Thomas E. Panther - 24 Feb 2022 Form 4 Insider Report for EVO Payments, Inc.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
28 Feb 2022, 19:56:53 UTC
Prior SEC filing
19 Nov 2021
Next SEC filing
01 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Kelli E. Sterrett attorney-in-fact

Key filing fact

Thomas E. Panther filed Form 4 for EVO Payments, Inc. on 28 Feb 2022.

Key facts

  • This page summarizes Thomas E. Panther's Form 4 filing for EVO Payments, Inc..
  • 5 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 28 Feb 2022, 19:56.

Change

  • Previous filing in this sequence was filed on 19 Nov 2021.
  • Current net transaction value: -$144,588.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EVOP transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+12,568
Change %
+124%
Price
$0.000000
Shares after
22,697
Date
26 Feb 2022
Ownership
Direct
Footnotes
F1
EVOP transaction

Class A Common Stock

Tax liability

Transaction value
$144,588
Shares
-5,868
Change %
-26%
Price
$24.64
Shares after
16,829
Date
26 Feb 2022
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EVOP transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-12,568
Change %
-33%
Price
$0.000000
Shares after
25,138
Date
26 Feb 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
12,568
Exercise price
Footnotes
F1
EVOP transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+32,081
Change %
Price
$0.000000
Shares after
32,081
Date
24 Feb 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
32,081
Exercise price
Footnotes
F3
EVOP transaction Derivative

Performance Stock Units

Award

Transaction value
$0
Shares
+16,041
Change %
Price
$0.000000
Shares after
16,041
Date
24 Feb 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
16,041
Exercise price
Footnotes
F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Represents vesting of restricted stock units ("RSUs") granted on February 26, 2021. Each RSU converts into one share of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of EVO Payments, Inc. (the "Issuer") on a one-for-one basis.

Footnote F2

Represents the satisfaction of tax withholding obligations upon the vesting of RSUs on February 26, 2022.

Footnote F3

Each RSU represents the right to acquire one share of Class A Common Stock. The RSUs will vest ratably on February 24, 2023, 2024 and 2025.

Footnote F4

Each performance stock unit ("PSU") represents a contingent right to receive shares of Class A Common Stock. The PSUs cliff vest and become exercisable subject to both a time-vesting and a performance-vesting condition. The time-vesting condition is satisfied on March 31, 2025. The performance-vesting condition requires that, prior to March 31, 2025, the Issuer's twenty trading day trailing average closing price for its Class A Common Stock must equal or exceed the target stock price for a period of twenty consecutive trading days. PSUs only vest upon the satisfaction of both conditions. If the performance-vesting condition is not satisfied prior to March 31, 2025, all PSUs will be immediately forfeited.

Footnote F5

The number of shares of Class A Common Stock delivered on settlement of the PSU (i) may be increased to up to 200% of the amount listed based on the amount by which the Issuer's twenty trading day trailing average closing price for its Class A Common Stock exceeds the target stock price during the period prior to March 31, 2025, and (ii) will not exceed 400% of the fair market value of the Class A Common Stock on the grant date.

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