Reidenbach Michael L 4
4 · EVO Payments, Inc. · Filed Mar 28, 2023
Insider Transaction Report
Form 4
Reidenbach Michael L
EVP, CIO
Transactions
- Disposition to Issuer
Restricted Stock Units
2023-03-24−21,142→ 0 total→ Class A Common Stock (21,142 underlying) - Disposition to Issuer
Performance Stock Units
2023-03-24−19,767→ 0 total→ Class A Common Stock (19,767 underlying) - Disposition to Issuer
Class A Common Stock
2023-03-24−80,887→ 0 total - Disposition to Issuer
Restricted Stock Units
2023-03-24−6,577→ 0 total→ Class A Common Stock (6,577 underlying) - Disposition to Issuer
Restricted Stock Units
2023-03-24−12,425→ 0 total→ Class A Common Stock (12,425 underlying) - Disposition to Issuer
Performance Stock Units
2023-03-24−15,856→ 0 total→ Class A Common Stock (15,856 underlying) - Disposition to Issuer
Options (right to buy)
2023-03-24−20,500→ 0 totalExercise: $25.28From: 2024-02-28Exp: 2030-02-28→ Class A Common Stock (20,500 underlying) - Disposition to Issuer
Options (right to buy)
2023-03-24−21,858→ 0 totalExercise: $25.46Exp: 2031-02-26→ Class A Common Stock (21,858 underlying)
Footnotes (8)
- [F1]As of the Transaction Date and pursuant to a merger agreement between the Issuer and Global Payments Inc. (the "Merger Agreement"), RSUs were canceled in exchange for a total cash payment of $1,364,896.00, representing the number of shares multiplied by the applicable consideration amount required in the Merger Agreement. The cash payment includes $223,618.00 for 6,577 units (which would have vested on the fourth anniversary of 2/28/2020), $422,450.00 for 12,425 units, and $718,828.00 for 21,142 units (which would have ratably vested on the second and third anniversary of 2/24/2022). Vested shares were also canceled and provided consideration pursuant to the Merger Agreement.
- [F2]As of the Transaction Date and pursuant to the Merger Agreement, PSUs were canceled in exchange for a total cash payment of $1,211,182.00, representing the number of shares multiplied by the applicable consideration amount required in the Merger Agreement. The cash payment includes $672,078.00 for 19,767 units and $539,104.00 for 15,856 units.
- [F3]Upon vesting, restricted stock units and performance stock units convert to shares of Issuer common stock on a one-for-one basis.
- [F4]The RSU grant provided for vesting of 12,425 units on the third anniversary of 2/26/2021.
- [F5]The PSU grant provided for vesting of 19,767 units on 2/24/2025, subject to satisfying additional performance conditions.
- [F6]The PSU grant provided for vesting of 15,856 units on 3/31/2025, subject to satisfying additional performance conditions.
- [F7]The options grant provided for vesting of 21,858 units on the third anniversary of 2/26/2021.
- [F8]As of the Transaction Date and pursuant to the Merger Agreement, option rights were canceled in exchange for a total cash payment of $365,427.32, representing the number of shares multiplied by the applicable consideration amount required in the Merger Agreement. The cash payment includes $178,760.00 for 20,500 units and $186,667.32 for 21,858 units.