Evertec Inc. (NYSE:EVTC)’s President and Chief Executive Officer, Peter Harrington, sold a bulk of 50,000 shares of the company’s Common Stock, directly, at a price of $25.04 per share. Concluding the sale, the CEO now holds a total of 230,988 shares of the $1.94 billion market cap processing firm.
Although this is the first insider sell of the month, in May several insiders concluded sales transactions. Evertec’s Executive Vice President, Miguel Vizcarrondo sold 35,000 shares for $23.04 per share, while Executive Vice President Carlos J. Ramirez unloaded 40,000 shares for $22.94 per share. The Chief Financial Officer and Executive VP, Jose Juan Jimenez Roman, also sold a smaller amount of 1,700 shares for $24.00 per share.
On another note, CFO Roman was in the headlines last week, as he announced that the company would be rejecting its operating subsidiary EVERTEC Group, LLC’s offer of $400 million in senior secured notes.
Disclosure: Melanie Erbar holds no position in any of the stocks mentioned.