EVERTEC (EVTC) EVP Miguel Vizcarrondo logs RSU share award and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EVERTEC, Inc. Executive Vice President Miguel Vizcarrondo reported equity award activity involving company common stock. He acquired 24,404 shares on March 3, 2026 at a price of $28.35 per share through a grant/award tied to performance-based restricted stock units earned on the issuer’s 2023 adjusted EBITDA and a three-year total shareholder return modifier.
On the same date, 13,817 shares at $28.35 per share were disposed of to cover tax liabilities through shares withheld by EVERTEC in connection with the vesting of multiple performance-based and time-based RSU grants. After these transactions, Vizcarrondo directly owned 103,096 shares of EVERTEC common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Vizcarrondo Miguel
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 24,404 | $28.35 | $692K |
| Tax Withholding | Common Stock | 13,817 | $28.35 | $392K |
Holdings After Transaction:
Common Stock — 116,913 shares (Direct)
Footnotes (1)
- 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) 8,815 shares withheld in connection with the vesting of performance-based RSUs granted on February 24, 2023; (ii) 1,667 shares withheld in connection with the vesting of time-based RSUs granted on February 24, 2023; (iii) 1,695 shares withheld in connection with the vesting of time-based RSUs granted on February 29, 2024; and (iv) 1,640 shares withheld in connection with the vesting of time-based RSUs granted on February 28, 2025.
FAQ
What insider transactions did EVERTEC (EVTC) report for Miguel Vizcarrondo?
EVERTEC reported that Executive Vice President Miguel Vizcarrondo acquired 24,404 shares of common stock and disposed of 13,817 shares on March 3, 2026. The acquisition reflects vested performance-based RSUs, while the disposition covers tax withholding on multiple RSU vestings.
Are Miguel Vizcarrondo’s EVERTEC (EVTC) Form 4 transactions open-market buys or sells?
The Form 4 shows a grant or award acquisition and a tax-withholding disposition, not open-market trades. Shares were issued upon vesting of performance-based RSUs and then partially withheld by EVERTEC to satisfy the executive’s tax liabilities.