EVERTEC (EVTC) CEO nets stock from RSU vesting and tax withholding

Rhea-AI Filing Summary

EVERTEC, Inc. President & CEO Morgan M. Schuessler reported equity compensation activity involving company common stock. On the reported date, he acquired 123,531 fully vested shares issued upon vesting of performance-based RSUs granted on February 24, 2023, which were earned based on the issuer’s 2023 adjusted EBITDA and a three-year total shareholder return modifier. In a related move, 41,624 shares were withheld by the company to cover his tax liabilities tied to the vesting of these performance-based RSUs and multiple time-based RSU grants from 2023, 2024, and 2025, resulting in a net increase in directly held shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Schuessler Morgan M

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	123,531	$28.35	$3.50M
Tax Withholding	Common Stock	41,624	$28.35	$1.18M

Holdings After Transaction: Common Stock — 405,703 shares (Direct)

Footnotes (1)

1. 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 24, 2023 and earned based on the Issuer's achievement of an adjusted EBITDA target for 2023, subject to a total shareholder return modifier over a three-year performance period. Represents shares of common stock withheld by the Issuer to pay the tax liability of the Reporting Person as follows: (i) 27,949 shares withheld in connection with the vesting of performance-based RSUs granted on February 24, 2023; (ii) 4,309 shares withheld in connection with the vesting of time-based RSUs granted on February 24, 2023; (iii) 4,618 shares withheld in connection with the vesting of time-based RSUs granted on February 29, 2024; and (iv) 4,748 shares withheld in connection with the vesting of time-based RSUs granted on February 28, 2025.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schuessler Morgan M

(Last) (First) (Middle)

PO BOX 364527

(Street)

SAN JUAN PR 00936-4527

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EVERTEC, Inc. [ EVTC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/03/2026		A		123,531(1)	A	$28.35	405,703	D
Common Stock	03/03/2026		F		41,624(2)	D	$28.35	364,079	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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 24, 2023 and earned based on the Issuer's achievement of an adjusted EBITDA target for 2023, subject to a total shareholder return modifier over a three-year performance period.

2. Represents shares of common stock withheld by the Issuer to pay the tax liability of the Reporting Person as follows: (i) 27,949 shares withheld in connection with the vesting of performance-based RSUs granted on February 24, 2023; (ii) 4,309 shares withheld in connection with the vesting of time-based RSUs granted on February 24, 2023; (iii) 4,618 shares withheld in connection with the vesting of time-based RSUs granted on February 29, 2024; and (iv) 4,748 shares withheld in connection with the vesting of time-based RSUs granted on February 28, 2025.

Remarks:

	/s/Adriana Velez Rivera by Power of Attorney	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transactions did EVERTEC (EVTC) report for its CEO?

EVERTEC reported that President & CEO Morgan M. Schuessler acquired 123,531 fully vested common shares from performance-based RSU vesting. The company simultaneously withheld 41,624 shares to satisfy his tax liabilities on vesting of performance-based and time-based RSUs granted between 2023 and 2025.

How many EVERTEC shares did the CEO receive from RSU vesting?

The CEO received 123,531 fully vested EVERTEC common shares upon vesting of performance-based RSUs originally granted on February 24, 2023. These RSUs were earned based on the company’s 2023 adjusted EBITDA performance and modified by a total shareholder return measure over a three-year performance period.

Why were 41,624 EVERTEC shares withheld in the CEO’s Form 4?

EVERTEC withheld 41,624 common shares to cover the CEO’s tax liabilities associated with RSU vesting. This included 27,949 shares from performance-based RSUs and additional shares from time-based RSUs granted on February 24, 2023, February 29, 2024, and February 28, 2025, according to the disclosure.

Were the CEO’s EVERTEC transactions open-market buys or sales?

The reported transactions were not open-market trades. One entry reflects a grant or award acquisition of fully vested shares from performance-based RSU vesting, while the other reflects a disposition where shares were withheld by EVERTEC solely to pay the CEO’s related tax liabilities, as described in the filing.

How were the performance-based EVERTEC RSUs earned by the CEO?

The performance-based RSUs, granted on February 24, 2023, were earned based on EVERTEC’s achievement of an adjusted EBITDA target for 2023. The final share issuance was also subject to a total shareholder return modifier measured over a three-year performance period, as specified in the disclosure.