Miguel Vizcarrondo - 07 Mar 2023 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: 07 Mar 2023
Net transactions value: +$195,862
Form type: 4
Filing time: 09 Mar 2023, 15:48:11 UTC
Previous filing: 28 Feb 2023
Next filing: 04 Mar 2024
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	$353,119	+9,467	+7.4%	$37.30	137,800	07 Mar 2023	Direct	F1
transaction	EVTC	Common Stock	Tax liability	$157,257	-4,216	-3.1%	$37.30	133,584	07 Mar 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) 1,152 shares withheld in connection with the vesting of RSUs granted on February 27, 2020; (ii) 1,587 shares withheld in connection with the vesting of RSUs granted on March 2, 2021; and (iii) 1,477 shares withheld in connection with the vesting of RSUs granted on February 25, 2022.

Content

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.

Reflects shares of common stock withheld by the Issuer to pay the tax liability of the Reporting Person as follows: (i) 1,152 shares withheld in connection with the vesting of RSUs granted on February 27, 2020; (ii) 1,587 shares withheld in connection with the vesting of RSUs granted on March 2, 2021; and (iii) 1,477 shares withheld in connection with the vesting of RSUs granted on February 25, 2022.