Form 4: EVERTEC Director Kelly Hefner Barrett Receives Restricted Stock Unit Grant

EVERTEC, Inc. Director Kelly Hefner Barrett reported the acquisition of 4,113 shares of common stock through a restricted stock unit grant on May 22, 2025.

Summary

• Kelly Hefner Barrett, a Director of EVERTEC, Inc. (EVTC), acquired 4,113 shares of common stock.
• The acquisition occurred on May 22, 2025, at a price of $37.07 per share.
• This transaction was a grant of restricted stock units (RSUs).
• The granted RSUs are scheduled to vest on May 31, 2026.
• Following this transaction, Kelly Hefner Barrett directly beneficially owns 18,562 shares of EVERTEC common stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive indicator of continued alignment between management and shareholder interests, as the compensation is tied to the company's future performance. It is a routine compensation event rather than a direct cash purchase, hence a moderately positive score.

Positives

• The grant of restricted stock units to a director aligns their interests with those of shareholders, as the value of their compensation is tied to the company's stock performance.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged, compliant transaction.

Future Outlook

The restricted stock units granted to Director Kelly Hefner Barrett are scheduled to vest on May 31, 2026, indicating a future date when these shares will become fully owned.

Management Comments

• The transaction was executed by /s/Belmary Rivera-Alvarez by Power of Attorney on behalf of Kelly Hefner Barrett.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically an equity grant, which is a common component of executive and director compensation across publicly traded companies in various industries, including financial technology.

Comparison to Industry Standards

• The grant of restricted stock units is a standard practice for compensating directors and executives in publicly traded companies, aligning their long-term incentives with shareholder value creation.
• The use of a Rule 10b5-1(c) plan for the transaction is a common and compliant method for insiders to manage their equity holdings, demonstrating adherence to SEC regulations.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director helps align the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• The restricted stock units will vest on May 31, 2026, at which point the shares will become fully owned by the director.

Key Dates

Recommendation

Keywords

EVERTEC, EVTC, Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Beneficial Ownership, Director Compensation, Equity Compensation