Paola Perez-Surillo - Mar 8, 2022 Form 4 Insider Report for EVERTEC, Inc. (EVTC)

Role: Executive Vice President
Signature: /s/Belmary Rivera-Alvarez by Power of Attorney
Stock symbol: EVTC
Transactions as of: Mar 8, 2022
Transactions value $: $75,712
Form type: 4
Date filed: 3/10/2022, 06:45 PM
Previous filing: Feb 28, 2022
Next filing: Apr 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EVTC	Common Stock	Tax liability	-$73.9K	-1.88K	-3.92%	$39.29	46.1K	Mar 8, 2022	Direct	F1
transaction	EVTC	Common Stock	Award	$150K	+3.81K	+8.25%	$39.29	49.9K	Mar 8, 2022	Direct	F2

* 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) 349 shares withheld in connection with the vesting of restricted stock units ("RSUs") granted on February 22, 2019; (ii) 757 shares withheld in connection with the vesting of RSUs granted on February 27, 2020; and (iii) 774 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.

Content

Reflects shares of common stock withheld by the Issuer to pay the tax liability of the Reporting Person as follows: (i) 349 shares withheld in connection with the vesting of restricted stock units ("RSUs") granted on February 22, 2019; (ii) 757 shares withheld in connection with the vesting of RSUs granted on February 27, 2020; and (iii) 774 shares withheld in connection with the vesting of RSUs granted on March 2, 2021.

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.