Kelli Sterrett - 24 Mar 2023 Form 4 Insider Report for EVO Payments, Inc.

Role
EVP, GC and Secretary
Signature
/s/ Kelli E. Sterrett
Issuer symbol
N/A
Transactions as of
24 Mar 2023
Net transactions value
$0
Form type
4
Filing time
28 Mar 2023, 21:03:34 UTC
Previous filing
20 Dec 2022
Next filing
25 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVOP Class A Common Stock Disposed to Issuer -28,158 -100% 0 24 Mar 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EVOP Restricted Stock Units Disposed to Issuer -1,035 -100% 0 24 Mar 2023 Class A Common Stock 1,035 Direct F1, F3
transaction EVOP Restricted Stock Units Disposed to Issuer -2,701 -100% 0 24 Mar 2023 Class A Common Stock 2,701 Direct F1, F3, F4
transaction EVOP Restricted Stock Units Disposed to Issuer -17,124 -100% 0 24 Mar 2023 Class A Common Stock 17,124 Direct F1, F3, F4
transaction EVOP Restricted Stock Units Disposed to Issuer -14,423 -100% 0 24 Mar 2023 Class A Common Stock 14,423 Direct F1, F3, F4
transaction EVOP Performance Stock Units Disposed to Issuer -13,485 -100% 0 24 Mar 2023 Class A Common Stock 13,485 Direct F2, F3, F5
transaction EVOP Performance Stock Units Disposed to Issuer -10,817 -100% 0 24 Mar 2023 Class A Common Stock 10,817 Direct F2, F3, F6
transaction EVOP Options (right to buy) Disposed to Issuer -3,226 -100% 0 24 Mar 2023 Class A Common Stock 3,226 $25.28 Direct F7, F8
transaction EVOP Options (right to buy) Disposed to Issuer -7,126 -100% 0 24 Mar 2023 Class A Common Stock 7,126 $25.46 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kelli Sterrett is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 As of the Transaction Date and pursuant to a merger agreement between the Issuer and Global Payments Inc. (the "Merger Agreement"), RSUs were canceled in exchange for a total cash payment of $1,199,622.00, representing the number of shares multiplied by the applicable consideration amount required in the Merger Agreement. The cash payment includes $35,190.00 for 1,035 units (which would have vested on the fourth anniversary of 2/28/2020), $91,834.00 for 2,701 units, $582,216.00 for 17,124 units, and $490,382.00 for 14,423 units. Vested shares were also canceled and provided consideration pursuant to the Merger Agreement.
F2 As of the Transaction Date and pursuant to the Merger Agreement, PSUs were canceled in exchange for a total cash payment of $826,268.00, representing the number of shares multiplied by the applicable consideration amount required in the Merger Agreement. The cash payment includes $458,490.00 for 13,485 units and $367,778.00 for 10,817 units.
F3 Upon vesting, restricted stock units and performance stock units convert to shares of Issuer common stock on a one-for-one basis.
F4 The RSU grant provided for ratable vesting of 2,701 units on the third and fourth anniversary of 2/24/2025, 17,124 units on the third and fourth anniversary of 7/30/2021, and 14,423 units on the second and third anniversary of 2/24/2022.
F5 The PSU grant provided for vesting of 13,485 units on 2/24/2025, subject to satisfying additional performance conditions.
F6 The PSU grant provided for vesting of 10,817 units on 3/31/2025, subject to satisfying additional performance conditions.
F7 The options grant provided for vesting of 3,226 units on the fourth anniversary of 2/28/2020 and 7,126 units on the fourth anniversary of 2/26/2021.
F8 As of the Transaction Date and pursuant to the Merger Agreement, option rights were canceled in exchange for a total cash payment of $88,986.76, representing the number of shares multiplied by the applicable consideration amount required in the Merger Agreement. The cash payment includes $28,130.72 for 3,226 units and $60,856.04 for 7,126 units.