Joaquin A. Castrillo-Salgado - Mar 7, 2023 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 7, 2023
Transactions value $
$279,937
Form type
4
Date filed
3/9/2023, 03:48 PM
Previous filing
Feb 28, 2023
Next filing
May 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVTC Common Stock Award $472K +12.7K +18.91% $37.30 79.6K Mar 7, 2023 Direct F1
transaction EVTC Common Stock Tax liability -$192K -5.16K -6.48% $37.30 74.5K Mar 7, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of fully vested stock issued as a result of the vesting of performance-based restricted stock units ("RSUs") which were originally granted on February 27, 2020, and were earned based on the Issuer's achievement of an adjusted EBITDA target for 2020, subject to a total shareholder return modifier over a three-year performance period.
F2 Reflects shares of common stock withheld by the Issuer to pay the tax liability of the Reporting Person as follows: (i) 1,536 shares withheld in connection with the vesting of RSUs granted on February 27, 2020; (ii) 1,862 shares withheld in connection with the vesting of RSUs granted on March 2, 2021; and (iii) 1,761 shares withheld in connection with the vesting of RSUs granted on February 25, 2022.