EVERTEC (EVTC) EVP has 2,756 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EVERTEC, Inc. Executive Vice President Claudio Almeida Prado reported a Form 4 showing a tax-withholding disposition of 2,756 shares of common stock at $28.35 per share. These shares were withheld by the company to cover his tax liabilities upon vesting of time-based restricted stock units granted in February 2024 and February 2025.
After this tax-withholding event, Almeida Prado directly owned 59,624 shares of EVERTEC common stock. This transaction reflects administrative share withholding for taxes rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Almeida Prado Claudio
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,756 | $28.35 | $78K |
Holdings After Transaction:
Common Stock — 59,624 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did EVERTEC (EVTC) report for Claudio Almeida Prado?
EVERTEC reported a Form 4 for Executive Vice President Claudio Almeida Prado showing a tax-withholding disposition of 2,756 common shares. The company withheld these shares to cover his tax liabilities related to vesting restricted stock units granted in February 2024 and February 2025.
Was the EVERTEC (EVTC) insider transaction an open-market sale?
No, the 2,756 EVERTEC shares were withheld by the company to pay Claudio Almeida Prado’s tax liabilities on vesting RSUs. This Form 4 reflects an administrative tax-withholding disposition, not a discretionary open-market sale of common stock by the executive.