Guillermo Rospigliosi - Mar 8, 2022 Form 4 Insider Report for EVERTEC, Inc. (EVTC)

Signature
/s/Belmary Rivera-Alvarez by Power of Attorney
Stock symbol
EVTC
Transactions as of
Mar 8, 2022
Transactions value $
$224,542
Form type
4
Date filed
3/10/2022, 06:46 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 -$139K -3.53K -9.32% $39.29 34.4K Mar 8, 2022 Direct F1
transaction EVTC Common Stock Award $363K +9.25K +26.89% $39.29 43.6K 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) 832 shares withheld in connection with the vesting of restricted stock units ("RSUs") granted on February 22, 2019; (ii) 1,136 shares withheld in connection with the vesting of RSUs granted on February 27, 2020; and (iii) 1,566 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.