Almeida Prado Claudio 4
Research Summary
AI-generated summary
EVERTEC (EVTC) EVP Claudio Almeida Prado Sells 2,756 Shares
What Happened
Claudio Almeida Prado, Executive Vice President of EVERTEC, had 2,756 shares of EVERTEC common stock disposed on March 5, 2026 to satisfy tax withholding related to vested restricted stock units (RSUs). The shares were recorded at $28.35 each for a total of approximately $78,133. This was a tax-withholding disposition (routine), not an open-market sale.
Key Details
- Transaction date: March 5, 2026; Filing date: March 6, 2026 (reported the March 5 transaction).
- Price: $28.35 per share; Total value: ~$78,133.
- Shares disposed/withheld: 2,756 shares.
- Footnote: 1,775 shares withheld for RSUs granted Feb 29, 2024 and 981 shares withheld for RSUs granted Feb 28, 2025 (total = 2,756).
- Transaction code: F (share withholding to satisfy tax liability).
- Shares owned after transaction: Not specified in the provided filing.
Context
This was a cashless tax-withholding event tied to RSU vesting — the company withheld shares to cover the insider's tax obligation. Such withholdings are routine and do not necessarily indicate the insider is buying or selling shares on the open market.