Director Aldo J. Polak receives stock grant at EVERTEC (EVTC), boosting holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Polak Aldo J. reported acquisition or exercise transactions in this Form 4 filing.
EVERTEC, Inc. director Aldo J. Polak received a stock grant. He was awarded 6,997 shares of common stock on May 21 at a reference price of $24.65 per share as a compensation-related grant, not an open-market purchase.
After this award, Polak directly owns 18,943 shares of EVERTEC common stock. The grant consists of restricted stock units that will vest on May 31, 2027, meaning the shares become fully earned and transferable over time rather than immediately.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Polak Aldo J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,997 | $24.65 | $172K |
Holdings After Transaction:
Common Stock — 18,943 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 6,997 shares
Grant price per share: $24.65 per share
Shares owned after grant: 18,943 shares
+1 more
4 metrics
Shares granted
6,997 shares
Compensation grant of common stock on May 21
Grant price per share
$24.65 per share
Reference price for stock award
Shares owned after grant
18,943 shares
Direct holdings following the award
Vesting date
May 31, 2027
Restricted stock units vesting date
Key Terms
restricted stock units, Common Stock, Grant, award, or other acquisition, Form 4
4 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.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
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 did EVERTEC (EVTC) director Aldo J. Polak report on this Form 4?
Director Aldo J. Polak reported receiving a grant of 6,997 shares of EVERTEC common stock. This was a compensation-related award, not an open-market stock purchase, and increased his directly held stake in the company.
Was Aldo J. Polak’s EVERTEC (EVTC) transaction a stock purchase or a grant?
The transaction was a grant of shares, not an open-market purchase. It is classified as a compensation-related award, labeled as a “Grant, award, or other acquisition” rather than a voluntary stock buy.
What are the vesting terms of Aldo J. Polak’s EVERTEC (EVTC) restricted stock units?
The reported grant consists of restricted stock units that will vest on May 31, 2027. Vesting means the units convert into fully owned shares over time, aligning compensation with longer-term company performance.