Form 4: Evertec Executive Vice President Miguel Vizcarrondo Reports Acquisition of Restricted Stock Units

Executive Vice President Miguel Vizcarrondo reports the acquisition of 14,392 restricted stock units in Evertec, Inc.

Summary

• On February 29, 2024, Miguel Vizcarrondo, an Executive Vice President at EVERTEC, Inc., acquired 14,392 shares of common stock.
• These shares were granted as restricted stock units.
• The price of the stock at the time of the transaction was $36.13 per share.
• Following the transaction, Vizcarrondo directly owns 147,976 shares of EVERTEC, Inc.
• The restricted stock units will vest in three substantially equal installments on February 29, 2025, February 29, 2026, and February 29, 2027, subject to certain termination of service conditions.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock units granted to an executive. It doesn't inherently indicate positive or negative performance, but rather aligns executive interests with shareholder value over time.

Positives

• The acquisition of restricted stock units by an executive could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The vesting schedule of the restricted stock units suggests a commitment from the executive to remain with the company for at least three years.

Industry Context

Executive compensation in the form of stock options and restricted stock units is a common practice in the tech and financial services industries to align management's interests with those of shareholders.

Comparison to Industry Standards

• Companies like Global Payments Inc. and Fiserv, Inc. also use restricted stock units as part of their executive compensation packages.
• The vesting schedules and amounts granted are generally in line with industry standards for companies of similar size and market capitalization.

Stakeholder Impact

• The grant of restricted stock units aligns the executive's interests with those of the shareholders, potentially incentivizing actions that increase shareholder value.

Key Dates