Luis A. Rodriguez-Gonzalez - Mar 7, 2024 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, 2024
Transactions value $
$435,102
Form type
4
Date filed
3/11/2024, 06:04 PM
Previous filing
Mar 4, 2024
Next filing
Aug 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVTC Common Stock Award $607K +16.4K +25.85% $36.92 80K Mar 7, 2024 Direct F1
transaction EVTC Common Stock Tax liability -$172K -4.65K -5.81% $36.92 75.4K Mar 7, 2024 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 March 2, 2021, and were earned based on the Issuer's achievement of an adjusted EBITDA target for 2021, 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) 981 shares withheld in connection with the vesting of RSUs granted on March 2, 2021; (ii) 966 shares withheld in connection with the vesting of RSUs granted on February 25, 2022; (iii) 1,038 shares withheld in connection with the vesting of RSUs granted on Augst 5, 2022; and (iv) 1,667 shares withheld in connection with the vesting of RSUs granted on February 24, 2023.