Form 4: Evertec Executive Vice President Daniel Brignardello Reports Acquisition of Restricted Stock Units

Daniel Brignardello, Executive Vice President of EVERTEC, Inc., reports the acquisition of 10,712 restricted stock units on February 28, 2025.

Summary

• On February 28, 2025, Daniel Brignardello, an Executive Vice President at EVERTEC, Inc., acquired 10,712 shares of common stock in the form of restricted stock units.
• The price of the stock at the time of the transaction was $37.34 per share.
• These restricted stock units vest in three equal installments on the anniversary of the grant date in 2026, 2027, and 2028, contingent upon continued service.
• Following this transaction, Brignardello directly owns 43,193 shares of EVERTEC common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding executive compensation, indicating a neutral sentiment.

Future Outlook

The restricted stock units will vest in 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 related to executive compensation and aligns with standard practices for publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units to align management's interests with those of shareholders.
• Vesting schedules of three years are common in the industry to incentivize long-term performance.
• Companies like Global Payments Inc. (GPN) and Fiserv Inc. (FI) also utilize similar equity-based compensation strategies for their executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning executive interests with company performance through equity ownership.
• Employees may view the equity grant as a positive sign of company commitment to its executives.

Key Dates