Evertec (EVTC) awards 18,118 restricted stock units to EVP Vizcarrondo
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EVERTEC, Inc. Executive Vice President Miguel Vizcarrondo reported an equity award from the company. He acquired 18,118 shares of common stock on March 5, 2026 at a reported price of $28.70 per share, bringing his direct holdings to 121,214 shares.
According to a footnote, this represents a grant of restricted stock units with time-based vesting. These units are scheduled to vest in substantially three equal installments on the grant-date anniversaries in 2027, 2028 and 2029, with potential earlier vesting if his service terminates under certain circumstances.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vizcarrondo Miguel
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,118 | $28.70 | $520K |
Holdings After Transaction:
Common Stock — 121,214 shares (Direct)
Footnotes (1)
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FAQ
What did EVERTEC (EVTC) insider Miguel Vizcarrondo report on this Form 4?
Miguel Vizcarrondo reported an equity award from EVERTEC. The filing shows an acquisition of 18,118 shares of common stock as part of an award, increasing his direct holdings to 121,214 shares after the transaction.
What type of award did EVERTEC (EVTC) grant to Miguel Vizcarrondo?
The award consists of restricted stock units with time-based vesting. A footnote explains that these restricted stock units were granted on March 5, 2026 and are subject to a multi-year vesting schedule, with possible earlier vesting in certain termination scenarios.
What is the vesting schedule for Miguel Vizcarrondo’s EVERTEC (EVTC) restricted stock units?
The restricted stock units vest in three annual installments. They are scheduled to vest in substantially equal portions on the anniversaries of the March 5, 2026 grant date in 2027, 2028 and 2029, subject to earlier vesting upon certain service terminations.
Does the EVERTEC (EVTC) Form 4 indicate a purchase or a grant for Miguel Vizcarrondo?
The filing indicates a grant or award acquisition, not an open-market purchase. The transaction code is “A,” described as a grant, award, or other acquisition, and a footnote specifies the award as restricted stock units with time-based vesting.