Pensa Paul 4

What Happened
Paul Pensa, Evercore Inc.'s Principal Accounting Officer (controlling/principal accounting officer), disposed of a total of 2,705 Evercore shares in early February 2026. On 2026-02-04 he surrendered 1,255 shares to Evercore to cover tax withholding related to vested restricted stock units (1,255 @ $346.23 = $434,522). On 2026-02-05 he sold 1,450 shares in an open-market transaction (1,450 @ $350.31 = $507,950). The two actions total roughly $942,472 in proceeds/withholding value. These are sales/dispositions (not purchases).

Key Details

• Transaction dates and prices:
  • 2026-02-04: 1,255 shares surrendered for tax withholding at $346.23 each (code F) — $434,522.
  • 2026-02-05: 1,450 shares sold in open market at $350.31 each (code S) — $507,950.
• Total shares disposed: 2,705; combined value ≈ $942,472.
• Footnote: Shares surrendered were for payment of taxes in connection with the vesting of previously granted restricted stock units (tax withholding, code F).
• Filing: Form 4 filed 2026-02-06 for transactions on 2026-02-04 and 2026-02-05 — appears to be timely (filed within required reporting window).
• Shares owned after the transactions: not specified in the provided filing details.

Context

• Surrendering shares to cover taxes on RSU vesting is a routine administrative step (tax withholding) and does not necessarily indicate a decision to sell for investment reasons.
• The open-market sale is a disposition by the insider; sales are common and can reflect diversification or personal liquidity needs rather than a view on company prospects. Purchases are generally more informative about insider confidence than routine sales or tax withholdings.