EVERTEC (EVTC) COO receives 29,547 time-vested restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EVERTEC, Inc. executive Joaquin A. Castrillo-Salgado, Senior EVP & COO, reported an equity compensation grant. He acquired 29,547 shares of common stock through a grant of restricted stock units at a reference price of $28.70 per share, increasing his directly held stake to 123,987 shares.
The award consists 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
Castrillo-Salgado Joaquin A.
Role
Senior EVP & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 29,547 | $28.70 | $848K |
Holdings After Transaction:
Common Stock — 123,987 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did EVERTEC (EVTC) report for Joaquin A. Castrillo-Salgado?
EVERTEC reported that Senior EVP & COO Joaquin A. Castrillo-Salgado received a grant of 29,547 restricted stock units. These units are tied to EVERTEC common stock and represent equity-based compensation rather than an open-market share purchase or sale.
What is the vesting schedule for the EVERTEC (EVTC) restricted stock units granted?
The 29,547 restricted stock units granted to Joaquin A. Castrillo-Salgado vest in substantially three equal installments on the anniversary of the March 5, 2026 grant date in 2027, 2028 and 2029, subject to continued service conditions and specified early vesting circumstances.
Was the EVERTEC (EVTC) Form 4 transaction a stock purchase or sale?
The Form 4 shows an acquisition through a grant or award, not a market purchase or sale. Joaquin A. Castrillo-Salgado received 29,547 restricted stock units as equity compensation, coded as a grant, award, or other acquisition under transaction code A.