EVTC officer covers taxes with 3,082 shares
EVERTEC, Inc. Chief Accounting Officer Karla Cruz-Jusino reported a tax-withholding disposition of 3,082 shares of common stock at $28.35 per share.
Rhea-AI Filing Summary
EVERTEC, Inc. Chief Accounting Officer Karla Cruz-Jusino reported a tax-withholding disposition of 3,082 shares of common stock at $28.35 per share. These shares were withheld by the company to cover taxes due upon the vesting of multiple time-based RSU awards. After this transaction, she directly holds 14,983 common shares.
Positive
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Insider Trade Summary
Exercise Price or Tax Liability: 3,082 shares
Exercise Price or Tax Liability
1 txn
Insider
Cruz-Jusino Karla
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,082 | $28.35 | $87K |
Holdings After Transaction:
Common Stock — 14,983 shares (Direct)
Footnotes (1)
- F1. Represents shares of common stock withheld by the Issuer to pay the tax liability of the Reporting Person as follows: (i) 320 shares withheld in connection with the vesting of time-based restricted stock units ("RSUs") granted on February 24, 2023; (ii) 1,106 shares withheld in connection with the vesting of time-based RSUs granted on February 24, 2023; (iii) 963 shares withheld in connection with the vesting of time-based RSUs granted on February 29, 2024; and (iv) 693 shares withheld in connection with the vesting of time-based RSUs granted on February 28, 2025.
FAQ
What insider transaction did EVTC's Chief Accounting Officer report on this Form 4?
The Chief Accounting Officer reported a tax-withholding disposition of 3,082 EVERTEC (EVTC) common shares. The shares were withheld by the company to pay income tax liabilities triggered by the vesting of several time-based RSU grants, rather than sold in an open-market transaction.
What does transaction code "F" indicate in the EVERTEC (EVTC) Form 4 filing?
Transaction code "F" indicates shares were used to pay a tax liability or exercise price. In this EVERTEC filing, it reflects 3,082 common shares withheld by the issuer at $28.35 per share to satisfy the reporting person’s RSU-related tax obligations.
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