Altman Roger C 4
Research Summary
AI-generated summary
Evercore (EVR) Founder Roger C. Altman Surrenders 13,554 Shares
What Happened
Roger C. Altman, Founder and Senior Chairman (also a director) of Evercore Inc. (EVR), surrendered 13,554 shares to Evercore on 2026-02-04 to satisfy tax withholding obligations related to the vesting of previously granted restricted stock units (RSUs). The shares were valued at $346.23 each, for a total value of approximately $4,692,835. This was a tax-withholding disposition (routine), not an open-market sale or a purchase.
Key Details
- Transaction date: 2026-02-04; Filing date (Form 4): 2026-02-06 (filed timely).
- Transaction type/code: Tax withholding / surrendered shares (code F).
- Amount: 13,554 shares at $346.23 per share; total value ~$4,692,835.
- Footnote: Shares were surrendered to Evercore to pay taxes in connection with RSU vesting (F1).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Report appears timely (filed two days after the transaction); no late filing indicated.
Context
Surrendering shares to cover taxes is a common, administrative step when RSUs vest (a form of cashless withholding) and does not by itself indicate buying or selling intent in the open market. For retail investors, such transactions are routine and typically reflect compensation mechanics rather than a statement about the insider’s view of the stock.