Entravision (EVC) CEO adds 1.2M RSUs and 200K performance units
Rhea-AI Filing Summary
Entravision Communications CEO Michael Christenson, who also serves as a director, reported new equity awards and an update to earlier disclosures. He received an award of 1,200,000 restricted stock units of Class A common stock that vest in four equal annual installments from December 20, 2026 through December 20, 2029.
The filing also shows that 186,250 performance units were converted into Class A shares at no cash cost to Christenson, leaving him with 3,748,420 Class A shares held directly after the transactions. In addition, he was granted 200,000 new performance units, each representing a contingent right to one share of Class A stock, subject to both time-based vesting and total shareholder return performance hurdles.
This Form 4/A amends a prior report to add the 200,000 performance units that were not included previously.
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Insights
CEO receives large stock-based awards and corrects prior Form 4.
Entravision granted CEO and director Michael Christenson 1,200,000 restricted stock units plus 200,000 performance units, deepening his equity-based compensation. The restricted stock units vest in four annual tranches from December 2026 through December 2029, aligning compensation with multi-year service.
The performance units convert into Class A common stock if both time-based vesting and total shareholder return hurdles are met. On January 15, 2026, 186,250 performance units converted into shares at a stated price of $0 per unit, contributing to his total of 3,748,420 directly held Class A shares after the transactions.
This Form 4/A is described as an amendment to a January 20, 2026 filing to include the additional grant of 200,000 performance units. The update is administrative in nature and clarifies the full scope of the CEO’s recent equity awards.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Units | 186,250 | $0.00 | -- |
| Grant/Award | Performance Units | 200,000 | $0.00 | -- |
| Grant/Award | Class A common stock | 1,200,000 | $0.00 | -- |
| Exercise | Class A common stock | 186,250 | $0.00 | -- |
| holding | Performance Units | -- | -- | -- |
Footnotes (1)
- Represents an award of 1,200,000 restricted stock units that vests as follows: (i) 25% on December 20, 2026; (ii) 25% on December 20, 2027; (iii) 25% on December 20, 2028; and (iv) 25% on December 20, 2029. Includes 3,160,000 restricted stock units. Each Performance Unit represented a contingent right to receive one share of the Company's Class A common stock upon vesting. The Performance Units vest by a combination of both (i) time-based vesting, with 20% vesting on January 21, 2026 and 10% vesting every six months thereafter in eight equal installments, and (ii) a market-based vesting condition based on total shareholder return hurdles in four equal tranches, the first of which was achieved as of the transaction date. Includes 3,346,250 restricted stock units. Each Performance Unit represents a contingent right to receive one share of the Company's Class A common stock upon vesting. The Performance Units vest by a combination of both (i) time-based vesting, with 20% vesting on January 21, 2027 and 10% vesting every six months thereafter in eight equal installments, and (ii) a market-based vesting condition based on total shareholder return hurdles in four equal tranches. The Company previously filed a Form 4 on January 20, 2026 to report, among other things, the award of restricted stock units to the Reporting Person. This Amendment to that Form 4 is being filed to include an additional grant of 200,000 Performance Units to the Reporting Person. Each Performance Unit represents a contingent right to receive one share of the Company's Class A common stock upon vesting. The Performance Units vest by a combination of both (i) time-based vesting, with 20% vesting on July 1, 2024 and 10% vesting every six months thereafter in eight equal installments, and (ii) a market-based vesting condition based on total shareholder return hurdles in five equal tranches.
FAQ
What new equity awards did Entravision (EVC) CEO Michael Christenson receive?
Michael Christenson received an award of 1,200,000 restricted stock units of Entravision Class A common stock and an additional grant of 200,000 performance units, each representing a contingent right to receive one share upon vesting and meeting total shareholder return hurdles.
How do the 1,200,000 restricted stock units for the EVC CEO vest?
The 1,200,000 restricted stock units vest in four equal installments: 25% on December 20, 2026, 25% on December 20, 2027, 25% on December 20, 2028, and 25% on December 20, 2029.
What happened to the 186,250 performance units reported in the EVC Form 4/A?
186,250 performance units converted into Entravision Class A common shares on January 15, 2026 at a stated price of $0 per share, increasing Michael Christenson’s directly held Class A share position.
What vesting conditions apply to the 200,000 new performance units at Entravision?
Each of the 200,000 performance units represents a contingent right to receive one Class A share. Vesting combines (i) time-based vesting, with 20% vesting on January 21, 2027 and 10% every six months thereafter in eight equal installments, and (ii) total shareholder return-based performance hurdles in four equal tranches.
Why is this Entravision filing labeled as a Form 4/A amendment?
The company states that a Form 4 was previously filed on January 20, 2026 and that this Form 4/A is being filed to include an additional grant of 200,000 performance units to Michael Christenson that was not included in that earlier report.