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

Signature
/s/ Kelli E. Sterrett attorney-in-fact
Stock symbol
EVOP
Transactions as of
Feb 24, 2022
Transactions value $
-$144,588
Form type
4
Date filed
2/28/2022, 07:56 PM
Previous filing
Nov 19, 2021
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVOP Class A Common Stock Options Exercise $0 +12.6K +124.08% $0.00 22.7K Feb 26, 2022 Direct F1
transaction EVOP Class A Common Stock Tax liability -$145K -5.87K -25.85% $24.64 16.8K Feb 26, 2022 Direct F2

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 Options Exercise $0 -12.6K -33.33% $0.00 25.1K Feb 26, 2022 Class A Common Stock 12.6K Direct F1
transaction EVOP Restricted Stock Units Award $0 +32.1K $0.00 32.1K Feb 24, 2022 Class A Common Stock 32.1K Direct F3
transaction EVOP Performance Stock Units Award $0 +16K $0.00 16K Feb 24, 2022 Class A Common Stock 16K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 Represents the satisfaction of tax withholding obligations upon the vesting of RSUs on February 26, 2022.
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.
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.
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.