Entravision (NYSE: EVC) CEO reports stock grants and performance units
Rhea-AI Filing Summary
Entravision Communications Corp. Chief Executive Officer and director Michael J. Christenson reported multiple equity award transactions on January 15, 2026. He acquired 1,200,000 shares of Class A common stock at $0 per share, identified as an equity award that vests in four annual installments from December 20, 2026 through December 20, 2029. Following this grant, he beneficially owned 3,562,170 Class A shares directly.
On the same date, 186,250 Performance Units converted into an equal number of Class A shares at $0, increasing his direct Class A holdings to 3,748,420 shares. After this conversion, he held 758,7501,000,000
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Units | 186,250 | $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 500,000 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 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 insider transactions did EVC CEO Michael Christenson report on January 15, 2026?
Michael J. Christenson, Chief Executive Officer and director of Entravision Communications Corp. (EVC), reported acquiring 1,200,000 shares of Class A common stock at $0 per share and the conversion of 186,250 Performance Units into an equal number of Class A shares on January 15, 2026.
What are the vesting terms of the new equity award reported by EVCs CEO?
The Form 4 notes that the reported equity award vests in four 25% installments on December 20, 2026, December 20, 2027, December 20, 2028, and December 20, 2029, providing a multi-year time-based vesting schedule.
How do the Performance Units reported by EVCs CEO vest?
Each Performance Unit represents a contingent right to receive one share of Class A common stock. Vesting combines time-based vesting (with an initial 20% tranche and then 10% every six months in eight installments) and a market-based condition tied to total shareholder return hurdles over multiple tranches.
How many Performance Units does the Entravision CEO hold after the January 2026 transactions?
Following the 186,250 Performance Units that converted into Class A stock, Michael J. Christenson held 758,750 remaining Performance Units from one award and 1,000,000 Performance Units from another award, each potentially settleable in Class A common stock upon vesting.
Were the Entravision CEOs January 2026 equity transactions direct or through another entity?
The Form 4 lists all reported transactions as direct (D) ownership for Michael J. Christenson, with no separate entity or indirect ownership nature specified in the ownership fields or related footnotes.