EVERTEC (EVTC) director awarded 6,997 restricted shares vesting in 2027
Rhea-AI Filing Summary
Botero Olga Margarita reported acquisition or exercise transactions in this Form 4 filing.
EVERTEC, Inc. director Olga Margarita Botero reported a compensation-related equity award. She received 6,997 shares of common stock as restricted stock units at $24.65 per share. These units will vest on May 31, 2027. After the grant, she directly holds 50,229 common shares in total.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,997 shares
Net Buy
1 txn
Insider
Botero Olga Margarita
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,997 | $24.65 | $172K |
Holdings After Transaction:
Common Stock — 50,229 shares (Direct)
Footnotes (1)
- F1. Reports a grant of restricted stock units which will vest on May 31, 2027.
Key Figures
RSU grant size: 6,997 shares
Grant value per share: $24.65 per share
Total shares after grant: 50,229 shares
+1 more
4 metrics
RSU grant size
6,997 shares
Restricted stock units granted to director on May 21, 2026
Grant value per share
$24.65 per share
Value used for the restricted stock unit award
Total shares after grant
50,229 shares
Director’s direct EVERTEC common stock holdings following the transaction
Vesting date
May 31, 2027
Date when the reported restricted stock units will vest
Key Terms
restricted stock units, grant, vest
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."
vest financial
"Reports a grant of restricted stock units which will vest on May 31, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did EVERTEC (EVTC) director Olga Margarita Botero report?
Olga Margarita Botero reported receiving 6,997 EVERTEC common shares as a restricted stock unit award. The Form 4 shows this was a grant or award, not an open-market purchase, and reflects part of her equity-based director compensation.
Was the EVERTEC (EVTC) Form 4 transaction a stock purchase or a grant?
The transaction was a grant of restricted stock units, not an open-market stock purchase. The Form 4 labels it as a grant, award, or other acquisition, indicating compensation rather than a discretionary buy on the stock market.
When do Olga Margarita Botero’s EVERTEC (EVTC) restricted stock units vest?
The reported restricted stock units will vest on May 31, 2027. Vesting means the award converts into fully owned shares over time, typically encouraging longer-term alignment between the director’s interests and those of EVERTEC shareholders.