secwatch.observer — SEC 8-K summary
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Issuer:     EVERTEC, Inc. (EVTC)
CIK:        0001559865
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001559865-23-000047
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EVERTEC grants CEO Schuessler 155,359 RSUs valued at $6M, vesting in 4 years
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1559865/000155986523000047/0001559865-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1559865/000155986523000047/evtc-20231206.htm
  HTML page:      https://secwatch.observer/filing/0001559865-23-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer