EVERTEC (EVTC) EVP updates title and reports RSU share vesting
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
EVERTEC, Inc. Executive Vice President and Chief Information Officer Diego Viglianco reported updated insider activity involving company common stock. He acquired 31,163 shares at $28.35 per share as fully vested stock from performance-based RSUs granted on February 24, 2023, earned based on 2023 adjusted EBITDA and a three-year total shareholder return modifier. The company simultaneously withheld 17,937 shares at $28.35 per share to cover his tax liabilities tied to several RSU vestings, leaving him with 53,495 shares of common stock held directly. This amended Form 4/A also corrects his officer title to Executive Vice President and Chief Information Officer.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Viglianco Diego
Role
EVP & CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31,163 | $28.35 | $883K |
| Tax Withholding | Common Stock | 17,937 | $28.35 | $509K |
Holdings After Transaction:
Common Stock — 71,432 shares (Direct)
Footnotes (1)
- This Form 4/A is being filed only to correct the Reporting Person's Officer title from Executive Vice President and Chief Operating Officer in the Form 4 previously filed today to Executive Vice President and Chief Information Officer. Represents shares of fully vested stock issued as a result of the vesting of performance-based restricted stock units ("RSUs"), which were originally granted on February 24, 2023 and earned based on the Issuer's achievement of an adjusted EBITDA target for 2023, subject to a total shareholder return modifier over a three-year performance period. Represents shares of common stock withheld by the Issuer to pay the tax liability of the Reporting Person as follows: (i) 11,182 shares withheld in connection with the vesting of performance-based RSUs granted on February 24, 2023; (ii) 2,129 shares withheld in connection with the vesting of time-based RSUs granted on February 24, 2023; (iii) 2,165 shares withheld in connection with the vesting of time-based RSUs granted on February 29, 2024; and (iv) 2,461 shares withheld in connection with the vesting of time-based RSUs granted on February 28, 2025.
FAQ
What insider stock transactions did EVERTEC (EVTC) executive Diego Viglianco report on this Form 4/A?
Diego Viglianco reported receiving 31,163 shares of EVERTEC common stock at $28.35 per share from vested RSUs and a disposition of 17,937 shares withheld by the company to satisfy his tax liabilities, resulting in 53,495 shares of common stock held directly after the transactions.
Why was this EVERTEC (EVTC) insider filing submitted as an amended Form 4/A?
The filing was amended solely to correct Diego Viglianco’s officer title. His role was updated from Executive Vice President and Chief Operating Officer to Executive Vice President and Chief Information Officer, while the underlying stock grant, vesting, and tax-withholding share figures remained the same as previously reported earlier that day.
What RSU grants are referenced in EVERTEC (EVTC) executive Diego Viglianco’s tax-withholding explanation?
The tax-withholding explanation references four RSU grants: performance-based RSUs granted on February 24, 2023, and time-based RSUs granted on February 24, 2023, February 29, 2024, and February 28, 2025. Shares from each vesting were partially withheld to satisfy Viglianco’s combined tax liabilities.