leadership
confidence high
sentiment neutral
materiality 0.35
EVERTEC grants CEO Schuessler 155,359 RSUs valued at $6M, vesting in 4 years
EVERTEC, Inc.
- Special retention grant of 155,359 RSUs approved by Compensation Committee on Dec 6, 2023.
- RSUs valued at $6,000,000; 100% vests on fourth anniversary of grant date (Dec 6, 2027).
- Grant is intended to incentivize CEO Morgan M. Schuessler, Jr. to remain through vesting.
- Accelerated vesting provisions tied to termination without cause, for good reason, death, or disability.
- Prorated vesting if non-renewal, termination without cause, or resignation for good reason before change in control.