Common Stock
4 terms
Restricted Stock Units financial
"upon the vesting of Restricted Stock Units granted on August 20, 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"
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.
Common Stock financial
"Represents the number of shares of common stock withheld by the Issuer"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did EverCommerce (EVCM) report in this Form 4?
EverCommerce reported that CFO Ryan H. Siurek had 399 shares of common stock withheld to satisfy tax obligations on vesting Restricted Stock Units. This was an automatic tax-withholding event, not an open-market purchase or sale of shares.
Was the EverCommerce (EVCM) Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. The issuer withheld 399 shares when previously granted Restricted Stock Units vested, covering the CFO’s tax obligation rather than reflecting a discretionary trade in the market.