Entravision (EVC) COO details December stock sales and performance unit vesting
Rhea-AI Filing Summary
Entravision Communications Corp. President and COO Jeffery A. Liberman reported several sales of Class A common stock made through a family trust under a Rule 10b5-1 trading plan. On December 8, 2025, the trust sold 27,492 shares at a weighted average price of $3.0048, followed by 39,441 shares at $3.1083 on December 9 and 85,108 shares at $3.2889 on December 10.
After these transactions, the family trust indirectly holds 126,316 shares of Class A common stock, while Liberman also holds 504,500 restricted stock units directly. In addition, he beneficially owns performance units covering 230,000 shares of Class A common stock vesting through January 21, 2030 and another 100,000 shares vesting through January 25, 2029, subject to both time-based and total shareholder return performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A common stock | 85,108 | $3.2889 | $280K |
| Sale | Class A common stock | 39,441 | $3.1083 | $123K |
| Sale | Class A common stock | 27,492 | $3.0048 | $83K |
| holding | Performance Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
| holding | Class A common stock | -- | -- | -- |
Footnotes (1)
- Transaction represents a sale of shares of Class A common stock effected pursuant to a Rule 10b5-1 trading plan. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.0003 to $3.0305, inclusive. The Reporting Person undertakes to provide to Entravision Communications Corporation (the "Issuer"), any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.00 to $3.24, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.22 to $3.4302, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. Includes 504,500 restricted stock units. Each Performance Unit represents a contingent right to receive one share of the Issuer'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. Each Performance Unit represents a contingent right to receive one share of the Issuer'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 25, 2025 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.
FAQ
What insider transactions did EVC's President and COO report in this Form 4?
The President and COO of Entravision Communications Corp. (EVC) reported three sales of Class A common stock by a family trust on December 8, 9, and 10, 2025. The trust sold 27,492, 39,441, and 85,108 shares, respectively, as part of a Rule 10b5-1 trading plan.
What performance-based equity awards does the EVC executive hold?
The executive beneficially owns performance units tied to Entravision Class A common stock, including 230,000 shares with an expiration date of January 21, 2030 and 100,000 shares with an expiration date of January 25, 2029. Each performance unit represents a contingent right to receive one share upon vesting.
How do the EVC performance units for the executive vest?
The performance units vest based on a combination of time and performance. For the 230,000-share grant, 20% vests on January 21, 2026 and 10% every six months thereafter in eight equal installments, subject to total shareholder return hurdles in four equal tranches. The 100,000-share grant follows the same pattern starting on January 25, 2025.
Were the EVC insider sales made under a Rule 10b5-1 trading plan?
Yes. The filing states that the transactions represent sales of Class A common stock effected pursuant to a Rule 10b5-1 trading plan, which is a pre-arranged trading program designed to comply with insider trading rules.