Evertec (EVTC) director granted 6,997 restricted stock units vesting 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SCHUMACHER ALAN H reported acquisition or exercise transactions in this Form 4 filing.
EVERTEC, Inc. director Alan H. Schumacher received an equity grant reported as 6,997 shares of common stock at $24.65 per share. A related footnote explains this represents a grant of restricted stock units that will vest on May 31, 2027.
Following this compensation award, Schumacher holds 54,253 shares directly. This is a routine director equity grant rather than an open‑market purchase or sale, and does not change his overall economic exposure through any derivative positions in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SCHUMACHER ALAN H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,997 | $24.65 | $172K |
Holdings After Transaction:
Common Stock — 54,253 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 6,997 shares
Grant reference price: $24.65/share
Post-grant holdings: 54,253 shares
+2 more
5 metrics
Equity grant size
6,997 shares
Grant/award acquisition of common stock
Grant reference price
$24.65/share
Price per share reported for the grant
Post-grant holdings
54,253 shares
Total common shares held directly after transaction
Transaction date
May 21, 2026
Date of reported equity grant
RSU vesting date
May 31, 2027
Date when restricted stock units will vest
Key Terms
restricted stock units, grant, Form 4
3 terms
restricted stock units financial
"Reports a grant of restricted stock units which will vest on May 31, 2027."
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.
grant financial
"Reports a grant of restricted stock units which will vest on May 31, 2027."
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did EVERTEC (EVTC) report for Alan H. Schumacher?
EVERTEC reported that director Alan H. Schumacher received a grant of 6,997 shares of common stock as equity compensation. A footnote clarifies this is a restricted stock unit award that will vest in 2027, rather than an open‑market stock purchase.
How many restricted stock units did the EVERTEC (EVTC) director receive?
The director received a grant corresponding to 6,997 shares at a reference price of $24.65 per share. This award is structured as restricted stock units that convert into shares when they vest, aligning his compensation with long‑term shareholder value.
When do Alan H. Schumacher’s EVERTEC (EVTC) restricted stock units vest?
The restricted stock units are scheduled to vest on May 31, 2027. Vesting means the units convert into shares the director fully owns, encouraging longer‑term alignment with company performance over the period leading up to that date.
What are Alan H. Schumacher’s EVERTEC (EVTC) holdings after this grant?
After the grant, Schumacher directly holds 54,253 shares of EVERTEC common stock. This figure reflects his position following the equity award reported in the Form 4 and provides context for the relative size of the compensation grant he received.
Was this EVERTEC (EVTC) Form 4 an open‑market stock purchase?
No, the Form 4 shows a compensation grant, not an open‑market transaction. The filing describes a grant or award acquisition, with a footnote explaining it is a restricted stock unit grant that vests in 2027 rather than a discretionary market buy.