EverCommerce (EVCM) CEO Alexander Receives RSU & PSU Award
$EVCM · EverCommerce Inc.Research Summary
AI-generated summary of this SEC filing
EverCommerce (EVCM) CEO Alexander Receives RSU & PSU Award
What Happened Alexander Goor, CEO of EverCommerce (EVCM), was granted a total of 760,820 restricted stock units on September 17, 2026. The grant consists of 338,142 RSUs and 422,678 performance-based RSUs (PSUs). Both awards were reported as acquisitions (grant code "A") at a $0.00 per-share price, meaning no cash was paid; the awards represent contingent rights to receive shares if and when they vest.
Key Details
- Transaction date: 2026-09-17; Form 4 filed 2026-09-21.
- Grants: 338,142 RSUs (F1) and 422,678 PSUs (F2); combined 760,820 units; price reported $0.00.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnote F1 (RSUs): Each RSU converts to one share upon vesting. 25% vests on August 5, 2027; remaining 75% vests in 12 equal quarterly installments thereafter, subject to continued service.
- Footnote F2 (PSUs): Performance-based RSUs convert to shares only if specified EverCommerce stock price targets are met; PSUs vest in multiple tranches tied to achieving those price thresholds.
- Filing timeliness: Filing date is 4 days after the grant date (filing and transaction dates shown); no explicit late-filing flag provided in the excerpt.
Context RSU and PSU grants are compensation awards, not open-market purchases or sales. RSUs deliver shares after service-based vesting; PSUs depend on achieving stock-price performance goals before converting into shares. Because these were grants with a $0 per-share price, they reflect equity compensation rather than a cash transaction by the insider.