Evertec (NYSE: EVTC) COO awarded stock; shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EVERTEC, Inc. executive vice president and chief operating officer Diego Viglianco reported equity compensation activity involving company common stock. On March 3, 2026, he acquired 31,163 shares through the vesting of performance-based restricted stock units tied to 2023 adjusted EBITDA and a three-year total shareholder return modifier.
On the same date, 17,937 shares of common stock were withheld by EVERTEC to cover his tax liabilities related to multiple RSU vestings, including both performance-based and time-based awards granted between February 2023 and February 2025. After these non-market transactions, Viglianco directly owned 53,495 EVERTEC common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Viglianco Diego
Role
EVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31,163 | $28.35 | $883K |
| Tax Withholding | Common Stock | 17,937 | $28.35 | $509K |
Holdings After Transaction:
Common Stock — 71,432 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) 11,182 shares withheld in connection with the vesting of performance-based RSUs granted on February 24, 2023; (ii) 2,129 shares withheld in connection with the vesting of time-based RSUs granted on February 24, 2023; (iii) 2,165 shares withheld in connection with the vesting of time-based RSUs granted on February 29, 2024; and (iv) 2,461 shares withheld in connection with the vesting of time-based RSUs granted on February 28, 2025.
FAQ
What insider stock transactions did EVTC executive Diego Viglianco report?
Diego Viglianco reported RSU-related equity activity, not open-market trades. He received 31,163 EVERTEC common shares from vesting performance-based RSUs, while 17,937 shares were withheld by the company to cover tax obligations tied to several RSU vestings.
What performance conditions were tied to the COO’s EVERTEC (EVTC) RSU award?
The performance-based RSUs vested based on EVERTEC’s 2023 adjusted EBITDA, subject to a total shareholder return modifier measured over a three-year performance period. Only after these conditions were met did 31,163 shares of fully vested common stock transfer to the COO.