Morgan M. Schuessler - 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 $
-$1,970,474
Form type
4
Date filed
3/11/2024, 06:08 PM
Previous filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVTC Common Stock Award $4.64M +126K +36.84% $36.92 466K Mar 7, 2024 Direct F1
transaction EVTC Common Stock Tax liability -$685K -18.5K -3.98% $36.92 448K Mar 7, 2024 Direct F2
transaction EVTC Common Stock Sale -$3.7M -99.6K -22.24% $37.19 348K Mar 7, 2024 Direct F3
transaction EVTC Common Stock Sale -$15.2K -400 -0.11% $37.92 348K Mar 7, 2024 Direct F4
transaction EVTC Common Stock Sale -$2.2M -59.5K -17.1% $37.03 288K Mar 8, 2024 Direct F5
* 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) 6,009 shares withheld in connection with the vesting of RSUs granted on March 2, 2021; (ii) 5,719 shares withheld in connection with the vesting of RSUs granted on February 25, 2022; and (iii) 6,816 shares withheld in connection with the vesting of RSUs granted on February 24, 2023.
F3 Represents the weighted average sales price per share. The shares were sold at prices ranging from $36.80 to $37.79 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F4 Represents the weighted average sales price per share. The shares were sold at prices ranging from $37.815 to $37.96 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F5 Represents the weighted average sales price per share. The shares were sold at prices ranging from $36.83 to $37.35 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.