David L. Goldman - Feb 24, 2022 Form 4 Insider Report for EVO Payments, Inc. (EVOP)

Role
EVP Business Dev. & Strategy
Signature
/s/ Kelli E. Sterrett, attorney-in-fact
Stock symbol
EVOP
Transactions as of
Feb 24, 2022
Transactions value $
$0
Form type
4
Date filed
2/28/2022, 07:58 PM
Previous filing
May 25, 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 +7.49K +52.29% $0.00 21.8K Feb 26, 2022 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 Options Exercise $0 -7.49K -33.33% $0.00 15K Feb 26, 2022 Class A Common Stock 7.49K Direct F1
transaction EVOP Restricted Stock Units Award $0 +21.1K $0.00 21.1K Feb 24, 2022 Class A Common Stock 21.1K Direct F2
transaction EVOP Performance Stock Units Award $0 +10.6K $0.00 10.6K Feb 24, 2022 Class A Common Stock 10.6K Direct F3, F4
* 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 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.
F3 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.
F4 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.