Luis A. Rodriguez-Gonzalez - Mar 7, 2023 Form 4 Insider Report for EVERTEC, Inc. (EVTC)

Signature
/s/Belmary Rivera-Alvarez by Power of Attorney
Stock symbol
EVTC
Transactions as of
Mar 7, 2023
Transactions value $
$104,403
Form type
4
Date filed
3/9/2023, 03:48 PM
Previous filing
Feb 28, 2023
Next filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVTC Common Stock Award $246K +6.59K +12.44% $37.30 59.6K Mar 7, 2023 Direct F1
transaction EVTC Common Stock Tax liability -$141K -3.79K -6.36% $37.30 55.8K 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) 806 shares withheld in connection with the vesting of RSUs granted on February 27, 2020; (ii) 980 shares withheld in connection with the vesting of RSUs granted on March 2, 2021; (iii) 966 shares withheld in connection with the vesting of RSUs granted on February 25, 2022; and (iv) 1,038 shares withheld in connection with the vesting of RSUs granted on August 5, 2022.