EVERTEC EVP gets stock from RSU vesting
EVERTEC, Inc. Executive Vice President and Chief Information Officer Diego Viglianco reported updated insider activity involving company common stock.
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
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31,163 | $28.35 | $883K |
| Exercise Price or Tax Liability | Common Stock | 17,937 | $28.35 | $509K |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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?
Why was this EVERTEC (EVTC) insider filing submitted as an amended Form 4/A?
What RSU grants are referenced in EVERTEC (EVTC) executive Diego Viglianco’s tax-withholding explanation?
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