Tax withholding reduces EVERTEC (EVTC) director Ivan Pagan’s stake by 822 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EVERTEC, Inc. director Ivan Pagan reported a routine tax-related share disposition. On the vesting of restricted stock units granted on May 22, 2025, the issuer withheld 822 shares of common stock at $25.11 per share to cover his tax liability. After this withholding, Pagan directly holds 21,891 shares of EVERTEC common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pagan Ivan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 822 | $25.11 | $21K |
Holdings After Transaction:
Common Stock — 21,891 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 822 shares
Withholding price per share: $25.11 per share
Shares held after transaction: 21,891 shares
+1 more
4 metrics
Shares withheld for taxes
822 shares
Tax-withholding disposition on RSU vesting
Withholding price per share
$25.11 per share
Value used for 822 withheld shares
Shares held after transaction
21,891 shares
Direct EVERTEC common stock holding after withholding
RSU grant date
May 22, 2025
Restricted stock units that vested and triggered tax withholding
Key Terms
restricted stock units, tax liability, tax-withholding disposition, Common Stock
4 terms
restricted stock units financial
"in connection with the vesting of restricted stock units granted on May 22, 2025"
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.
tax liability financial
"withheld by the Issuer to pay the tax liability of the Reporting Person"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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.
FAQ
What insider transaction did EVERTEC (EVTC) director Ivan Pagan report?
Ivan Pagan reported a tax-related share disposition, where 822 EVERTEC common shares were withheld to pay his tax liability. The shares were withheld in connection with the vesting of restricted stock units granted on May 22, 2025.
Was Ivan Pagan’s EVERTEC (EVTC) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 822 shares were withheld by the issuer to satisfy Pagan’s tax liability triggered by restricted stock unit vesting.
What does transaction code F mean in the EVERTEC (EVTC) Form 4 for Ivan Pagan?
Transaction code F indicates a tax-withholding disposition, where shares are delivered or withheld to pay taxes or exercise costs. In this case, 822 shares were withheld to pay Ivan Pagan’s tax liability on restricted stock unit vesting.