Evertec (EVTC) director granted 6,997 restricted stock units vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EVERTEC, Inc. director Virginia Gambale reported an equity compensation award rather than an open-market trade. She received 6,997 shares of Common Stock, valued at $24.65 per share, as a grant categorized as a “grant, award, or other acquisition.”
According to the footnote, this represents a grant of restricted stock units that will vest on May 31, 2027. Following this award, Gambale’s direct holdings increased to 19,154 shares, indicating this filing reflects routine director compensation rather than a discretionary purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gambale Virginia
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,997 | $24.65 | $172K |
Holdings After Transaction:
Common Stock — 19,154 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity award size: 6,997 shares
Grant value per share: $24.65 per share
Post-award holdings: 19,154 shares
3 metrics
Equity award size
6,997 shares
Grant of Common Stock to director
Grant value per share
$24.65 per share
Reported price for equity award
Post-award holdings
19,154 shares
Total direct ownership after transaction
Key Terms
restricted stock units, Grant, award, or other acquisition, Common Stock
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, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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 did EVERTEC (EVTC) director Virginia Gambale report in this Form 4?
Virginia Gambale reported receiving 6,997 shares of EVERTEC common stock as an equity award. The transaction is categorized as a grant or award acquisition, reflecting routine director compensation rather than an open-market stock purchase or sale.
Was the EVERTEC (EVTC) Form 4 transaction a stock purchase or sale?
The Form 4 does not show a market purchase or sale. It reports an acquisition coded as a grant or award, meaning the director received shares as compensation instead of buying or selling them in the open market.
When do Virginia Gambale’s EVERTEC (EVTC) restricted stock units vest?
The filing notes that the reported grant consists of restricted stock units that will vest on May 31, 2027. Vesting means the units convert into shares the director fully owns if the specified date and any conditions are met.
Does this EVERTEC (EVTC) Form 4 indicate any remaining derivatives or options?
The provided data shows no remaining derivative positions for this filing. The derivative summary section is empty, suggesting the report focuses solely on the restricted stock unit grant and resulting common stock holdings.