Brendan F. Tansill - Feb 24, 2022 Form 4 Insider Report for EVO Payments, Inc. (EVOP)

Role: President, the Americas
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, 07:59 PM
Previous filing: Aug 11, 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	+12.8K	+71.33%	$0.00	30.8K	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	-12.8K	-33.33%	$0.00	25.7K	Feb 26, 2022	Class A Common Stock	12.8K		Direct	F1
transaction	EVOP	Restricted Stock Units	Award	$0	+32.7K		$0.00	32.7K	Feb 24, 2022	Class A Common Stock	32.7K		Direct	F2
transaction	EVOP	Performance Stock Units	Award	$0	+16.4K		$0.00	16.4K	Feb 24, 2022	Class A Common Stock	16.4K		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.