EVERTEC CEO granted 85,975 restricted stock units
Schuessler Morgan M reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Schuessler Morgan M reported acquisition or exercise transactions in this Form 4 filing.
EVERTEC, Inc. President and CEO Morgan M. Schuessler reported an award of 85,975 shares of common stock on March 5, 2026, as a grant of restricted stock units. These units vest in three substantially equal installments on the grant-date anniversaries in 2027, 2028 and 2029, with potential earlier vesting upon certain terminations of service. Following this grant, Schuessler directly owned 450,054 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 85,975 shares
Grant/Award
1 txn
Insider
Schuessler Morgan M
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 85,975 | $28.70 | $2.47M |
Holdings After Transaction:
Common Stock — 450,054 shares (Direct)
Footnotes (1)
- F1. Reports a grant on March 5, 2026 of restricted stock units with time-based vesting, which will vest in substantially three equal installments on the anniversary of the grant date in 2027, 2028 and 2029, in each case subject to earlier vesting upon a termination of service in certain circumstances.
FAQ
What did EVERTEC (EVTC) disclose in this Form 4 for its CEO?
EVERTEC reported that President and CEO Morgan M. Schuessler received a grant of 85,975 restricted stock units on March 5, 2026. These units represent common stock and increase his directly owned shares to 450,054 after the award.
What is the vesting schedule for the EVERTEC (EVTC) CEO’s restricted stock units?
The restricted stock units vest in substantially three equal installments on the anniversaries of the March 5, 2026 grant date. Vesting occurs in 2027, 2028 and 2029, with earlier vesting possible if the CEO’s service terminates under certain specified circumstances.
AI-generated analysis. How Rhea-AI works. Not financial advice.