Form 4: Evertec Executive Paola Perez-Surillo Reports Stock Transactions

Executive Vice President Paola Perez-Surillo reports acquisition of Evertec stock through restricted stock units and vesting of performance-based units.

Summary

• Paola Perez-Surillo, an Executive Vice President at EVERTEC, Inc., reported transactions involving the company's common stock.
• On February 28, 2025, she acquired 13,926 shares of common stock at a price of $37.34 per share through a grant of restricted stock units.
• These restricted stock units will vest in three equal installments on the anniversary of the grant date in 2026, 2027, and 2028, subject to certain termination conditions.
• On March 4, 2025, she acquired 5,059 shares of common stock at a price of $37.92 per share due to the vesting of performance-based restricted stock units.
• These units were originally granted on February 25, 2022, and earned based on the company's achievement of an adjusted EBITDA target for 2022, subject to a total shareholder return modifier over a three-year performance period.
• Following these transactions, Perez-Surillo beneficially owns 55,543 shares of EVERTEC common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document simply reports stock transactions by an executive, which is a routine occurrence. The vesting of performance-based units suggests the company met its EBITDA target, which is mildly positive.

Positives

• The vesting of performance-based restricted stock units suggests that EVERTEC met its adjusted EBITDA target for 2022, which is a positive indicator of the company's financial performance.
• Executive's increased stake in the company aligns her interests with those of shareholders.

Future Outlook

The restricted stock units 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.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives and their alignment with shareholder interests.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units and performance-based incentives to align management's interests with those of shareholders.
• The vesting schedules and performance metrics used by EVERTEC are likely comparable to those of other companies in the financial technology sector.
• Companies like Global Payments, Fiserv, and Block also use similar equity-based compensation strategies.

Stakeholder Impact

• The vesting of performance-based restricted stock units could positively impact shareholders if it reflects strong company performance.
• Employees may be motivated by the company's achievement of its adjusted EBITDA target.

Key Dates