EVERTEC, INC., DEF 14A filed on 4/7/2026
Proxy Statement (definitive)
v3.26.1
Cover
 12 Months Ended
Dec. 31, 2025
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name EVERTEC, Inc.
Entity Central Index Key 0001559865
v3.26.1
Pay vs Performance Disclosure
number in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Year
Summary Compensation
Table Total for
Morgan M.
Schuessler, Jr.
($)(¹)
Compensation Actually Paid to
Morgan M. Schuessler, Jr.
($)(¹)(²)(³)
Average Summary Compensation Table Total for
Non-PEO NEOs
($)(¹)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)(¹)(²)(³)
Value of Initial Fixed
$100 Investment
based on:(4)
Net Income
($) (in millions)
Adjusted
EBITDA
($) (in millions)(⁵)
TSR
($)		Peer Group
TSR
($)
(a)(b)(c)(d)(e)(f)(g)(h)(i)
20259,218,8933,708,8462,227,1451,355,82573.98178.50145373.4
20248,968,8144,947,6522,403,3651,784,45287.82154.54115340.2
202314,371,81122,774,2902,398,1334,045,664104.12126.4280292.0
20228,284,421(1,211,534)2,376,560704,44982.35102.44239269.5
20217,498,17917,225,8661,941,7103,750,040127.11126.66161294.8
        
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote Mr. Schuessler was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
2021202220232024
2025
Joaquín A. CastrilloJoaquín A. CastrilloJoaquín A. CastrilloJoaquín A. Castrillo
Karla Cruz Jusino
Guillermo RospigliosiLuis A. RodríguezGuillermo RospigliosiDiego VigliancoJoaquín A. Castrillo
Diego VigliancoDiego VigliancoDiego VigliancoPaola PérezDiego Viglianco
Miguel VizcarrondoMiguel VizcarrondoMiguel VizcarrondoLuis A. RodríguezPaola Pérez
—
—
—
—
Luis A. Rodríguez
        
Peer Group Issuers, Footnote The Peer Group TSR set forth in this table utilizes the S&P Composite 1500 Information Technology Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2025. The comparison assumes $100 was invested for the period starting December 31, 2020, through the end of the listed year in the Company and in the S&P Composite 1500 Information Technology Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.        
PEO Total Compensation Amount $ 9,218,893 $ 8,968,814 $ 14,371,811 $ 8,284,421 $ 7,498,179
PEO Actually Paid Compensation Amount $ 3,708,846 4,947,652 22,774,290 (1,211,534) 17,225,866
Adjustment To PEO Compensation, Footnote The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
YearSummary Compensation Table Total for Morgan M. Schuessler, Jr.
($)
Exclusion of Stock Awards for Morgan M. Schuessler, Jr.
($)
Inclusion of
Equity Values for Morgan M. Schuessler, Jr.
($)		Compensation Actually Paid to Morgan M. Schuessler, Jr.
($)
20259,218,893(6,800,000)1,289,9533,708,846

YearAverage Summary Compensation Table Total for Non-PEO NEOs
($)		Average Exclusion of Stock Awards for Non-PEO NEOs
($)		Average Inclusion of Equity Values for Non-PEO NEOs
 ($)		Average Compensation Actually Paid to Non-PEO NEOs
($)
20252,227,145(1,355,000)483,6801,355,825
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
YearYear-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Morgan M. Schuessler, Jr.
($)		Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Morgan M. Schuessler, Jr.
($)		Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Morgan M. Schuessler, Jr.
($)		Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Morgan M. Schuessler, Jr.
($)		Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Morgan M. Schuessler, Jr.
($)		Total - Inclusion
of Equity Values for Morgan M. Schuessler, Jr.
 ($)
20255,866,090(4,290,633)—(285,504)—1,289,953

YearAverage Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs
($)		Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs
($)		Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs
($)		Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs
($)		Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs
($)		Total - Average Inclusion of
Equity Values for Non-PEO NEOs
($)
20251,158,067(633,064)—(41,324)—483,680
        
Non-PEO NEO Average Total Compensation Amount $ 2,227,145 2,403,365 2,398,133 2,376,560 1,941,710
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,355,825 1,784,452 4,045,664 704,449 3,750,040
Adjustment to Non-PEO NEO Compensation Footnote The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
YearSummary Compensation Table Total for Morgan M. Schuessler, Jr.
($)
Exclusion of Stock Awards for Morgan M. Schuessler, Jr.
($)
Inclusion of
Equity Values for Morgan M. Schuessler, Jr.
($)		Compensation Actually Paid to Morgan M. Schuessler, Jr.
($)
20259,218,893(6,800,000)1,289,9533,708,846

