Miguel Vizcarrondo - 28 Feb 2025 Form 4 Insider Report for EVERTEC, Inc. (EVTC)

Role
Executive Vice President
Signature
/s/Belmary Rivera-Alvarez by Power of Attorney
Issuer symbol
EVTC
Transactions as of
28 Feb 2025
Net transactions value
+$880,540
Form type
4
Filing time
04 Mar 2025, 17:58:41 UTC
Previous filing
23 Dec 2024
Next filing
07 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVTC Common Stock Award $519,997 +13,926 +12% $37.34 127,841 28 Feb 2025 Direct F1
transaction EVTC Common Stock Award $360,543 +9,508 +7.4% $37.92 137,349 04 Mar 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reports a grant on February 28, 2025 of restricted stock units with time-based vesting, which will vest in substantially three equal installments on the anniversary of the grant date in 2026, 2027 and 2028, in each case subject to earlier vesting upon a termination of service in certain circumstances.
F2 Represents shares of fully vested stock issued as a result of the vesting of performance-based restricted stock units, which were originally granted on February 25, 2022 and earned based on the Issuer's achievement of an adjusted EBITDA target for 2022, subject to a total shareholder return modifier over a three-year performance period.