Joaquin A. Castrillo-Salgado - Mar 8, 2022 Form 4 Insider Report for EVERTEC, Inc. (EVTC)

Role
EVP & CFO
Signature
/s/Belmary Rivera-Alvarez by Power of Attorney
Stock symbol
EVTC
Transactions as of
Mar 8, 2022
Transactions value $
-$703,852
Form type
4
Date filed
3/10/2022, 06:45 PM
Previous filing
Feb 28, 2022
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVTC Common Stock Tax liability -$169K -4.3K -6.36% $39.29 63.3K Mar 8, 2022 Direct F1
transaction EVTC Common Stock Award $416K +10.6K +16.72% $39.29 73.9K Mar 8, 2022 Direct F2
transaction EVTC Common Stock Sale -$951K -25K -33.82% $38.03 48.9K Mar 10, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of common stock withheld by the Issuer to pay the tax liability of the Reporting Person as follows: (i) 951 shares withheld in connection with the vesting of restricted stock units ("RSUs") granted on February 22, 2019; (ii) 1,515 shares withheld in connection with the vesting of RSUs granted on February 27, 2020; and (iii) 1,837 shares withheld in connection with the vesting of RSUs granted on March 2, 2021.
F2 Represents shares of fully-vested stock issued as a result of the vesting of performance-based RSUs which were originally granted on February 22, 2019 and were earned based on the Issuer's achievement of an adjusted EBITDA target for 2019, subject to a total shareholder return modifier over a three-year performance period.
F3 Represents the weighted average sales price per share. The shares were sold at prices ranging from $37.95 to $38.12 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.