YearAverage Summary Compensation Table Total for Non-PEO NEOs
($)		Average Exclusion of Stock Awards for Non-PEO NEOs
($)		Average Inclusion of Equity Values for Non-PEO NEOs
 ($)		Average Compensation Actually Paid to Non-PEO NEOs
($)
20252,227,145(1,355,000)483,6801,355,825
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
YearYear-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Morgan M. Schuessler, Jr.
($)		Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Morgan M. Schuessler, Jr.
($)		Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Morgan M. Schuessler, Jr.
($)		Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Morgan M. Schuessler, Jr.
($)		Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Morgan M. Schuessler, Jr.
($)		Total - Inclusion
of Equity Values for Morgan M. Schuessler, Jr.
 ($)
20255,866,090(4,290,633)—(285,504)—1,289,953

YearAverage Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs
($)		Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs
($)		Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs
($)		Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs
($)		Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs
($)		Total - Average Inclusion of
Equity Values for Non-PEO NEOs
($)
20251,158,067(633,064)—(41,324)—483,680
        
Compensation Actually Paid vs. Total Shareholder Return
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and the cumulative TSR over the five most recently completed fiscal years for the Company and the S&P Composite 1500 Information Technology Index TSR.

PEO and Non-PEO NEO Compensation Actually Paid and Total Shareholder Return (“TSR”).jpg
        
Compensation Actually Paid vs. Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our net income during the five most recently completed fiscal years.

PEO and Non-PEO NEO Compensation Actually Paid and Net Income.jpg
        
Compensation Actually Paid vs. Company Selected Measure
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Adjusted EBITDA during the five most recently completed fiscal years.


PEO and Non-PEO NEO Compensation Actually Paid and Adjusted EBITDA (FINAL 4.6.2026).jpg
        
Total Shareholder Return Vs Peer Group
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and the cumulative TSR over the five most recently completed fiscal years for the Company and the S&P Composite 1500 Information Technology Index TSR.

PEO and Non-PEO NEO Compensation Actually Paid and Total Shareholder Return (“TSR”).jpg
        
Tabular List, Table
Adjusted EBITDA
Adjusted Net Income
Revenue
        
Total Shareholder Return Amount $ 73.98 87.82 104.12 82.35 127.11
Peer Group Total Shareholder Return Amount 178.50 154.54 126.42 102.44 126.66
Net Income (Loss) $ 145,000,000 $ 115,000,000 $ 80,000,000 $ 239,000,000 $ 161,000,000
Company Selected Measure Amount 373.4 340.2 292.0 269.5 294.8
PEO Name Mr. Schuessler        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description We determined Adjusted EBITDA, which is a non-GAAP measure, to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2025. We define “EBITDA” as earnings before interest, taxes, depreciation and amortization and “Adjusted EBITDA” as EBITDA further adjusted to exclude unusual items and other adjustments. See Appendix A of this Proxy Statement for a reconciliation of GAAP and non-GAAP financial measures to our results, as reported in the Company’s Annual Report on Form 10-K for the fiscal year ended on December 31, 2025. For discussion on how the Compensation Committee assesses NEO's performance to make its pay decisions, see "Compensation Discussion & Analysis—Compensation Philosophy and Objectives" and "Compensation Discussion & Analysis—Elements of Compensation".        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted Net Income        
Measure:: 3          
Pay vs Performance Disclosure          
Name Revenue        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (6,800,000)        
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,289,953        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,866,090        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,290,633)        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (285,504)        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,355,000)        
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 483,680        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,158,067        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (633,064)        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (41,324)        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0        
v3.26.1
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2025
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
We do not time the granting of equity awards with any favorable or unfavorable news released by the Company. We do not take material nonpublic information into account when determining the timing and terms of equity awards or for the purpose of affecting the value of executive compensation. Proximity of any awards to an earnings announcement or other market events is coincidental. In the event material nonpublic information were to become known to the Compensation Committee before the grant of an equity award, the Compensation Committee would consider the information and use its business judgment to determine whether to delay the grant to avoid any appearance of impropriety.
Award Timing Method
We do not time the granting of equity awards with any favorable or unfavorable news released by the Company. We do not take material nonpublic information into account when determining the timing and terms of equity awards or for the purpose of affecting the value of executive compensation. Proximity of any awards to an earnings announcement or other market events is coincidental. In the event material nonpublic information were to become known to the Compensation Committee before the grant of an equity award, the Compensation Committee would consider the information and use its business judgment to determine whether to delay the grant to avoid any appearance of impropriety.
Award Timing Predetermined false
Award Timing MNPI Considered true
Award Timing, How MNPI Considered We do not take material nonpublic information into account when determining the timing and terms of equity awards or for the purpose of affecting the value of executive compensation. Proximity of any awards to an earnings announcement or other market events is coincidental. In the event material nonpublic information were to become known to the Compensation Committee before the grant of an equity award, the Compensation Committee would consider the information and use its business judgment to determine whether to delay the grant to avoid any appearance of impropriety.
MNPI Disclosure Timed for Compensation Value false
v3.26.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true